Caixin PMI drops to neutral after hitting 8-month high
It fell to 50, which separates expansion from contraction for February, from 51.60, which was an eight-month high.
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It fell to 50, which separates expansion from contraction for February, from 51.60, which was an eight-month high.
Watch today’s US Open for insights on the recent developments in the banking sector that seem to help sentiment, fresh geopolitical tensions and more
Watch today’s US Open for discussion on the Fed’s hike and conservative stance due to the banking turmoil, as well today’s policy decision by the Bank of England
The Bank of England has increased its key interest rate by a quarter point, in line with the Federal Reserve's action. The decision was made amid concerns about the health of banks, which have unsettled financial markets worldwide. Despite this threat to financial stability, inflation in the U.K. is still in double digits, which has prompted the need for further policy tightening by BoE Governor Andrew Bailey.
The US central bank was constrained to a 0.25% rate increase and to an unchanged 5.1% median terminal rate projection, due to the banking turmoil amidst elevated uncertainty
The Federal Reserve is facing one of its toughest decisions yet in terms of interest rates due to recent banking turmoil. Although the Fed had been preparing for another data-driven rate hike just a few weeks ago, the collapse of Silicon Valley Bank has led to a banking panic that has made the decision more complicated. As the Fed meets, officials must carefully consider how much weight to give the…
Watch today’s US Open for commentary on the takeover of Credit Suisse by UBS and how the banking turmoil has affected market expectations for the Fed’s policy decision, due on Wednesday
Join FXCM market specialists, Russell and Nikos as they discuss the current crisis in confidence surrounding the banking sector. In addition, the ECB has raised rates by 50bps and now all eyes turn to the Fed. However, it is uncertain that they will raise rates given the instability in the banking sector. This week also sees the BoE rate announcement.
Banking giant UBS agreed to buy troubled Credit Suisse with the blessing of Swiss regulator and government, with authorities around the world striving to safeguard the financial system, as focus now shifts the US Fed’s policy decision
The European Central Bank abided by its stated intentions and raised rates by 0.5% on Thursday, as the SNB lifeline to Credit Suisse helped contained fears over the banking sector, following the recent rout
The Federal Reserve makes its next policy decision on Wednesday March 22, against a highly uncertain backdrop and tame market expectations following the recent collapse of the Silicon Valley Bank
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