July 14, 2025
United States:
Fed’s Hammack Supports Wait-and-See Posture on Rates
Federal Reserve Bank of Cleveland President Beth Hammack said she wants to see inflation lowered further before she’d support a cut in interest rates.
“We’re not there yet on the inflation side of the mandate,” Hammack said Monday in an interview with Fox Business News. “I think it’s important that we wait and see how all the new policies that have been put forward are going to impact inflation.”
Europe:
Germany’s 30-Year Borrowing Costs Climb to Highest Since 2023
Germany’s 30-year bond yields climbed to the highest since 2023 as concerns over tariffs and extra government spending led investors to sell long-end debt.
The yield on the securities rose three basis points to 3.25%, adding to a surge in the past month. A move above 3.263% would take the rate to the highest since 2011.
Asia:
BOJ Is Said Likely to Consider Raising Price Outlook on Food
Bank of Japan officials are likely to consider raising at least one of their inflation forecasts at a policy meeting later this month, after rice and food-related prices rose more than expected, according to people familiar with the matter.
The central bank will probably weigh increasing its key price forecast from 2.2% for this fiscal year after food inflation proved stronger than they expected at the beginning of May when the last quarterly outlook report was released, according to the people.
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