Fed's Powell says restrictive rates policy needs more time to work

Top U.S. central bank officials including Federal Reserve Chair Jerome Powell backed away on Tuesday from providing any guidance on when interest rates may be cut, saying instead that monetary policy ... Read More

Fed Vice Chair Jefferson says it will be appropriate to maintain restrictive monetary policy if inflation persists

The latest data showed inflation in the US increased more than expected in March, putting cold water on hopes of an interest rate cut shortly. Read More

European Central Bank leaves rates unchanged as world's central banks wrestle with when to cut

The European Central Bank left its key interest rate benchmark unchanged Thursday, choosing to wait for confirmation that rapidly receding inflation is firmly under control before cutting rates to ... Read More

US Fed officials in no rush to cut rates as inflation worries rise

Fed chairman Jerome Powell has said inflation is on a “bumpy” path back to the US central bank’s 2 per cent annual target. Read more at straitstimes.com. Read More

Federal Reserve slashing rates ahead of Election Day would likely just superficially boost US wallets: experts

The Federal Reserve slashing interest rates this year, which it's anticipated to do, would provide voters temporary financial relief with long-term negative effects, economist says. Read More

ECB leaves rates unchanged as central banks wrestle with cuts

The ECB and the developed world’s other central banks are tilting toward undoing some of the sharp hikes to interest rates, as US markets fell on hot inflation data. Read More

Fed's Powell says restrictive policy needs more time to work

By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell said on Tuesday the U.S. central bank may need to keep interest rates higher for longer than previously thought, given ... Read More

Fed officials in no rush to cut rates as inflation worries rise

The ranks of Federal Reserve officials saying there is no rush to cut interest rates continue to grow, with still-too-hot-for-comfort U.S. inflation a rising concern at home and casting a shadow over ... Read More

European Central Bank leaves rates unchanged as world's central banks wrestle with when to cut

And growth in Europe has been anemic to say the least. The eurozone economy ... strong growth have led to questions about whether the Fed will carry through with the three rate cuts that it ... Read More

Fed's Jerome Powell says restrictive rates policy needs more time to work

Fed policymakers have said since the start of the year that rate cuts are contingent on gaining "greater confidence" that inflation is moving towards the central bank's 2% goal, but readings over the ... Read More

Fed's Powell says restrictive rates policy needs more time to work

WASHINGTON (Reuters) - Top U.S. central bank officials including Federal Reserve ... outlook guide us," he said. U.S. central bankers are universally expected to leave rates unchanged at their ... Read More