Central Banks

Policy decisions, minutes and speeches from the Fed, ECB, BoE, BoJ and their peers — and how the market reprices around them.

100 report(s) in the archive

10-Year Treasury Yield Tops 5% as PMI Data Beats, Tech Stocks Retreat

A blowout September PMI report revived bets that the Federal Reserve has less room to cut rates, sending long-term borrowing costs to their highest level in months.

The 10-year Treasury yield spiked above 5.00% after U.S. Services PMI data surged past expectations, pressuring technology shares as investors reassessed the pace of future Fed rate cuts.

MARKET REPORT

Fed Under Warsh Raises Rates, Betting On 2% Inflation By 2029

Wall Street now believes the central bank will tame inflation with only modestly higher borrowing costs, according to MarketWatch's read of the decision.

The Federal Open Market Committee under new Fed Chair Kevin Warsh raised interest rates, marking the seventh rate-hiking cycle since 1990, and investors are now studying that history for clues on what happens next to stocks.

BREAKING STORYBEARISH

Fed and Bank of Japan Both Hike Rates, Dollar Holds Gains as Yen Slides

Investors are now debating whether the Fed's move opens a new tightening cycle or was a one-off, wire commentary from the past 24 hours shows.

The Federal Reserve raised interest rates and the Bank of Japan followed with its own hike, but the dollar strengthened while the yen weakened, leaving currency markets split on which central bank's hawkishness matters more.

BREAKING STORY

Central Banks and Airlines Split Over How Much Oil Risk Justifies Higher Rates

The ECB's Vujcic pushed back on oil-driven rate-hike bets while Barclays still expects the Bank of England to raise rates in November.

European Central Bank (ECB) policymaker Boris Vujcic cooled market bets that oil prices would force more rate hikes, even as Barclays maintained its call for a Bank of England (BoE) hike in November and warned a wider Middle East conflict could push rates higher still.

MARKET REPORT
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