Hike by the world’s de facto central bank confirms that we’re in a new era of higher inflation and higher interest rates Nigel Green March 16, 2017: The US Federal Reserve raised interest rates for the second time in three months on Wednesday. It was prompted to do so by strong jobs data, and forecasts...
The hike is only the second since 2008 IFM Correspondent December 15, 2016: Citing an improving economy, the US Federal Reserve raised its key interest rate on December 14 for the first time in 2016 by a quarter percentage point. In a statement after a two-day meeting, the Fed said policymakers unanimously agreed to lift...
UK companies to benefit from cut in corporation tax IFM Correspondent November 25, 2016: Chancellor Philip Hammond delivered the last Autumn Statement this year and said that the government is focused on preparing and supporting the economy as they begin to write a new chapter in the country’s history. Hammond spoke about tackling the weaknesses in...
Will wait ‘for some further evidence of continued progress toward its objectives’ IFM Correspondent November 3, 2016: The Federal Reserve on November 2 hinted at hiking interest rates in December. For now, officials voted to keep rates unchanged following a meeting in Washington. They emphasised that the pace of rate hikes will depend on evolution...
Interest rates unchanged following the September meeting Ken Taubes September 26, 2016: As expected, the Federal Reserve Board left interest rates unchanged following the September meeting of the Federal Open Market Committee (FOMC). In its statement following the meeting, the FOMC said, “The Committee judges that the case for an increase in the federal funds...