10 Puzzling Photos Beyond ExplanationSweden's central bank hikes key interest rate, saying inflation is still too high
STOCKHOLM — Sweden’s central bank raised its key interest rate Thursday, saying that “inflationary pressures in the Swedish economy are still too high,” although there were signs that inflation had begun to fall. The Riksbank raised its policy rate by a quarter of a percentage point to 4% and said its forecast indicated that it could be raised further. ”Inflation is also falling in Sweden.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Markets may finally be giving the Fed what it wants: WSJ's TimiraosThe Fed motioned to pause interest rates in September with the possibility of one last hike to come in 2023. But after tightening for so long, could markets finally be giving regulators the go-ahead to do what needs to be done? The Wall Street Journal Chief Economics Correspondent Nick Timiraos joins Yahoo Finance Live to discuss the inner-narrative of the bond market and key indicators seen in the Fed's 'dot plot.' 'What you're seeing now could actually lead to the tightening and financial conditions that we didn't get earlier when the Fed was raising rates faster, but the market was saying, 'Well, you'll cut sooner. you'll cut sooner,'' Timiraos explains. 'So you didn't see mortgage rates rise nearly as much as they have in the last few weeks.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Why the Fed may not be worried about high oil prices yetThe Federal Reserve announced it will keep rates steady, with a possibility for another rate hike down the road. With gas prices rising, student loan repayments resuming, workers' strikes, and a potential government shutdown, there's a lot of uncertainties for investors to consider. Another one of them is what the Fed will do at their November meeting. Peter Tchir, Head of Macro Strategy for Academy Securities and Yung-Yu Ma, U.S. Chief Investment Officer of BMO Wealth Management, join Yahoo Finance to discuss their predictions for the Fed's next move and how markets are reacting to all the latest financial headwinds. When asked about the central bank's options going forward, Ma explains that the Fed will have to pay attention to these headwinds saying 'its definitely still data dependent whether or not the Fed raises rates again...cutting rates is far out prospect at this point.' Tchir says when it comes to higher oil prices, he thinks the Fed will be 'reluctant' to try to deal with them through monetary policy, adding that prices may have to be higher until January or February for the Fed to become concerned. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Canadian, U.S. markets tumble Thursday after central bank comments on interest ratesTORONTO — Losses in base metal and technology stocks helped lead a broad-based decline Thursday as Canada's main stock index fell more than two per cent. U.S. stock markets also tumbled the day after the U.S. Federal Reserve's latest rate decision.
Source: SooToday - 🏆 8. / 85 Read more »
Gundlach Calls Fed Decision to Hold Rates One of Its Best In a WhileThe Fed’s decision to hold rates at its target range of 5.25% to 5.50% was one of the central bank’s best decisions in a while, DoubleLine Capital’s Jeffrey Gundlach told CNBC in an interview following the Federal Open Market Committee’s post-meeting statement.
Source: BNNBloomberg - 🏆 83. / 50 Read more »