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Showing 31 - 40 of 1953 results for %22US Federal Reserve%22

Rest switches up recruitment focus

ELIZABETH FRY  |  FRIDAY, 24 MAR 2023
... cent rather than rates of 1% and inflation of 1.5%." The investment chief does not waste time trying to predict the US Federal Reserve's next move. "I feel that it's best not to be too definitive - that maybe now's not the time to stick one's ...

US Fed hikes rates amid banking turmoil

ANDREW MCKEAN  |  THURSDAY, 23 MAR 2023
Amid banking turmoil, the US Federal Reserve announced a rate hike to combat inflation. Recent economic indicators revealed modest growth in US spending, production, and strong job gains, with low unemployment and persistent inflation concerns. As such ...

Giving hope: Recent regulatory wins

ANDREW MCKEAN  |  TUESDAY, 21 MAR 2023
... to take meaningful action and allow employees to see where they're being short-changed, it added. As part of its first Federal Budget, the government also pledged $531.6 million over four years to expand the paid parental leave scheme, allowing families ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... was intensified by the upheavals in the US banking market in March 2023." US Treasury Secretary Janet Yellen and Federal Reserve chair Jerome Powell showed their support for the new entity, which is expected to create a business with more than US$5 trillion. ...

Fink warns of "slow rolling crisis"

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
... aggressive fiscal policy since 2008, inflation has risen to the highest levels seen since the 1980s, with the Federal Reserve responding with close to 500 basis points in rate increases. This, he said, was the first domino to drop. "Bond markets were ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... and regulators are trying to understand what led to the second biggest bank crash in its history. Overnight the Federal Reserve board announced that vice chair for supervision Michael Barr is leading a review, of the supervision and regulation of SVB ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... Treasury will make available up to US$25 billion from the Exchange Stabilisation Fund as a backstop for the BTFP, the Federal Reserve said, though noted it does not expect it will be necessary to draw on the funds. "These actions will reduce stress across ...

US interest rates may go higher than expected: Powell

CASSANDRA BALDINI  |  THURSDAY, 9 MAR 2023
Interest rates may well be higher than previously anticipated following stronger economic data, said Federal Reserve chair Jerome Powell before the House Financial Services Committee. Providing testimony yesterday, Powell explained the Fed will continue ...

RBA cash rate hike forecast by economists

ANDREW MCKEAN  |  TUESDAY, 7 FEB 2023
... again thereafter. However, Solomon is confident that the terminal rate will be much lower than in the US. The Federal Reserve will pause somewhere around 5%, he said. Meanwhile, UBS expects the RBA to hike the cash rate by 25 basis points to a peak of ...

Federal Reserve increases rates 25bp

CASSANDRA BALDINI  |  THURSDAY, 2 FEB 2023
The US Federal Reserve has increased its benchmark interest rate by 25 basis points, the smallest move since March last year. The quarter-point increase shifted rates to 4.75% from 4.5%. In making the announcement the Fed signaled more rate rises could ...