The American Business Bank Morgan Stanley published its quarterly results on Tuesday with profits in strong decline of 14% over the same period last year, to US$ 2,000 million, due to a context “difficult” for some advisory activities. “The quarter started with macroeconomic uncertainties and weak client activity, but ended better” at the end of […]
Tag: Fed
Fed’s Williams says central bank isn’t done with rate hikes yet
The president of the Bank of Federal Reserve from New York, john williamssaid the US central bank has not finished raising its short-term interest rate target, in an interview with the Financial Times published on Tuesday. “We have indicated through our projections and our communications that we believe we still have some way to go […]
Fed Governor Proposes New Standards to Avoid Bank Failure
The governor of the Federal Reserve (FED) and Vice President of Supervision, Michael Barr, proposed on Monday a series of changes in the US banking system, including tougher capital requirements for large and medium-sized banks, with the aim of avoiding new bankruptcies. In a speech at the Bipartisan Policy Center think tank, Barr laid out […]
Fed officials say end of rate hike cycle is near
The Federal Reserve it will likely have to raise interest rates further to reduce inflation that remains too high, but the end of its current tightening cycle is near, several US central bank officials said on Monday. The fed has raised rates by 5 percentage points since March 2022 to reduce the highest inflation in […]
“Almost all” Fed officials backed not raising rates in June, according to minutes
The Federal Reserve The United States agreed to hold interest rates at the June meeting to buy time to assess whether more hikes would be needed, despite the vast majority expecting to have to further tighten monetary policy, according to meeting minutes released on Monday. Wednesday. Yes ok “some“they wanted to go ahead with a […]
BCRP: dollar closes at S/3.6260 and completes 5 months of decline
The dollar closed in June at S/3.6260, its lowest level in more than two years. The last time it scored a similar value was on April 15, 2021, when it reached S/3.6280, according to the Central Reserve Bank of Peru (BCRP). In this way, the us currency it completed five consecutive months of decline and […]
Big US banks pass Fed stress test despite uncertainty
the 23 older United States banks passed the annual stress tests of the Federal Reserve (Fed) despite the banking uncertainty that killed Silicon Valley Bank (SVB) and Signature Bank in March, the US central bank announced on Wednesday. According to the Fed’s analyses, banks remained “above capital requirements” during a hypothetical global recession, despite losing […]
Heads of biggest central banks: more monetary tightening is coming
The heads of the main central banks The world reaffirmed on Wednesday that they believe further monetary policy tightening is necessary to rein in stubbornly high inflation, but continue to believe they can do so without triggering recessions. US Federal Reserve Chairman Jerome Powell did not rule out further rate hikes at back-to-back Fed meetings, […]
Big central banks keep raising rates, but see the end
Inflation is cooling, which means that major central banks may start to think about ending interest rate hikes, even if most are not there yet. The Bank of England, an outlier in some ways given the persistence of British inflation, raised its benchmark rate by half a percentage point on Thursday, more than expected. Traders […]
Stocks closed in red after learning that the Fed will continue raising interest rates
Jerome Powell, president of the United States Federal Reserve (Fed) announced this Wednesday, June 21, that they will raise the interest rate for the remainder of the year, depending on the economic indicators that are observed. Such a message disrupted the performance of the markets, according to César Romero, Head of Research at Renta4 SAB. […]