1 · Bank of England defies Fed’s rate-hike lead, leaving rates unchanged
The Bank of England kept rates steady Thursday, even after U.K. inflation rose to 3.1% and energy costs put pressure on prices.
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The Bank of England kept rates steady Thursday, even after U.K. inflation rose to 3.1% and energy costs put pressure on prices.
In a widely anticipated move, the Fed raised the overnight funds rate by a quarter percentage point and signaled another hike could come this year.
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Oil prices fell as additional Saudi crude supplies eased concerns over disruptions to the kingdom’s exports.
The Federal Reserve raised interest rates for the first time since 2023.
Rates are held for the sixth time in a row but the Bank of England says high energy prices make a future rise more likely.
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CNBC spoke with several investors who said the Fed decision is also a catalyst to reposition portfolios.
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Citadel Securities and JPMorgan traders think investors may be mistaken dipping back into stocks at this point.
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