Expectations Soften for September or November Fed Rate Hike, July Still Firmly Anticipated
The Federal Reserve continues to be expected to raise the benchmark interest rate by a quarter of a percentage point, according to forecasts by fed-funds futures traders. The current projections predict an increase from the current rate to a new range of 5.25% to 5.5%. This increase is anticipated to occur within the month. Despite […]
“Fiscal Limits Won’t Hinder Monetary Policy Execution: Central Banks Ready to Deliver!”
Shinichi Uchida, the new Deputy Governor of the Bank of Japan (BoJ), recently stated that fiscal constraints will not undermine the country’s ability to carry out monetary policy. He confidently added that central banks will not default. At the time of writing, the USD/JPY is trading at 0.05% higher on the day at 134.50. Despite […]