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Showing 61 - 70 of 1953 results for %22US Federal Reserve%22

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... have a limited understanding of the impact May's interest rate rise had on inflation. By contrast, the US Federal Reserve, the European central bank, the Bank of Japan and the Bank of England, all have access to data within weeks of making a decision." ...

US Fed indicates several more half-percentage rate rises

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
At the latest Federal Reserve meeting most participants agreed that 50 basis point increases would likely be implemented in the coming months. As has been the case in prior meetings participants again agreed that the economic outlook was highly uncertain. ...

Yellen forebodes stagflation risks

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
... While there is a chance of such an event materialising, Yellen maintained that while the US had inflation, the Federal Reserve's tightening monetary policy was addressing recession concerns. "I don't expect the US to fall into recession; I think Europe ...

NZ Super Fund hires from ART

ELIZABETH FRY  |  FRIDAY, 13 MAY 2022
... to Auckland presently. The sovereign wealth fund also hired Kathryn Kerner as head of data analytics from the Federal Reserve Board and Rachael Le Mesurier from Oxfam Aotearoa as head of diversity, equity, and inclusion.

US inflation wavers near a 40-year high

ANDREW MCKEAN  |  THURSDAY, 12 MAY 2022
... the war in Ukraine for the historical inflation being incurred in countries all over the world. Likewise, the Federal Reserve attributed the current inflationary scourge to pandemic related supply chain imbalances, higher energy prices and broader price ...

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
The US Federal Reserve has raised rates by 0.5%, the most aggressive interest rate increase in over 20 years. In his opening statement, Federal Reserve chair Jerome Powell said: "Inflation is much too high, and we understand the hardship it is causing ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
... and extent of future interest rate increases." This also marks the first time interest rates have been raised during a federal election campaign since 2007. Responding to the RBA's decision, the Labor Party said "it's harder than ever to make ...

RBA weighs controversial pre-election rate rise

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
Just over two weeks before the federal election, the Reserve Bank of Australia (RBA) will make a decision on interest rates which could have huge political implications. At present, underlying inflation is well above the RBA's target band and most economists ...

CPI sees greatest jump since 2000

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
... ongoing strong demand contributed to price rises for newly built dwellings. Fewer grant payments made this quarter from the federal government's HomeBuilder program and similar state-based housing construction programs also contributed to the rise," ...

US stocks crumble after Jerome Powell's hawkish comments

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
From its daily peak, the SP500 index fell 2.61% after Federal Reserve chair Jerome Powell flagged aggressive rate hikes. At an International Monetary Fund panel discussion, Powell said: "It is appropriate, in my view, to be moving a little more quickly." ...