Fed to lift rates by 75 basis points in July, 50 bps in September – Reuters poll

The Federal Reserve (Fed) will deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September, and won’t scale back to quarter-percentage-point moves until November at the earliest , according to economists polled by Reuters. Key findings The latest poll results, released on Wednesday before Fed Chair Jerome Powell was due … Read more

SNB to hold fire this week, a 25 bps September rate hike likely – Reuters poll

A majority of the economists polled by Reuters revealed on Tuesday, the Swiss National Bank (SNB) is unlikely to change its negative interest rate policy this Thursday even as the country’s inflation rate remains at a 14-year high. Key takeaways “Twenty-four of 26 economists expect the SNB to keep its policy rate steady at minus … Read more

UK business confidence tumbles to one-year low over inflation fears – Times

“Business confidence fell to its lowest level in more than a year last month amid growing fears that inflation poses a long-term threat to company sales,” said the UK Times in its latest news during early Tuesday morning in Asia. “Confidence among companies is now at levels last seen in April 2021, when coronavirus restrictions … Read more

Recession likely in H1 2023, Dow seen below 30,000 – CNBC CFO survey

According to the CNBC CFO Council Survey, an incoming recession is more likely in the first of the next year amid persistently high inflation, which could down the Dow Jones Industrial Average below the 30,000 level. Key findings “Over 40% of chief financial officers cite inflation as the No. 1 external risk to their business, … Read more