The pace of interest rate hikes across major central banks showed little sign of slowing in May but the scale of the tightening tapered off, with growth woes and "sticky" inflation data prompting policymakers to tread more cautiously. All six of the central banks overseeing one of the 10 most heavily traded currencies and that met in May hiked rates.
Sri Lanka's central bank cut its key interest rates by 250 basis points on Thursday amid easing inflationary pressures, signalling that the South Asian nation was emerging from a devastating financial crisis and ready to focus on growth.
* Dollar retreats as Fed pause eyed. * Gold prices could go up to $1,980 level - analyst. * Silver, platinum, palladium edge higher. By Arundhati Sarkar. Gold prices held steady on Thursday, supported by a pullback in the dollar, although prices moved in a tight range as investors gauged the Federal Reserve's interest rate outlook following a critical vote on the U.S. debt ceiling.
Those that remember the 2007 - 2009 Great Recession brought on by high risk mortgage lending may remember that two of the biggest investment banks, Bear Stearns and Lehman Bros., collapsed in similar fashion roughly 6 months apart. One such sector that has been previously discussed but is becoming more of an increasing concern is commercial real estate.
Traders of contracts tied to the Federal Reserve's policy rate on Wednesday pared bets on a U.S. interest-rate hike in June, after Fed Governor Philip Jefferson said that skipping a rate increase at the next meeting would allow central bankers time to assess the need for more policy firming.
Kasisto, creators of KAI, the leading digital experience platform for the financial services industry, today announced the launch of KAI-GPT, the worlds first banking-specific large language model, designed to address the industrys unique needs for accuracy, transparency, trustworthiness and customization.
An apparent rebound in the residential housing market could impact the Federal Reserve's inflation fight, with home prices "leveling out" even as the U.S. central bank awaits the impact of falling rents on headline inflation data, Fed Governor Michelle Bowman said on Wednesday.
An apparent rebound in the residential housing market could impact the Federal Reserve's inflation fight, with home prices "leveling out" even as the U.S. central bank awaits the impact of falling rents on headline inflation data, Fed Governor Michelle Bowman said on Wednesday.
Australia's central bank will do whatever it takes to bring inflation under control, its governor said on Wednesday, warning households to brace for the pain ahead while risks of higher inflation persisted.
* Silver, platinum, palladium face monthly loss. * Gold defended support confluence zone at $1,940 level -analyst. * China's May factory activity falls faster than expected. * U.S. dollar index rose 0.2% to 104.378. By Arundhati Sarkar.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required