US EditionUS Fed expected to pause rate cuts again, await clarity on tariffs
- Most analysts anticipate that the Federal Reserve will maintain its current pause on reducing interest rates at the upcoming May meeting while assessing the economic effects of President Trump's tariff measures.
- This expectation follows better-than-forecast US hiring data in April and growing concerns that tariffs could raise prices and slow economic growth in the short term.
- Key financial institutions like Goldman Sachs and Barclays have delayed projected rate cuts from June to July to allow more data amid tariff and fiscal policy uncertainties.
- Loretta Mester cautioned that tariff-induced price increases could threaten recent progress in lowering inflation, emphasizing the Fed’s need to keep inflation from rising again, while Jim Bullard noted that market-based inflation indicators have remained steady.
- These developments imply the Fed will likely hold policy steady short term to assess evolving labor market and tariff effects, while inflation expectations remain a key area of uncertainty.
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Investors on hold for Wednesday's Fed decision as strong macro data boosts stocks globally
The S&P 500 closed up 1.47% on Friday but S&P futures were down 0.77% pre-opening in New York. Earnings and macro data have largely come in stronger than expected for Q1 but investors are likely putting everything on hold until Wednesday’s interest rate decision from the Fed. While the Fed is not expected to change rates, Fed Chair Jerome Powell’s commentary will likely move markets globally. Stock markets in Asia and Europe largely moved higher…
·New York, United States
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Evening Standard+5 Reposted by 5 other sources
Bank of England set to cut interest rates as US tariff impact in focus
Most economists are expecting rates to be reduced by 0.25 percentage points on Thursday.
·London, United Kingdom
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Leaning Left17Leaning Right17Center22Last UpdatedBias Distribution39% Center
Bias Distribution
- 39% of the sources are Center
39% Center
L 30%
C 39%
R 30%
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