Central Bank Archives - Page 3 of 3

Key Inflation Gauge Drops Slightly But Sticks at More Than Double Fed’s Target

A key inflation gauge dropped slightly in May but remains stuck at a level that is more than double the target set by the Federal Reserve. The Fed’s preferred inflation gauge, the so-called core Personal Consumption Expenditures (PCE) price index, is heavily relied on by the Federal Reserve when setting…

UK Central Bank Hikes Interest Rates to Tackle Runaway Inflation

The UK's central bank has raised its benchmark interest rate for the fifth time in a row as the country battles to tame the nation’s cost-of-living crisis. The bank has become the latest monetary authority to tighten in response to runaway inflation. Policymakers at the Bank of England (BOE) decided…

Powell: Fed to Raise Interest Rates without ‘Hesitation’ until Inflation Eases

Federal Reserve Chairman Jerome Powell has warned that the central bank will continue raising interest rates to combat elevated inflation until it comes down. Powell said the Fed is committed to fighting inflation during an interview at The Wall Street Journal’s Future of Everything Festival. “We will go until we…

Federal Reserve Meeting in Focus as Sharp Rate Hike Expected to Fight Inflation

This week's two-day Federal Reserve policy meeting is a major focus point for investors, with markets expecting the central bank to press ahead with a sharp rate hike in an effort to relieve surging inflationary pressures. The Federal Open Market Committee (FOMC) is also expected formally announce the launch of…

Anonymous Says It’s Hacked Russia’s Central Bank, Will Leak Files Exposing ‘Secret Agreements’

Hacking collective Anonymous has claimed to have successfully hacked Russia's Central Bank. The hackers have warned that they plan to release 35,000 hacked files that they claim will expose "secret agreements" with the Russian government. The group says it will publish the files in the next 48 hours. The bank…