September 16, 2022
Fed Seen Raising to 4% in 2022 And Signaling Higher for Longer
Federal Reserve officials will signal a more hawkish stance next week, with interest rates reaching 4% by December and staying high through 2023, economists surveyed by Bloomberg said.
European Stocks Set for Weekly Drop on Hawkish Central Banks
European equities fell on Friday for the fourth straight day, as expectations built that central banks will stay hawkish to combat stubbornly high inflation, despite signs of an economic downturn.
The Stoxx Europe 600 fell 1.3% at 2:19 p.m. in London, led by shares in industrial and technology firms.
BOJ’s Kuroda Seen Sitting Tight Even After Jumbo Fed Hike
Bank of Japan Governor Haruhiko Kuroda will likely keep the central bank’s main policy levers unchanged next week, mere hours after another major rate hike from the Federal Reserve, according to BOJ watchers surveyed by Bloomberg.
All 49 of the polled economists said the central bank will leave its yield curve control program and asset purchases unchanged at the end of the two-day policy meeting Thursday.
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