The complexion of the September 16-17 FOMC meeting changes with two developments.First is the unusually swift confirmation of Stephen Miran as a Fed governor and his swearing in that took place before the meeting began [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyThe ECB's Governing Council pressed pause on policy, keeping its three key rates unchanged at 2.00 percent (deposit), 2.15 percent (refinancing), and 2.40 percent (lending). Inflation, now hovering [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyThe Reserve Bank of New Zealand's Monetary Policy Committee has reduced the official cash rate by 25 basis points to 3.00 percent, in line with the consensus forecast. [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyThe Reserve Bank of Australia lowered its main policy rate, the cash rate, by 25 basis points from 3.85 percent to 3.60 percent at its meeting today, in [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyIn a finely balanced 5–4 decision, the Bank of England’s Monetary Policy Committee opted to cut the Bank Rate to 4 percent, signaling cautious optimism in the disinflation [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyThe Bank of Canada left its target interest rate unchanged at 2.75 percent for the third consecutive meeting, as expected by forecasters in an Econoday survey. The central [...]
Last Week: Key Global EventsEdited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyThe European Central Bank held interest rates steady in July, signaling cautious confidence in its inflation-control strategy. With inflation now at the 2 percent [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyInflationJune’s warm US inflation data could be the start of the expected inflationary effects of higher tariffs (predicted to hit from mid-2025 onwards). This will bolster the Federal Reserve’s [...]
A look at the six-month percent change in the CPI at the end of the second half of 2025 firms up expectations that the FOMC won't change its mind about inflation remaining "somewhat elevated" as [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyThe Reserve Bank of Australia left its main policy rate, the cash rate, on hold at 3.85 percent at its policy meeting. This decision was a surprise, with [...]
