- Fed maintains federal funds rate at 3.50-3.75%, unchanged from March
- Inflation elevated, driven partly by higher global energy prices; dual mandate risks noted
- Two dissenters favored a 25bps cut; three opposed easing bias in statement
April 29, 2026
– 2
Central Banks 1
Companies 1
- PRA proposes raising capital requirements for funded reinsurance from 2-4% to ~10% of annuity liabilities to address regulatory inconsistency
- Current £40bn exposure to funded reinsurance seen as rising rapidly, posing solvency risks under stress scenarios
- Proposals aim to reduce incentives for offshore reinsurance, shifting capital toward direct UK investments
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