WSJ Economy
WSJ Economy, focused on macro trends, policy shifts, and the economic forces driving markets. Understand what’s happening — and why it matters.
BOE Should Raise Key Rate to Around 5%, U.K. Economic Think Tank Says
The Bank of England should raise its key interest rate to around 5% to tame inflation within three years, and policymakers were set to move too slowly, National Institute of Economic and Social Research said.
BOE Should Raise Key Rate to Around 5%, U.K. Economic Think Tank Says
The Bank of England should raise its key interest rate to around 5% to tame inflation within three years, and policymakers were set to move too slowly, National Institute of Economic and Social Research said.
Yen Slumps to Over One-Month Low on Fed Hike Bets
The yen weakened to the lowest level in more than a month against the dollar on Wednesday, after stronger-than-expected U.S. inflation data raised expectations for Federal Reserve interest-rate hikes.
Two Federal Reserve officials suggested the central bank may need to quicken the pace of its rate increases, as the Fed’s December meeting nears
A third straight month of firm underlying inflation reopens the question of how far and how fast the central bank must go.
Fed’s Paulson Urges Gradual Approach to Rate Hikes
Paulson, a voter on the rate-setting committee, said she expects more tightening to come, but would prefer to tighten gradually when conditions allow
Bank of Canada Raised Rates to Mitigate Inflation Risk, Minutes Say
Senior policymakers agreed it was prudent to raise rates to dampen upside inflation risks despite elevated uncertainty and the presence of economic slack, according to meeting minutes.
Prices rose by 0.4% in October from the previous month, the Labor Department said, higher than expected
Consumer prices climbed notably again in October from the previous month, extending a stretch of stubborn inflation.
Bank of England’s Lombardelli Signals Another Rate Rise Likely in Near Term
The central bank is likely to again raise its key interest rate in the near future, unless there is evidence of weakening inflation, the deputy governor said.
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U.S. 10-Year Treasury Tops 5% on Expectations of Higher Interest Rates
Treasury yields rose with the 10-year benchmark moving above 5%, as hotter-than-expected inflation added to hawkish comments by a Federal Reserve official to fuel bets on a steep interest-rate increase next month.
Barkin Says Appropriate Direction of Monetary Policy Relatively Straightforward
The Richmond Fed president also said it is wise to move policy with care as risks to the demand outlook remain easy to envision.
WSJ Economy, focused on macro trends, policy shifts, and the economic forces driving markets. Understand what’s happening — and why it matters.