Interest Rates news, events & figures

Energy shock puts ECB on course for expected rate hike

The ECB is expected to raise rates as euro zone inflation climbs, with higher energy prices reviving concern about broader price pressures.

Bank of Canada holds key interest rate at 2.25%

The Bank of Canada kept its benchmark rate at 2.25%, a fifth consecutive hold, while warning it is watching inflation and weak growth risks.

Asian stocks slide as tech sell-off and Middle East strikes unsettle markets

Asian and European markets fell as tech shares sold off and renewed Iran-Israel strikes pushed oil prices higher before Brent eased back.

Core PCE inflation rose 3.3% in April, matching forecasts

Core PCE inflation rose 3.3% annually in April, while headline inflation hit 3.8%, keeping pressure on the Federal Reserve.

Fed’s preferred inflation gauge rises to nearly three-year high under Warsh

The Fed’s preferred inflation gauge rose to 3.8% in April, its highest level since May 2023, complicating Kevin Warsh’s start as central bank chief.

Bond market pushes for tighter Fed stance as Warsh takes over

Bond investors are signaling concern that the Fed is behind inflation as Kevin Warsh prepares to lead the central bank after hotter April price data.

ECB holds key rate at 2% as energy shock lifts inflation

The European Central Bank held its deposit rate at 2% as euro zone inflation rose to 3%, leaving a possible June move dependent on incoming data.

Fed holds rates steady as inflation pressures persist

The Federal Reserve held interest rates steady for a third straight meeting as elevated inflation and a divided policy committee cloud the path ahead.