New Zealand’s central bank continued its hawkish response to soaring inflation by announcing a seventh consecutive interest rate rise, as the official cash rate increased by 0.5% to 3%.
NZD at 3%; Stocks Remain Strong, Risk Rally Continues; Canadian Inflation Drops
S&P 500 Index Reaches New 3-Month High; Risk Rally Continues; RBA Minutes Suggest Further Rate Hikes
Bitcoin Breaches $25k; S&P 500 Index Reaches 3-Month High; Risk Rally Continues
US Inflation Falls to 8.5%; Greenback Sells Off; Stocks, Risky Assets Higher
Over the past 12 months the CPI revealed that inflation has increased by 8.5% over the past year, a fall from the 9.1% year on year rise that was announced last month for June.
US Inflation Data Due Later; Stocks, Risky Assets Slightly Lower
US Inflation Data Due Tomorrow; Global Growth Concerns; Bitcoin, Commodities Higher
Job Growth Suggests Stronger Hikes Needed; US Dollar Advances; RBNZ Raises Inflation Forecast
UK interest rates reach their highest level in 6 years as inflation forecast increases.
BoE Meeting on Rates and Monetary Policy; US Services Buoyant; Kashkari Says No 2% Inflation for Years; S&P 500 Near 2-Month High
Greenback Gains Ground, Euro Weak; US JOLTS Job Data Lower; Taiwan Tension; FOMC Remarks
Greenback Drops, Yen Strong; RBA Hikes by 0.50%; US JOLTS Job Data Awaits
Yen Gains Significantly Over Week; Fed’s Kashkari Warns on Inflation; USD Selloff Continues
The European Central Bank surprises the market by hiking rates by 0.50% when a hike of 0.25% had been widely expected, boosting the value of the Euro.