BNY Mellon’s Dhar: Bank of England faced with ‘most difficult task’ in countering stagflation
Chief economist says recession risks are higher than markets are pricing in
Federal Reserve
-
-
Sir John Redwood blames central bank failures for spiralling inflation
IEA paper calls on BoE to stop selling bonds and review its inflation forecasting model
-
Federal Reserve ‘more hawkish than expected’ as it pauses hikes
Jerome Powell indicated another hike this year is on the cards
-
Central bank look ahead: Policy to diverge ahead of interest rate decisions by the Fed, BoE and BoJ
Commentators expecting the Bank of England to hike on Thursday
-
Premier Miton’s Rayner: Oil price rise complicating inflation battle
The Fed’s job of squeezing inflation down to 2% recently became harder
-
Weekly outlook: Fed and Bank of England set to make interest rate decisions
Key events for UK wealth managers for the week starting 18 September
-
Jackson Hole: Jay Powell warns inflation still ‘too high’
Fed chair said the central bank is ‘prepared to raise rates further if appropriate’
-
Jackson Hole a ‘pivotal’ moment for central banks with policy set to diverge
Commentators have pondered the significance of the three-day meeting
-
Weekly outlook: Annual Jackson Hole central bank symposium and Nvidia reports
Key events for UK wealth managers for the week starting 21 August
-
Investor reaction: US credit downgrade ‘purely political’
Fitch lowered US credit rating to AA+ from AAA following repeated debt ceiling crises
-
Fed’s ‘well-telegraphed’ rate rise seen as the end of this hiking cycle
US base rate up to a target range of 5.25% to 5.5%
-
US inflation eases further than expected to 3%
Industry commentators still expect a final 25 bps increase at the next FOMC meeting