June 9, 2023
United States:
Fed Seen Ending Its 15-Month Hiking Campaign in Economist Survey
Most economists expect the Federal Reserve to pause interest-rate increases next week for the first time in 15 months and leave policy on hold through December, even as it confronts a resilient US economy and persistent inflation.
The Federal Open Market Committee will keep rates steady at its June 13-14 meeting at the 5%-5.25% range, though officials face a closer call in July on what to do, according to economists surveyed by Bloomberg.
Europe:
Italians Boost State Coffers in Dash to Buy New Retail Bonds
Ordinary Italians answered the call to fund their government as they clamored to buy a new class of bonds designed especially for them.
The nation closed its first placement of the four-year securities called BTP Valore, which raised more than €18 billion, a record amount for a debt offering pitched to retail investors, according to the Ministry of Economy and Finance. That’s nearly twice the size of an inflation-linked bond targeted at individual savers in March.
Asia:
Malaysia Names Abdul Rasheed as Central Bank Governor
Malaysia named Shaik Abdul Rasheed Abdul Ghaffour as its new central bank governor, tasked with fostering stability and confidence in an economy under pressure from slowing global demand, volatile inflation and a weakened ringgit.
Malaysia’s king approved Abdul Rasheed as the governor from July 1 for a period of five years, Bank Negara Malaysia said Friday. He will replace Nor Shamsiah Mohd Yunus, whose term ends June 30, according to the statement.
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