U.S. Fed rolls out biggest rate hike since 1994, flags slowing economy

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Federal Reserve Chairman Jerome Powell announces the central bank’s biggest rate increase since 1994 in an effort to rein in inflation without denting economic growth or destabilizing markets. | AFP-JIJI

WASHINGTON – The Federal Reserve on Wednesday decided on its largest interest-rate hike since November 1994, moving ahead with a 0.75 percentage point increase while signaling further aggressive tightening as the United States grapples with its highest inflation in decades. Upon concluding a two-day meeting of the policy-setting Federal Open Market Committee, the central bank

Bank of Japan chief plays down yen impact of bond-buying operations

Posted on by superadmin | 786 Views | 12 min read
Haruhiko Kuroda, governor of the Bank of Japan, gave another strong indication that the central bank will continue capping long-term bond yields after holding a meeting with Prime Minister Fumio Kishida. | BLOOMBERG

Bank of Japan Gov. Haruhiko Kuroda provided another strong sign that the central bank will continue capping long-term bond yields after holding his very first conference with Prime Minister Fumio Kishida given that the yen touched its least expensive level considering that 2015.” Each market operation does not straight affect foreign exchange rates,” Kuroda informed

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