Bloomberg Surveillance interviews Jackie Bowie on economic developments in the banking sector and central bank policy moves

Oil prices fell throughout the week as Israel-Iran tensions cooled, while Powell offered the latest on the Federal Reserve’s monetary policy outlook.

Hotter-than-expected inflation data sent markets reeling, shifting expectations for future rate cuts this year.

The U.S. economy is simply refusing to falter. It continues to show resounding strength, despite the drag from the highest interest rates we’ve seen in the last 23 years. As a result, the market is now expecting roughly the same number of Federal funds interest rate cuts as the Federal Open...

The Federal Open Market Committee (FOMC) and the Bank of England (BoE) kept rates steady, while the Bank of Japan and the Turkish Central Bank caught the market’s attention with decisions of their own. Elsewhere, February existing home sales exceeded expectations, and equity indexes hit record...

Bloomberg Daybreak Europe interviews Jackie Bowie about the Swiss National Bank's interest rate decision and what it means for other central banks, Federal Reserve commentary, and how transatlantic currencies might be affected.

As expected today, the Bank of England (BoE) kept the bank rate on hold at 5.25%, but it may be a sign that the Committee is edging closer to cutting rates as two members who previously voted to hike rates, voted to keep them on hold. Similar to their February meeting, there is still one member...

On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) voted unanimously to hold the fed funds rate at a target range of 5.25%–5.50%. While the Committee’s decision fell in line with expectations, market reaction focused on the quarterly Summary of Economic Projections. The...

February reports showed the biggest increase in consumer prices in five months, clocking the yearly rate of inflation at 3.20%, the week before the Federal Reserve meets to again consider whether to cut interest rates.