Central Banks
Warsh warns Fed must act if inflation stays above target
Federal Reserve Chair Kevin Warsh signals potential rate hikes if inflation remains elevated, as PCE data shows little progress toward 2% target.
Rate-hike expectations rise on Warsh speech at Jackson Hole
Comments from a Federal Reserve official at the Jackson Hole symposium have shifted market expectations regarding future interest rate moves.
Fed rate hike odds rise after July PCE inflation uptick
Probability of a September hike increases to 44% as core PCE holds steady at 3.3% while headline PCE climbs to 3.7%.
Treasury bond buyback plan draws billionaire critique
Stanley Druckenmiller warns the U.S. Treasury’s bond buyback initiative undermines market discipline and fiscal oversight.
Factors that could prompt a Federal Reserve rate hike
The Federal Reserve has not signaled an imminent change, but several economic conditions could lead to a rate hike.
RBA minutes reveal August debate on rate hike amid inflation risks
Minutes from the Reserve Bank of Australia’s August meeting show policymakers considered a 25-basis-point hike as inflation pressures persisted, despite leaving rates unchanged at 4.35%. September meeting pricing now reflects a 67% chance of a hike by February.
RBA minutes show debate over rate hike amid inflation risks
Minutes from the August RBA meeting reveal a discussion on raising interest rates by 25 bps, as inflation remains above target. Market pricing reflects a 13% chance of a hike by September.
Italy seeks €8 bln from EU defence fund, eligible for up to €14.9 bln
Rome files request under the EU's SAFE instrument as coalition tensions persist over defence spending amid fiscal constraints and energy cost pressures.
RBA says reserves exceed demand as it shifts to ample liquidity system
Australia’s central bank transitions to a new liquidity framework while noting reserves remain above system needs. Head of Domestic Markets cites uncertainty over timing to reach ample levels.
Trump may get up to four chances to shape U.S. Federal Reserve board
Former U.S. President Donald Trump could influence up to four appointments to the Federal Reserve's Board of Governors before his potential second term ends in 2028. The board's staggered terms limit direct political control.
Erste Bank warns of widening corporate credit spreads amid ECB rate hike bets
Austrian lender Erste Group flags rising pressure on corporate credit spreads as energy costs and ECB rate expectations drive bond market volatility. Volkswagen’s stock slump highlights sector strain.
Three major Australian banks predict RBA rate hike this year
CBA, NAB and ANZ anticipate another increase after inflation rebound; Westpac holds steady. Markets price 50% chance of September hike.
South Korea raises interest rates to 3.00% in back-to-back hike
The Bank of Korea increased its benchmark rate by 25 basis points as inflation remains above target. The move follows a prior hike and aligns with expectations from most economists surveyed.
BOJ’s Himino signals ‘timely’ rate hike amid inflation pressures
Deputy Governor Ryozo Himino warns of upside inflation risks and calls for gradual but prompt policy tightening, with September seen as a potential meeting for action.
South Korea hikes rates to 3.00% as inflation pressures persist
Bank of Korea raises benchmark rate for second straight meeting, projects gradual tightening into 2027 amid price stability concerns. Treasury bond futures gain 0.2 points.
Bank of Japan's Ueda skips Jackson Hole; focus shifts to G20 meeting
BOJ President Kazuo Ueda will not attend the annual Fed symposium, sending board member Naoki Tamura instead. G20 financial leaders' gathering next week now draws increased attention.
Investors await Fed's Warsh to clarify Jackson Hole policy stance
New Fed Chair Kevin Warsh's debut speech at the Kansas City Fed's annual symposium faces scrutiny as markets seek clarity on his inflation and rate guidance approach.
RBA board split on rate hike in August amid inflation risks
Minutes show several members favored a hike to 4.6% but majority opted to hold at 4.35% as inflation pressures eased. Next decision due Sept. 28-29.
Taurus integrates banks with Swift’s blockchain-based tokenized deposit ledger
Taurus links its tokenization and custody tools to Swift’s shared blockchain ledger, enabling member banks to issue and settle tokenized deposits without building new infrastructure. First transactions expected within weeks.
Druckenmiller calls U.S. Treasury bond buybacks a credibility risk
Billionaire investor warns expanded Treasury buybacks risk undermining market trust and distort long-term yields. Move comes as 30-year yield nears two-decade high.
ECB signals September rate hike after July pause, cites inflation risks
Accounts from the July 22-23 meeting show policymakers prepared for a 25-basis-point increase in September, while corporate lending growth accelerated to 4.4% in July.
ECB minutes signal likely September rate hike amid persistent inflation
Minutes from July’s ECB meeting indicate further tightening may be required if inflation remains elevated. Markets price in a near-certain rate increase on Sept. 10.
Fed’s Hammack says time may be right for rate hike amid inflation concerns
Cleveland Fed President Beth Hammack signals support for a rate increase, citing persistent inflation above target. Next policy meeting remains weeks away.
Citrini Research forecasts bond rally as U.S. fiscal, Fed policies align
Research firm anticipates a narrowing yield spread between 5-year and 30-year Treasuries by November as Treasury and Fed coordinate debt strategy. Policy shift could drive long-dated bond outperformance.