Beyond Jackson Hole: What will the Fed do now?
US central bank has made clear it will not back off on tightening but ‘subtle pivot’ is possible, depending on the data
Monetary Policy
-
-
Worst is yet to come as Fed pursues price stability at all costs
Central bank dashes hopes that US rate rises will peak sooner and lower than predicted
-
Bank of England grapples with Schrödinger’s cat-style inflation
Central bank insists inflationary pressures are ‘transitory’ but investors should prep portfolios should that conviction fade
-
BoE pumps extra £150bn into economy as UK enters second lockdown
Government bond purchases to hit £895bn but bank avoids taking rates into negative territory
-
Ruffer portfolio rises over 4% as defensive positioning pays off
Fund managers add to gold and linkers on expectation of central bank impotence
-
Monetary and fiscal stimulus unleashed on markets – now what?
‘When you look at the different indices, it is very clear this is panic’
-
Bank of England votes unanimously for rate hike
The Bank of England Monetary Policy Committee (MPC) has voted unanimously to raise rates to 0.75% at its August meeting.
-
Multi-asset boutique increases European exposure
Boutique asset manager Kestrel Investment Partners is increasing exposure to Europe’s financial, telecom and pharmaceutical sectors on the back of the European Central Bank’s quantitative easing (QE) decision.
-
Bank of England holds rates, but May a done deal
The Bank of England has voted seven-to-two to keep rates on hold at 0.5%, but the government’s recent signing of a Brexit transition deal means markets consider a May hike a done deal.
-
Tilney: European consumer will prevent recession as fiscal policy flounders
Investors have been told to prepare for slower economic growth in the second half of the year, although a global recession should be avoided.
-
Government launches monetary policy inquiry
The effectiveness of monetary policy implemented in the aftermath of the 2008 financial crash will be the focus of newly-launched government inquiry.
-
PA ANALYSIS: Will the Fed turn its back on the world next year?
With a December interest rate rise now close to certain, investors will no longer be trying to assess when the Federal Reserve will raise rates next, but what the path will be after this.