Christine Lagarde News

The global economy is shifting toward a higher-for-longer period for interest rates, making the coming flurry of monetary decisions across the developed world pivotal in mapping out that plateau.

Inflation paused its decline in Europe in August

Christine Lagarde's avoidance of a clear signal of intent for European Central Bank policy has just thrown a brighter spotlight on a pivotal week in the euro zone. While the president observed on Friday that inflation remains undefeated, she didn't address prospects for the September 14 meeting, giving colleagues scope to publicly debate the need for increasing borrowing costs just as crucial data arrive in coming days. Consumer-price numbers will set the scene for one of the most suspenseful decisions since ECB rate hikes began more than a year ago, as officials ask if additional monetary tightening is an imperative, or whether a souring economic outlook is bleak enough to warrant a pause. Those who attended the Federal Reserve's Jackson Hole conference alongside Lagarde will have heard for themselves Chair Jerome Powell's own signal that US borrowing costs will stay high and could even rise further. “Our view remains that a rate hike in September remains on a knife-edge but ultimately the ECB, with an eye on core inflation, will raise,” David Powell and Maeva Cousin of Bloomberg Economics wrote after the president's speech. By contrast, in another illustration of the close-run nature of the decision, economists at Berenberg led by Holger Schmieding changed their forecast on Friday before Lagarde spoke to put a 60% probability on a rate pause, up from 40%.

By Shashwat Chauhan

European stocks started the week on a positive note, tracking Friday’s gains on Wall Street following cautious comments from central bankers at Jackson Hole. China’s support measures for its equities market helped lift sentiment.

Gold prices were flat on Monday as Federal Reserve Chair Jerome Powell's hawkish commentary doused expectations that the U.S. rate-hiking cycle was nearing an end, with investors awaiting economic data this week for confirmation on rate trajectory. FUNDAMENTALS * Spot gold was little changed at $1,915.79 per ounce by 0105 GMT, U.S.

By Jamie McGeever

Powell at Jackson Hole. U.S. yields stabilised below 14-year highs.

Interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday

Investing.com — European Central Bank president Christine Lagarde on Friday called for higher-for-longer interest rates to achieve the central bank's key objective of bringing inflation back to its 2% target.

JACKSON HOLE, Wyoming (Reuters) — Shifts in how the global economy operates, from the labour markets to energy transition, risk creating inflation volatility which could in turn translate into more persistent price pressures, European Central Bank President Christine Lagarde said.

The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming gets underway with a dinner on Thursday evening. Here’s what to expect from the two-day conference featuring central bankers from around the world:

Nifty to decline for the second consecutive session while investors directed their attention towards the Jackson Hole symposium in search of indications about the future direction of interest rates. Media reports suggested the dollar held firm near an 11-week peak while the US Treasury yields stabilised below 14-year highs ahead of the US Federal Reserve Chair Jerome Powell's speech at Jackson Hole.

(Reuters) — European shares opened lower on Friday, as investors turned cautious ahead of speeches from major central bank heads at the Jackson Hole symposium in the United States, while rising bond yields continued to pressure stocks.

Gold prices steadied near two-week highs on Friday and was headed for their best week in six as U.S. Treasury yields backed off highs ahead of speeches by top central bankers including Fed Chair Jerome Powell that could guide on future interest rates. FUNDAMENTALS * Spot gold was down 0.1% at $1,915.89 per ounce by 0120 GMT, holding below its highest since Aug.

By Shashwat Chauhan

Bets on a bond-market rally aren’t in the clear just yet. On 26 July, Federal Reserve Chairperson Jerome Powell appeared to give traders the positive signal they’ve been waiting for—that the US central bank may finally be wrapping up it’s steepest interest-rate hikes since the early 1980s. Then the next day, European Central Bank President Christine Lagarde said she had an “open mind" on whether to tighten policy further, underscoring the shifting sentiment underway at the world’s central banks.

FRANKFURT (Reuters) -Euro zone inflation fell further in July and most measures of underlying price growth also eased, in a largely comforting sign for the European Central Bank (ECB) as it considers ending its severe run of interest rate hikes.

Bonds fell and stocks struggled for direction as traders parsed the latest commentary from central bankers for clues on the path for interest rates.

Investing.com — European stock markets are expected to open largely unchanged Monday, as investors digest weak Chinese business activity data ahead of the release of eurozone growth and inflation data.

The European Central Bank has raised interest rates for the ninth straight time in its yearlong campaign to stamp out painfully high inflation