{"id":587809,"date":"2023-06-01T00:00:00","date_gmt":"2023-06-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/01\/fed-officials-suggest-they-could-pause-rate-hikes-this-month\/"},"modified":"2023-06-01T00:00:00","modified_gmt":"2023-06-01T00:00:00","slug":"fed-officials-suggest-they-could-pause-rate-hikes-this-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/01\/fed-officials-suggest-they-could-pause-rate-hikes-this-month\/","title":{"rendered":"Fed officials suggest they could pause rate hikes this month"},"content":{"rendered":"

<\/span>Fed could pause rate hikes in June: <\/span>Federal Reserve officials are hinting that the central bank <\/span>will keep rates unchanged for their upcoming meeting in two weeks before potentially raising them again at later meetings, <\/span>Reuters<\/a><\/span> reported. \u201cSkipping a rate hike at a coming meeting would allow the [Federal Open Market] Committee to see more data before making decisions about the extent of additional policy firming,\u201d Fed Governor Philip Jefferson said yesterday. <\/span><\/p>\n

Investors are expecting rate cuts later this year: <\/span>Following <\/span>April\u2019s inflation figures<\/a><\/span>investors<\/a><\/span>were expecting<\/a><\/span>the Fed to cut interest rates to 4.2% by the end of the year but have since revised their forecast to 4.7%.<\/span><\/p>\n

Spiking interest rates to cause wave of defaults in US, Europe -Deutsche:<\/span> Companies <\/span>across the US and Europe will soon be hit with a \u201cdefault wave\u201d that won\u2019t peak before 4Q 2024, according to a Deutsche Bank study picked up by <\/span>Reuters<\/a><\/span>. At its peak, default rates are expected to hit 9% for US high-yield debt, 11% for US loans, and 7% for European loans, mainly driven by the aggressive monetary tightening cycles adopted by many central banks in efforts to curb soaring inflation.<\/span><\/p>\n

ALSO WORTH NOTING-<\/span><\/p>\n