Federal Reserve Chairman Jerome Powell said Tuesday that the central bank now estimates that a key measure of core inflation increased in June to its highest level in four months but added that, despite the acceleration, inflation pressures œremain muted. In a speech to the Bank of France in Paris, Powell said the Fed currently estimates the change in the so-called core personal consumption expenditure (PCE) price index was 1.7% over the 12-months ended June. That is up from 1.6% in May and 1.5% as recently as March. The PCE price index is the Fed™s favorite measure of price...

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The European Central Bank on Thursday, as expected, left interest rates unchanged and affirmed its plan to end its monthly bond-buying program in December. The ECB's key lending rate remains at 0%, while the rate paid on deposits parked overnight at the central bank remains at negative 0.4%. The ECB also repeated that it plans to keep rates at present levels "at least through the summer of...

Federal Reserve Chairman Jerome Powell on Tuesday said continued gradual interest-rate hikes was the "best way forward" for monetary policy. "With a strong job market, inflation close to our objective, and the risks to the outlook roughly balanced, the FOMC believes that - for now - the best way forward is to keep gradually raising the federal funds rate," Powell said in testimony to the Senate...

Australia's central bank expects a strengthening economy to gradually cut unemployment and lift inflation, reiterating there's no strong case for a near-term policy move. œInflation remained low, reflecting low growth in labor costs and strong competition in retailing, policy makers said in minutes of their July 3 meeting released in Sydney Tuesday. œThe board...

Mario Draghi said the improvement in euro-area inflation is on a self-sustained path, allowing the European Central Bank to withdraw its bond-buying despite the rising specter of a global trade war. Echoing the recent language from the ECB, Draghi said the main risks relate to the œthreat of increased protectionism. He also said that œin times of heightened global uncertainty, it is...

The Federal Reserve in early June saw that negative risks from U.S. trade policy "had intensified" and could have negative effects on business sentiment and investment spending, according to minutes of their policy meeting released Thursday. Many of the central bank's business contacts had expressed concern about the possible adverse effects of tariffs and other trade restrictions on future...

FISCAL
No-Deal Brexit Riskiest For Financial Stability: BoE's Carney
Monday, 25 February 2019 18:17 WIB Bank of England Governor Mark Carney said on Monday that the possibility of Britain leaving the European Union next month without a transition deal...
MONETARY
Powell says the Fed is 'grappling' with whether to cut interest rates
Wednesday, 26 June 2019 00:28 WIB Federal Reserve Chairman Jerome Powell on Tuesday suggested an interest-rate cut in July, widely expected by investors and economists, is not a done...

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