It’s been a full-on week for central banks this week, with monetary policy firmly in the spotlight.
The US Federal Reserve kicked off proceedings with Wednesday’s meeting. It kept rates steady with the lower bound at 5.25% and the upper bound at 5.50%. However, is prepared to hike rates again in November.
As the move was widely forecast by analysts and priced in by markets, investors were more interested in what Chair Jerome Powell and Fed policymakers signalled for Read More
The Federal Reserve needs to now stop interest rate hikes because of the notorious time lag of monetary policy.
On Wednesday, Fed Chair Jerome Powell announced the US central bank would skip a rate hike this month, as was broadly expected, but will resume after this pause.
Indeed, as I was quoted by CBS, Value Walk, Investor Ideas, Business Today and News Finale, amongst other media, following 15 months and ten consecutive rate rises in a bid Read More
The US Federal Reserve will likely pause rate hikes next month, which markets will welcome.
Earlier in May, US central bank officials were divided on whether to continue rate hikes at the upcoming June meeting, as per the minutes of the May 2-3 meeting published on Wednesday.
Indeed, the minutes stated: "Several [policymakers] noted if the economy evolved along the lines of their current outlooks, then further policy firming after this meeting may not be necessary."
However, Read More