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Central banking

New Swiss bank laws could derail UBS’ challenge to Wall Street giants

by Walter Watson
New Swiss bank laws could derail UBS’ challenge to Wall Street giants

Sergio Ermotti, CEO of Swiss banking giant UBS, during the group’s annual shareholders meeting in Zurich on May 2, 2013.  Fabrice Coffrini | Afp | Getty Images Switzerland’s tough new …

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The Fed will cut rates before the ECB, former BoE DeAnne Julius said

by Walter Watson
The Fed will cut rates before the ECB, former BoE DeAnne Julius said

The Federal Reserve Building stands in Washington. Joshua Roberts | Reuters The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member …

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Fed wants more confidence that inflation is moving toward 2% target, meeting minutes indicate

by Walter Watson
Fed wants more confidence that inflation is moving toward 2% target, meeting minutes indicate

Federal Reserve officials at their March meeting expressed concern that inflation wasn’t moving lower quickly enough, though they still expected to cut interest rates at some point this year. At …

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How the former Fed boss could shake up the Bank of England

by Walter Watson
How the former Fed boss could shake up the Bank of England

Former Federal Reserve Board Chair Ben Bernanke speaks during a discussion on “Perspectives on Monetary Policy” during the Thomas Laubach Research Conference at the Federal Reserve Board building in Washington, …

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Gold prices look ‘very vulnerable’ to a setback, veteran advisor says

by Walter Watson
Gold prices look ‘very vulnerable’ to a setback, veteran advisor says

Gold prices on Monday extended their record-breaking run, notching another all-time high amid robust U.S. economic data and elevated geopolitical tensions. Spot gold prices stood mixed to trade at $2,327 …

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CNBC Daily Open: What rate cut?

by Walter Watson
CNBC Daily Open: What rate cut?

Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank’s William McChesney Martin building on March 20, 2024 in Washington, DC. Chip Somodevilla | Getty Images …

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CNBC Daily Open: What rate hike?

by Walter Watson
CNBC Daily Open: What rate cut?

Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank’s William McChesney Martin building on March 20, 2024 in Washington, DC. Chip Somodevilla | Getty Images …

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India’s central bank holds rate, looking for inflation ‘elephant’ to vanish

by Walter Watson
India’s central bank holds rate, looking for inflation ‘elephant’ to vanish

India’s central bank held its key interest rate for a seventh straight policy meeting on Friday as growth in the economy is expected to remain robust while inflation stays above …

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El-Erian says the Fed has turned into a play-by-play commentator

by Walter Watson
El-Erian says the Fed has turned into a play-by-play commentator

Mohamed Aly El-Erian, chief economic advisor for Allianz SE.  Bloomberg | Getty Images The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, …

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U.S. Treasury yields in focus as investors track economic data

by Walter Watson
U.S. Treasury yields in focus as investors track economic data

The 10-year Treasury yield was near flat after briefly reaching a new high for the year on Wednesday. The benchmark rate slipped less than 1 basis point to 4.363%. At …

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