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[hfe_template id='11223'] [ad_1] Federal Reserve officials are widely expected to leave interest rates unchanged Wednesday as they await clarity on the Trump administration’s trade policies, a move likely to frustrate the president and anyone else seeking answers about the US central bank’s next move. An aggressive slew of tariffs on imported goods is denting consumer confidence, with households bracing for a potential spike in consumer prices and a weakening job market. Yet the latest data show inflation decelerated in March, while the unemployment rate remained steady in April. Bloomberg Fed officials have stressed in recent public comments that while uncertainty is unusually high, monetary policy is still in a good place to balance their goals of fostering maximum employment and stable prices.“Hard data is still holding up,” said Sarah House, senior US economist for Wells Fargo. “I think we’ll also hear that uncertainty is high in this environment, and they are ready ...

[hfe_template id='11223'] [ad_1] China left benchmark lending rates unchanged for a third consecutive month, as expected, as a weakening yuan has limited Beijing's monetary policy easing efforts. At the monthly fixing on Monday, the one-year loan prime rate (LPR) was kept at 3.1%, while the five-year LPR was unchanged at 3.6%. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages. In October 2024, Chinese lenders slashed lending benchmarks by bigger-than-expected margins to revive economic activity. WHY IT'S IMPORTANT China's economy hit the government's ambitions for 5% growth last year, effectively reducing the urgency for imminent monetary stimulus at a time the yuan currency is facing renewed depreciation pressure. Banks' narrowing interest rate margin also limits the scope for monetary easing. BY THE NUMBERS The one-year loan prime rate (LPR) was kept at 3.1%, whi...