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Tag: Fed

Yellen agrees with Powell that labor market is now less inflationary

Yellen agrees with Powell that labor market is now less inflationary Yellen agrees with Powell that labor market is now less inflationary

Treasury Secretary Janet Yellen said the labor market is no longer driving inflation in the U.S. economy to the extent it did early in the pandemic recovery, in comments consistent with remarks made earlier by the president of the U.S. Treasury. Federal ReserveJerome Powell. The labor market was “initially very tight” during the post-pandemic rebound, […]

Fed: Powell acknowledges progress in inflation and relies on similar data to lower rates

Fed: Powell acknowledges progress in inflation and relies on similar data to lower rates Fed: Powell acknowledges progress in inflation and relies on similar data to lower rates

Federal Reserve Chairman, Jerome Powellwelcomed the recent inflation data on Tuesday and stated that if they continue to arrive good data It will become clearer when to lower interest rates. Powell said “more positive data“would strengthen confidence that inflation is falling toward the U.S. central bank’s 2% target and that recent readings point to”a modest […]

BCRP and Fed rate cuts are still uncertain

BCRP and Fed rate cuts are still uncertain BCRP and Fed rate cuts are still uncertain

Even though US inflation continues to decline, reaching 2.6% in May, that is, ever closer to its 2% target, Jerome Powell, chairman of the Federal Reserve (Fed), said that they would still need more evidence that this inflationary behavior is constant before cutting interest rates. The Central Reserve Bank of Peru (BCRP) also decided to […]

Powell: US inflation is easing, but Fed won’t cut rates yet

Powell: US inflation is easing, but Fed won’t cut rates yet Powell: US inflation is easing, but Fed won’t cut rates yet

U.S. inflation is slowing again after higher readings earlier this year, the head of the Federal Reserve said Tuesday. Federal Reserve (Fed), Jerome Powell, adding that more evidence of this kind would be needed before the Fed cuts interest rates. Following some reports of persistently high inflation in early 2024, he said Powellthe data for […]

Exchange rate closed June above S/3.83: How will it behave in the second part of the year?

Exchange rate closed June above S/3.83: How will it behave in the second part of the year? Exchange rate closed June above S/3.83: How will it behave in the second part of the year?

In the first half of 2024, the exchange rate showed a notable increase in the Peruvian market, going from S/3.66 in March to S/3.80 in June, mainly due to the depreciation of copper, they report from Washington Capital. For the second half of the year, it is expected that the Fed would reduce its interest […]

Fed examines 32 US banks that have more than $100 billion in assets

Fed examines 32 US banks that have more than $100 billion in assets Fed examines 32 US banks that have more than 0 billion in assets

The Federal Reserve American will publish this Wednesday, when the markets close, the annual results of the stress tests it has carried out on a total of 32 banksthose with more than US$100 billion in assets. The figure is higher than last year since, due to a regulation by the US regulator, banks with between […]

Fed officials call for more data, caution in cutting rates

Fed officials call for more data, caution in cutting rates Fed officials call for more data, caution in cutting rates

The president of the Bank of the Federal Reserve of New York, John Williams, said that the United States “is moving in the right direction” but declined to say when he would favor lowering interest rates. Williams He emphasized that any decision on the timing or extent of easing policy this year would depend on […]

Mester urges Fed to be clearer about its decisions and policies

Mester urges Fed to be clearer about its decisions and policies Mester urges Fed to be clearer about its decisions and policies

The Federal Reserve has transformed the way it communicates with the public in recent decades and Loretta Mester has had a front row seat. He has attended more than 200 central bank monetary policy meetings USAfirst as a staff member and, since 2014, as a policymaker at the table. Now, on the eve of his […]

Fed maintains its rates and Peru follows in its footsteps

Fed maintains its rates and Peru follows in its footsteps Fed maintains its rates and Peru follows in its footsteps

Horizon. United States Federal Reserve maintains the reference rate between 5.25% and 5.50%. Join the WhatsApp channel The United States Federal Reserve (Fed) announced that benchmark interest rates will not fall as soon or significantly as expected. Along these lines, it kept borrowing costs at their highest range in the last two decades, between 5.25% […]

Powell: there will be no rate reduction until we have “greater confidence” about inflation

Powell: there will be no rate reduction until we have “greater confidence” about inflation Powell: there will be no rate reduction until we have “greater confidence” about inflation

The president of the Federal ReserveJerome Powell assured this Wednesday at the end of the meeting that decides the course of US monetary policy that there will be no reduction in interest rates from the current level to “that there is no greater confidence that the inflation moves sustainably towards 2%”. Powell spoke after his […]

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