Topic: #monetary-policy
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Treasury Secretary Bessent urges Fed rate cuts as core inflation cools to 2.6%
US Treasury Secretary Scott Bessent says core inflation is cooling and the Federal Reserve should cut rates to sustain economic growth. Core CPI dropped to 2.6% in June, down from 2.9% in May, with service inflation also easing.
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MAS tightens monetary policy for first time since 2022 as oil prices surge
The Monetary Authority of Singapore raised its core inflation forecast and steepened the Singapore dollar's exchange rate band on April 14, citing energy-driven price pressures from Middle East tensions. The move marks the first tightening in four years.
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US gasoline prices rise for first time since May as Iran ceasefire collapses
US gasoline prices posted their first weekly increase since May following the collapse of a ceasefire between the US and Iran, reigniting oil market volatility and reviving inflation concerns for crypto markets.
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Federal Reserve holds rates steady as inflation projections surge to 3.6%
The Federal Reserve kept rates unchanged at its June 2026 meeting as new Fed Chair Kevin Warsh took the helm, even as inflation forecasts climbed 0.9 percentage points. Economists expect no further moves for the rest of the year, though the FOMC's hawkish dot plot signals at least one hike remains possible.
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Magyar Nemzeti Bank cuts rate to 6% to spur Hungarian growth
The Magyar Nemzeti Bank lowered its benchmark interest rate to 6.00% on June 24, 2026, aiming to stimulate economic activity and reduce borrowing costs. The move may signal shifting expectations for rate policy across Europe, though economists warn of inflation risks.
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Kevin Warsh Navigates Fed Chair Tenure Amid Inflation Surge
Kevin Warsh, who took office as Federal Reserve Chair on June 17, 2026, faces mounting pressures including three-year-high inflation and a Supreme Court case questioning presidential authority over Fed governors. He'll address these challenges at the ECB Forum in Portugal this week.
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Bank of Japan raises rates to 1%, warns inflation may exceed 2% target
The Bank of Japan raised its policy rate to 1% on June 16, marking its fourth hike since March 2024. Deputy Governor Ryozo Himino warned on June 19 that inflation could exceed the BOJ's 2% target, citing rising energy costs and a weakening yen as primary drivers.
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Fed's Williams: New tariffs unlikely to significantly impact inflation
Federal Reserve Bank of New York President John C. Williams stated that new tariffs are not expected to have a significant impact on inflation, with market pricing suggesting stable expectations for rate cuts in 2026.
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Bitcoin falls below $69K as Fed's Hammack warns of sticky inflation
Bitcoin fell below $69,000 on Tuesday after Federal Reserve Bank of Cleveland President Beth Hammack warned that policymakers may need to raise interest rates if inflation remains elevated, citing monetary policy as insufficiently restrictive to hit the Fed's 2% target.
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US inflation hits 3.8% in April, Bitcoin slides as Fed holds rates steady
Headline PCE inflation rose to 3.8% in April, nearly double the Fed's 2% target and its hottest pace in two years, while new Fed chair Kevin Warsh faces mounting pressure to justify holding rates steady through June.
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Bank of England holds rates at 3.75%, signals inflation tolerance
The Bank of England held rates steady at 3.75% in April 2026 and signaled willingness to tolerate inflation above its 2% target, prioritizing economic stability over aggressive tightening amid Middle East supply disruptions.