The inflation looks set to slow further this year, but the central bank’s battle to reach its 2% target “could be a long fight” if monetary policy remains tighter for longer than expected, the governor of the Federal ReserveChristopher Waller. “There are signs that food, energy and housing prices will moderate this year”Waller said Wednesday […]
Tag: Fed
Slowing inflation will tell when to pause, says Fed’s Bostic
Here is a partial transcript of the highlights: Q. What was your takeaway from the strong jobs report? Bostic: “It was much bigger than I expected. The truth is that I looked twice when I saw the figure, because no one in the projection field had thought of this. And when we talked to our […]
Powell insists that it is necessary to continue raising interest rates
The Chairman of the Federal Reserve (fed) US, Jerome Powellinsisted on Tuesday that it will be necessary to continue raising interest rates for a while since the “disinflation” process has only just begun and “has a long way to go.” “We think we’ll need to raise rates further, as we said, and we think we’ll […]
Fed’s Kashkari maintains rate hike expectations at 5.4% after jobs report
Minneapolis Federal Reserve Chairman Neel Kashkari said Tuesday that the Federal Reserve will likely have to raise interest rates to at least 5.4% to control inflation, as the latest jobs report for January shows that Measures taken so far have done little to dent the labor market. “I think it has surprised us all”, Kashkari […]
ECB and Fed differ on the final stretch of rate hikes, according to experts
The last decisions of European Central Bank (ECB) and of the Federal Reserve (Fed) of the United States reflect, according to experts, the divergences of both institutions in what they interpret as the final stretch of the tightening of their monetary policies to subdue inflation. The ECB executed its fifth rate hike (half a point) […]
Fed’s Daly sees need for higher rates, possibly above 5.1%
The president of the Federal Reserve of San Francisco, Mary Daly, said that the terminal interest rate of 5.1% that most Fed officials estimated in December is a “good indicator” about where monetary policy is headed, but that the central bank could raise rates further. “I’m willing to take her more than that, if more […]
Central banks must maintain a “higher for longer” rate approach, according to the IMF
Central banks around the world need to make clear to financial markets the likely need for interest rates to stay higher for longer to sustainably return inflation to target and avoid a rebound in pressures. on prices, the International Monetary Fund said on Thursday. The warning has been issued against a backdrop of significantly loosening […]
FED raises the interest rate in line with expectations
The US Federal Reserve announced the eighth consecutive increase in interest rates as a measure to combat inflation. The United States Federal Reserve (FED) announced this Wednesday, February 1, 2023 the eighth consecutive increase in interest rates, a rise of 0.25 points, which confirms a slowdown in increases. With this increase, less than the previous […]
Fed opts for a slight rate hike, but still expects to continue with restrictive policy
The Federal Reserve The United States raised its target interest rate by a quarter of a percentage point on Wednesday, February 1, but continued to promise “continued increases” in borrowing costs as part of its unresolved battle against inflation. “Inflation has come down a bit, but it’s still high,” said the central bank of USA […]
Price of the dollar today in Mexico: what is the exchange rate at this Tuesday, January 31?
The price of dollar in Mexico trades in the early hours of Tuesday to the downside, while the investors eyes are set on monetary policy decisions by the Federal Reserve, the European Central Bank and the Bank of England over the course of the week. The exchange rate is listed at 18,774 pesos per dollar, […]