Markets pushed September rate-hike odds from 35% to 57% after Fed Chair Warsh refused to signal policy direction at Jackson Hole, sending the S&P 500 down 0.25% and the Nasdaq 0.52% on Friday.
Tag: interest rates
Posted inEconomy
Warsh Debuts at Jackson Hole Warning That Inflation Is Still Too High
Fed Chair Kevin Warsh used his first Jackson Hole address to warn that July PCE inflation at 3.3% does not confirm underlying trends have improved, and called for a quieter central bank that signals less.
Posted inEconomy
Bank of Korea Delivers Back-to-Back Rate Hike to 3%, Citing AI Boom and Sticky Inflation
South Korea’s central bank raised its benchmark rate to 3% on Thursday in a second straight hike, as the AI chip boom stokes wages and inflation across the export-driven economy.
Posted inEconomy
US July PCE Inflation Holds at 3.7% as Consumer Spending Stalls
July PCE inflation hit 3.7% year-on-year, beating forecasts, as consumer spending stalled and the probability of a September rate hold rose to 62%.
Posted inEconomy
Three Fed Dissenters Pushed for Rate Hike as July Minutes Reveal Hawkish Split
Minutes from the Federal Reserve’s July 28–29 meeting show three regional presidents voted to raise rates immediately, the largest dissenting bloc of the year, with many participants warning further hikes may be necessary.
Posted inEconomy
Australia Holds Rates at 4.35% as Bullock Warns Middle East Risk Could Force Further Hikes
The Reserve Bank of Australia kept its cash rate unchanged at 4.35% in a unanimous August 11 decision, but governor Michele Bullock explicitly left the door open to further increases.
Posted inEconomy
BOJ Board Splits on Rate Pace as One Member Calls for Faster Hikes Than Markets Expect
The Bank of Japan’s July meeting summary, released August 10, shows one board member arguing the pace of rate hikes could exceed market expectations as core inflation nears 2%.
Posted inEconomy
Brazil Cuts Selic to 14% for Fourth Consecutive Meeting
Brazil’s Copom cut the Selic to 14% on 5 August, a fourth straight quarter-point reduction completing 100 basis points of easing since March 2026.
Posted inEconomy
Bank of England Holds at 3.75% as Hawkish Dissent Grows to Three MPC Members
The Bank of England kept its benchmark rate at 3.75% on July 30, but a surprise 6-3 vote split — with three MPC members pushing for a hike to 4% — signalled the committee is leaning hawkish.
Posted inEconomy
Bank of Japan Holds at 1% and Upgrades Growth Forecast as Yen Slides to 40-Year Low
Japan’s central bank held its policy rate at 1% on July 27, upgraded its GDP forecast to 0.8% for fiscal 2026, and signalled further tightening ahead as the yen neared a 40-year low.