If you were counting on the Federal Reserve to cut interest rates this year, JPMorgan’s chief economist has a message you may not want to hear. Michael Feroli, chief U.S. economist at JPMorgan, has forecast zero rate cuts throughout 2026, and the Fed’s next move will be a 25 basis point rate hike in the…
Stocks on Wall Street fell slightly on Wednesday as investors cautiously awaited the Federal Reserve’s long-awaited rate hike decision. Speculation surrounding Federal Reserve Chair Jerome Powell’s future course of action kept markets on edge, as the swaps market projected a 52% chance of another rate hike later in the year. As the Federal Reserve wraps…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan’s cautious governor has dropped unusually aggressive hints of an interest rate hike in December or January next year, with the timing likely to be influenced not only by the boost in wages but also by moves in the yen. The central bank kept interest rates…
