Fed, ECB and Bank of Japan to announce rate decisions this week amid inflation worries
The US Federal Reserve, European Central Bank and Bank of Japan all decide on interest rates this week. Rising energy prices and Middle East tensions are keeping inflation in focus, and markets expect the Fed to hold.
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The story, neutrally told
Centre · 1The US Federal Reserve, the European Central Bank (ECB) and the Bank of Japan (BoJ) are due to announce monetary policy decisions this week, with inflation risks and the Middle East conflict in the background. Anadolu AgencyN “will make monetary policy decisions this week in the face of inflation risks and the ongoing Middle East conflict.” Read at Anadolu Agency ↗ Centre · 1The Fed decides on Wednesday, the ECB on Thursday and the BoJ on Friday. Anadolu AgencyN “The Fed will make its monetary policy decision on Wednesday.”“The ECB will announce its policy decision on Thursday”“the BoJ will decide its monetary policy on Friday” Read at Anadolu Agency ↗ Centre · 2The Fed raised its policy rate by 25 basis points last month to a range of 3.75%-4%. Markets expect no change this week: traders price a more than 90% chance, per the CME FedWatch Tool, that the range stays at 3.75% to 4%. Anadolu AgencyN “The Fed raised its policy rate by 25 basis points last month to a range of 3.75%-4%.” Read at Anadolu Agency ↗ Hindustan TimesN “Traders are pricing in a more than 90% chance that policymakers will maintain the federal funds rate target range at 3.75% to 4%” Read at Hindustan Times ↗
Centre · 1Attention is on Fed Chair Kevin Warsh's comments after the decision. Deutsche Bank analysts said these could draw more attention than the decision itself, and that the Fed's message is likely to stay hawkish, keeping open further rate rises if inflation remains high. They also expect Warsh to say that tighter financial conditions cannot replace higher official interest rates. Hindustan TimesN “Deutsche Bank analysts said his remarks could attract more attention than the rate decision itself.”“Deutsche Bank analysts said the central bank’s broader message is likely to remain hawkish.”“he is likely to clarify that tighter financial conditions cannot replace higher official interest rates” Read at Hindustan Times ↗ Centre · 1Anadolu Agency says higher energy prices are expected to reignite inflation and push central banks to keep rates high for longer, and that analysts are also watching the possibility of further tightening and its effect on the US dollar and Treasury yields. Anadolu AgencyN “The rise in energy prices is expected to reignite inflation, prompting central banks to keep rates high for longer.”“Analysts are also monitoring the possibility of further tightening and its potential impact on the US dollar and Treasury yields.” Read at Anadolu Agency ↗ Centre · 1US Treasury yields were mostly steady on Monday, with the 10-year at 4.99%, the 30-year at 5.31% and the 2-year around 4.7%, according to CNBC data cited by Hindustan Times. Hindustan TimesN “The 10-year Treasury yield edged higher to 4.99%.”“The 30-year Treasury yield remained unchanged at 5.31%” Read at Hindustan Times ↗
Centre · 1The Fed's preferred inflation gauge, the personal consumption expenditures (PCE) price index, is due on Thursday. September durable goods orders and ADP employment data are due on Tuesday, with jobless claims on Thursday and more employment data on Friday. Hindustan TimesN “The personal consumption expenditures (PCE) price index is another major focus this week.”“The weekly ADP Employment Change report and durable goods orders for September are scheduled for Tuesday.” Read at Hindustan Times ↗ Centre · 1The ECB raised its three key policy rates by 25 basis points in September. It is expected to hold at this meeting, but expectations of hikes at later meetings remain high given elevated oil prices and inflation risks. Anadolu AgencyN “The bank previously raised its three key policy rates by 25 basis points in September. It is expected to maintain rates at its upcoming meeting” Read at Anadolu Agency ↗ Centre · 1Eurozone data and bond markets add pressure. Germany's producer price index rose 1.9% month-on-month and 6.7% year-on-year in September, the fastest annual pace since March 2023. France's 10-year bond yield hit 5.07%, its highest since 2002 and above the US 10-year for the first time since 2013, as protests in France weigh on public finances. Anadolu AgencyN “Germany’s Producer Price Index (PPI) rose 1.9% month-on-month and 6.7% on an annual basis in September”“France’s 10-year bond yield rose to its highest level since 2002 at 5.07%, surpassing that of the US 10-year Treasury bond for the first time since 2013.” Read at Anadolu Agency ↗
Centre · 1The BoJ raised its policy rate to 1.25% last month and is expected to hold this week, though it may hike in December. Japan's annual inflation was 2.1% in September and core inflation rose above 2% for the first time in nine months. Exports rose 16.7% year-on-year, driven by semiconductor and AI demand, but missed estimates and slowed from August. Anadolu AgencyN “following a decision to hike its policy rate to 1.25% last month”“The BoJ is expected to maintain rates this week, but it may hike rates in December.”“While Japanese exports surged 16.7% on an annual basis in September, they fell short of estimates and slowed compared with August.” Read at Anadolu Agency ↗
Every sentence links to the reporting it rests on. The pill in front of each says where its sources sit: Left, Centre or Right when one side supplies at least half of them, Mixed when they are evenly split. The number is how many outlets it cites.
Left0 outlets
No left outlet in our sources has covered this story yet.
Centre2 outlets
- Framing
- Both outlets preview the week for markets. Anadolu takes a global view of three central banks, linking energy prices and Middle East risks to higher-for-longer rates. Hindustan Times focuses on US Treasury yields and the Fed calendar, relying on CNBC and Deutsche Bank.
- Emphasis
- Inflation risk, hawkish guidance, energy prices, and data releases.
- Leaves out or plays down
- Hindustan Times does not cover the ECB or BoJ. Anadolu gives no market probabilities or analyst forecasts for the Fed and does not cover the US data calendar.
- Charged language
- “hawkish”
- For example
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“Critical monetary policy decisions to be announced this week amid Middle East tensions and rising energy costs” — Anadolu Agency
“US Treasury yields held steady as investors awaited the Fed rate decision on Wednesday” — Hindustan Times
Right0 outlets
No right outlet in our sources has covered this story yet.
What every side reports
- The Fed decides on Wednesday and Fed Chair Kevin Warsh's guidance is a focus.
- Markets expect the Fed to leave its range at 3.75%-4%.
- Persistent inflation is keeping rate-hike risks alive.
Federal Reserve organisation
The Fed is expected to hold at 3.75%-4% after last month's 25 basis point hike. Analysts expect hawkish guidance from Chair Warsh.
“Markets expect the Fed to keep interest rates unchanged.” — Hindustan Times
“The Fed raised its policy rate by 25 basis points last month to a range of 3.75%-4%.” — Anadolu Agency
European Central Bank organisation
The ECB, which hiked in September, is expected to hold on Thursday, with further hikes still anticipated.
“expectations of rate hikes at subsequent meetings remain high” — Anadolu Agency
Bank of Japan organisation
The BoJ, which raised to 1.25% last month, is expected to hold on Friday, with a possible hike in December.
“The BoJ is expected to maintain rates this week, but it may hike rates in December.” — Anadolu Agency
Left0 articles
No coverage yet.
Centre2 articles
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Fed, ECB and BoJ to make rate decisions amid inflation risks
Neutral Week-ahead preview of three central bank decisions, tying energy prices and Middle East risk to inflation and higher-for-longer rates.
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Neutral Market-focused explainer on Treasury yields and the US calendar, drawing on CNBC and Deutsche Bank analysts for the Fed outlook.
Right0 articles
No coverage yet.
- 26 Oct 10:04 First Anadolu AgencyN Fed, ECB and BoJ to make rate decisions amid inflation risks
- 26 Oct 14:23 +4h 18m Hindustan TimesN US Treasury yields hold steady ahead of fed rate decision, PCE inflation data and key US economic reports this week
Times are when each article was published, or when we first saw it if the outlet gave no time.
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