The financial community has been abuzz over whether the Federal Reserve’s funds rate will be hiked by 50 or 75 basis points at the Federal Open Market Committee meeting on 20-21 September. The markets’ assessment of the probabilities had swung back and forth amid heightened volatility. But given the latest communications from Chair Jerome Powell and Vice Chair Lael Brainard, it now seems almost certain the FOMC will opt for a 75bp hike.
ECB rate rise confirms hawks gaining upper hand By David Marsh and Neil Williams In its 8 September decision to raise key interest rates in the biggest jump since 1999, the European Central Bank is making up for lost time in monetary tightening to offset much higher-than-expected inflation.
MEETINGS In conversation with Charles Evans: the future of the US economy Tuesday 27 September, Broadcast Charles Evans, president of the Federal Reserve Bank of Chicago, joins David Marsh, OMFIF chairman, for a conversation on the future of the US economy and the path to recovery.
ON DEMAND Prospects for emerging markets Ayhan Kose, chief economist and director of the prospects group in the equitable growth, finance and institutions practice group of the World Bank, joins Mark Sobel, US chair, OMFIF, for a broad discussion on the global macroeconomic outlook.
LATEST REPORT Sustainable Policy Institute Journal In the summer edition of the journal, contributors lay out why the ‘S’ in ESG is becoming a priority for investors and why social and human rights issues are taking centre stage.
