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The Federal Reserve Board “releases an eagle”! The US neutral interest rate may be higher than in the past ten years, and interest rates may only be cut once in 2024
Atlanta Federal Reserve Chairman Bostic believes that the inflation rate will continue to fall this year and 2025, but the rate of decline in inflation will be lower than many people expected.
U.K. Services Inflation Could Come in Above Forecast -- Market Talk
U.K.'s inflation data for April is likely to show that headline inflation is back to the Bank of England target of 2% while services inflation is expected to come in stronger than markets forecast, ING developed markets economist James Smith says in a note.
US Dollar Ebbs in Europe as Kiwi and Swedish Krona Underperform
The US dollar was struggling for traction near the prior week's lows against many major currencies in early European trade on Monday as global markets looked ahead to a series of scheduled speeches from Federal Reserve officials.
US Dollar Extends Retracement on Fed-packed Monday
The US Dollar (USD) is starting the week as it closed off the previous week: with some easing. Equities are on the front foot this Monday while commodities are trading higher, pushing the Greenback into some easing.
Pound Sterling Shows Resilience After BoE's Broadbent Says Summer Rate Cut Likely
Pound sterling showed resilience in the face of a recovering US dollar and outperformed many other major currencies in early European trade on Monday after Bank of England Deputy Governor Ben Broadbent said that a summer interest rate cut is likely.
Bank of England's Rate Decision Hinges on Services Prices -- Market Talk
Continued rapid rises in U.K. services prices would make the Bank of England think twice about cutting interest rates at its next policy meeting in June, ING economist James Smith writes.