Features

Money Minute Wednesday 11 December: all eyes on America's central bank

Today the focus will be on the Federal Reserve which announces its latest decision on US interest rates.

Today the focus will be on the Federal Reserve which announces its latest decision on US interest rates this evening, UK time.Given the strength of the most recent employment data, the Fed is extremely unlikely to cut rates further this month.The US central bank will provide its usual update on its members' expectations for inflation and growth next year.But unless something dramatic changes about the Fed's language, today's report is unlikely to move markets much.

Before the Fed decision we also get the latest consumer price inflation data for the US.Core inflation - the Fed's preferred measure - is expected to come in at an annual rate of 2.3%.That's just above the Fed's target of 2%.While the central bank will be relieved to see solid inflation as this makes it easier to inflate away America's debt burden it's another good reason to expect no further interest rate cuts in the near future.

Subscribe to MoneyWeek

Become a smarter, better informed investor with MoneyWeek.
Advertisement

Recommended

Visit/519858/how-long-can-the-good-times-roll
Economy

How long can the good times roll?

Despite all the doom and gloom that has dominated our headlines for most of 2019, Britain and most of the rest of the developing world is currently en…
19 Dec 2019
Visit/economy/600632/money-minute-friday-17-january-uk-weakness-likely-to-continue
Economy

Money Minute Friday 17 January: UK weakness likely to continue

Today's Money Minute previews UK retail sales figures the UK, inflation data from Europe and industrial production from the US.
17 Jan 2020
Visit/economy/600633/welcome-to-moneyweeks-new-website
Economy

Welcome to MoneyWeek's new website

MoneyWeek's executive editor John Stepek welcomes you to the revamped website, and explains what's changed.
15 Jan 2020
Visit/520598/money-minute-thursday-16-january-a-batch-of-company-results
Economy

Money Minute Thursday 16 January: a batch of company results

Today's Money Minute looks ahead to results from a host of UK companies, plus the latest unemployment figures from the US.
15 Jan 2020

Most Popular

Visit/economy/600632/money-minute-friday-17-january-uk-weakness-likely-to-continue
Economy

Money Minute Friday 17 January: UK weakness likely to continue

Today's Money Minute previews UK retail sales figures the UK, inflation data from Europe and industrial production from the US.
17 Jan 2020
Visit/520525/currency-corner-how-high-can-the-pound-go-against-the-euro-in-2020
Currencies

Currency Corner: how high can the pound go against the euro in 2020?

In the month in which we should finally leave the European Union, Dominic Frisby takes a look at the pound vs the euro and asks just how high sterling…
13 Jan 2020
Visit/investments/property/house-prices/600638/uk-house-prices-may-be-heading-for-a-boris-bounce
House prices

UK house prices may be heading for a Boris bounce

The latest survey of estate agents and surveyors from the Royal Institution of Chartered Surveyors is "unambiguously positive" – suggesting house pric…
16 Jan 2020
Visit/investments/stocks-and-shares/share-tips/600636/class-acts-going-cheap-buy-into-europes-best
Share tips

Class acts going cheap: buy into Europe’s best bargains

Value investing appears to be making a comeback, while shares on this side of the Atlantic are more appealing on metrics such as price/earnings ratios…
16 Jan 2020