The Fed Chief on Interest Rates: "It's Time"
The Fed chief Jerome Powell says at the central bank meeting in Jackson Hole that the time for interest rate cuts is here. It's time for an adjustment of monetary policy, he says in his speech.
BusinessThe Fed chief Jerome Powell says at the central bank meeting in Jackson Hole that the time for interest rate cuts is here. It's time for an adjustment of monetary policy, he says in his speech.
BusinessThis week, the inflation figure will be released, which will determine whether there will be an interest rate cut from the Swedish Central Bank shortly after and how large it will be in that case. A double rate cut is more likely right now than no cut at all, says Jens Magnusson from SEB.
BusinessInflation fell to 1.3 percent in June according to the KPIF measure. It was an unexpectedly large decline and it is good news for all interest-rate pressured households and companies. "Sweet music" for mortgage borrowers who hope for lower interest rates, according to SBAB's chief economist Robert Boije.
BusinessInflation is falling clearly, now below the Riksbank's target, according to Nordea's economists who do not entirely rule out a rate cut as early as June.
BusinessThe order book increases in the supplier chain when Swedish industry takes off again, shows a purchasing manager index from Swedbank and Silf. It may become higher consumer prices soon, says Torbjörn Isaksson, chief analyst at Nordea.
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