US Dollar Soars on Fed Hawkish Hold

World markets have been rocked by the results of yesterday’s Fed meeting. The US central bank held its benchmark Fed Funds rate at 5.50% as had been widely anticipated. Forecasts of interest rates for 2024 and beyond were more hawkish

Central Bank Hawkishness Weighs on World Markets

A hawkish month for central bankers has wrapped up this morning with the Bank of England announcing a larger than expected interest rate increase of 0.50% to 5.00%, and the Swiss National Bank raising its benchmark rate by 0.25% to

<strong>World Markets Await Central Bank Decisions</strong>

Over the next 24 hours, three of the world’s major central banks are holding interest rate decision meetings. The main event today is the US Fed meeting with an interest rate decision, statement, and member projections due at 2:00 pm

Europe in Focus with Credit Suisse Support and an ECB Decision in the Ne...

Overnight the Swiss National Bank announced that it would provide Credit Suisse with CHF50B (US$54B) of lending support in a bid to boost confidence in the beleaguered bank after Saudi interests cut them off from additional funding. Credit Suisse initially

Surprise Rate Hikes Knock Down Stocks, Webinar Today

Late yesterday afternoon, it appears that some investors tried to put a positive spin on yesterday’s larger than expected Fed rate hike (0.75% vs street 0.50% to 1.75%), perhaps on the notion that the faster the Fed raises rates, the