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The Latest Breaking News from the US Federal Reserve

Central bankers convene for annual Jackson Hole symposium with inflation on their minds

The annual meeting (24-26 August) hosted by the US Federal Reserve will be closely watched, especially Federal Reserve chair Jerome Powell on Friday. While the policy of raising interest rates to lower inflation is no longer in doubt, observers will be watching out for clues as to when the US…

Ben Bernanke to lead review into Bank of England forecasting errors

Ben Bernanke to lead review into Bank of England forecasting errors

Former Fed chair appointed as Bank faces pressure to explain why economic forecasts have been so wide of mark

The Guardian - UK

Chinese youth unemployment hits record high as Covid recovery weakens

Chinese youth unemployment hits record high as Covid recovery weakens

New data shows Chinese economic growth slowing, with property investment in steep decline and youth unemployment at a record high. Also, the US Federal Reserve confirms its "hawkish pause" policy, keeping interest rates steady for now but planning for more hikes. Finally, economists name an unlikely culprit for persistent Swedish…

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FTSE 100 Live: City expects interest rates to stay higher for longer as gilts surge again; shares fade

Gilt yields rose closer to mini-Budget levels today ami new fears the Bank of England will keep interest rates higher for longer.

Evening Standard

Asian equities gain on hopes for Fed pause

RECAP: Most Asia-Pacific equity markets rose on Friday to their highest level since mid-February, taking cues from an overnight Wall Street rally as bets firmed that the US Federal Reserve would not raise interest rates next week.

Investors cheer end of US debt drama

RECAP: Asian stocks advanced on Friday, buoyed by the passage of an agreement that averts a US debt default. Hopes that the US Federal Reserve will decide against lifting interest rates this month also lifted sentiment.

UK and US poised to fall into recession as interest rates dampen growth

Moody’s report shows weak growth across G20 as central banks move to reduce persistent high inflation

The Guardian - UK

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US regional banks tumble as Europe digests another ECB rate hike

US regional banks tumble as Europe digests another ECB rate hike

New York (AFP) - US regional banks endured another torrid day in the financial markets Thursday, after European stocks slid as traders digested a further interest rate hike from the European Central Bank.

US regulator proposes new sanctions on Meta over children's privacy concerns

US regulator proposes new sanctions on Meta over children's privacy concerns

The US Federal Trade Commission has unveiled a proposal that would bar social media giant Meta from profiting off the personal data collected from child users. The FTC is accusing Facebook and Instagram's parent company of repeated violations of data privacy policies. Also in the show, regional US lender WestPac…

Markets as it happened: ASX closes down as US Federal Reserve raises interest rates

Markets as it happened: ASX closes down as US Federal Reserve raises interest rates

Australian shares closed down weighed down by bank stocks. NAB reports cash profit jump of 17 per cent but its shares slumped as the result was below market expectations.The US Federal Reserve raised interest rates by another 0.25 of a percentage point. Keep up with market events and insights from…

Federal Reserve hikes interest rates for 10th time, signals pause

Federal Reserve hikes interest rates for 10th time, signals pause

The US Federal Reserve has hiked interest rates for the tenth time in a row, bringing the key lending rate to its highest level since 2007. But the central bank has signalled it could pause further rate hikes, as inflation eases and turmoil continues to spread across the American banking…

US Fed lifts interest rates again, signals potential pause

US Fed lifts interest rates again, signals potential pause

Washington (AFP) - The US Federal Reserve raised its benchmark lending rate for a tenth time Wednesday in a move that could be the last in the current cycle if the economy cools sufficiently.

US Fed lifts interest rates by quarter-point

US Fed lifts interest rates by quarter-point

Washington (AFP) - The US Federal Reserve raised its benchmark lending rate for a tenth consecutive time Wednesday in a move that could be the last in the current cycle if the economy cools.

Fed likely to hike rates again as bank fears resurface

Fed likely to hike rates again as bank fears resurface

WASHINGTON: The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th — and possibly final — time on Wednesday, as it aims to bring down inflation while preventing fresh banking concerns from spreading.

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US Fed likely to hike rates again as banking fears resurface

Washington (AFP) - The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th -- and possibly final -- time on Wednesday, as it aims to bring down inflation while preventing fresh banking concerns from spreading.

NAB is first lender to pass on Reserve Bank's rate hike, ASX falls to five-week low ahead of US interest rate decision

NAB passes on the Reserve Bank's full rate hike to its home loan customers, but only two of its savings accounts, while the Australian share market drops on renewed worries about the stability of the US banking system.

Fed begins talks that could herald end of rate hikes

WASHINGTON: The US Federal Reserve on Tuesday opened a two-day meeting to decide whether to raise its benchmark lending rate for a 10th — and possibly final — time to tackle rising prices.

Fed begins rate talks that could herald end of hikes

Washington (AFP) - The US Federal Reserve kicked off a two-day meeting Tuesday morning to decide whether to raise its benchmark lending rate for a 10th -- and possibly final -- time to tackle rising prices.

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US Fed expected to hike again despite signs of slowing economy

Washington (AFP) - The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth -- and possibly final -- time on Wednesday, as it continues its fight against high inflation.

US regulators admit mistakes were made ahead of regional bank failures

Washington (AFP) - The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.

US Fed calls for tougher bank rules after SVB collapse

Washington (AFP) - The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.

Crypto spikes as SEC reassures public

The price of Bitcoin surpassed US$30,000 on Tuesday, the highest level in 10 months, becoming the asset with the highest return year-to-date as investors become increasingly optimistic that the United States Federal Reserve (Fed) will soon end its aggressive monetary tightening.

The Independent UK

New BOJ head says banks stable, rules out major policy shift

The new governor of Japan's central bank has signaled, once again, that he plans no drastic changes in its ultra-low interest rate policy

Balancing act: Why central banks are cautious after bank crisis

Central banks are seen treading carefully following the sudden collapses of Silicon Valley Bank and Credit Suisse.

Economists expect US recession, above-target inflation this year

Washington (AFP) - The United States will likely enter a recession this year and face high inflation well into 2024, a majority of economists predicted in their response to a semiannual survey.

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