Reuters reported the Fed kept interest rates unchanged at its most recent meeting, and in reference to its next policy meeting put a December rate hike firmly in play.
In a new report, Fitch Ratings noted that U.S. banks will continue to have their short and long-term business strategies affected by a “lower-for-longer” interest rate environment.
Bloomberg noted in a recent report that the Federal Reserve’s 2% inflation target looks a lot closer according to a price gauge favored by some policy makers.
According to an International Business Times report, if the Fed decides to raise interest rates in the near term, the top five banks in the U.S. could see a $10 billion windfall.
Bloomberg reported that China’s central bank cut interest rates for the fifth time since November and lowered the amount of cash banks must set aside, stepping up efforts to stem the biggest stock market rout since 1996.
Bloomberg reported that tumbling stocks, oil and junk debt raise questions on the timing of a Fed rate hike. Bloomberg said that last weeks’ selloff suggests financial markets may beat the Fed to tightening ahead of the September meeting.
The Wall Street Journal reported that Federal Reserve Bank of Atlanta president Dennis Lockhart said the economy is ready for the first increase in interest rates in more than nine years.
Bloomberg reported that according to 73% of 59 economists surveyed the Fed’s long-awaited liftoff on its benchmark interest rate won’t happen until September.
The the recent slowdown in economic activity reportedly has created uncertainty inside the Fed about when to start raising interest rates, lessening the
chances of a move as early as June.
Bloomberg reported the Treasury sold $30 billion of two-year notes at the highest yield in more than three years and said, based on fed funds futures, there’s a 60% chance Fed will raise rates by July 2015.