Inflation is too high to be considered transitory. Prices in the United States increased 7% in 2021, the largest increase in almost 40 years. Remember: The Fed’s inflation target is 2%, a fact that gets less attention than before, when the dovish and dovish trenders measured deviations in tenths of a percentage point. It is […]
Tag: Fed
Fed officials nod to March rate hike as inflation creates more noise
The governor of the Federal Reserve (Fed), Lael Brainard, became this Thursday the latest and most important official of the central bank to signal that interest rates will increase in March, to combat a inflation that is eroding the value of recent worker pay increases and putting officials in the political spotlight. The Fed “has […]
Fed would be open to more than three rate hikes this year if inflation worsens
Philadelphia Fed President Patrick Harker said he would currently support three interest rate hikes this year, starting in March, and would be open to more if inflation worsens. Consumer prices in the United States rose in December, with the largest annual increase in inflation in almost four decades, which has consolidated expectations that the Federal […]
US inflation rose 7% in 2021, the highest in 40 years
The inflation of the EE. UU. it rose by 7% in 2021, the highest figure in 40 years (1982), as reported by the US Bureau of Labor Statistics. This result has generated greater concern for US President Joe Biden, who promised to stop this inflationary spiral. However, he said that the data reveal that there […]
Companies in the US saw modest growth in late 2021, according to the Fed’s Beige Book
Updated on 01/12/2022 05:30 pm The US economy expanded at a modest rate through the end of last year, and companies said growth continues to be limited by supply chain disruptions and labor shortages, while prices exhibited a “solid growth”Showed a survey conducted by the Federal Reserve (Fed). “Although optimism remained high overall, several districts […]
Powell says U.S. economy can withstand monetary tightening, upswing omicron cases
The Federal Reserve’s (Fed) plans to tighten monetary policy this year should not weaken strong employment in an economy that “no longer need or want“The massive stimulus provided by the US central bank, said Fed Chairman Jerome Powell. In his testimony before the Senate Banking Committee, Powell stated that he expected the country to overcome […]
Fed: Powell is running for a second term with inflation as a priority
The president of the Federal Reserve (Fed) of the United States, Jerome Powell, ran on Tuesday for a second term at the helm, prioritizing the fight against high inflation, although this means putting less emphasis on the goal of full employment. Powell, who in 2018 acceded to the position at the proposal of the former […]
IMF: Fed rate hike will impact emerging economies
The International Monetary Fund (IMF) warned that possible increases in the benchmark interest rate of the Federal Reserve (Fed) from the US would impact emerging economies. It should be noted that since the beginning of the pandemic it has remained in the range of 0% – 0.25%. According to the international body, the advance of […]
Powell would face questioning at nomination hearing
On Tuesday, at the hearing on his nomination to continue four more years at the head of the central bank of the United States, Jerome Powell will be questioned about the most abrupt change that the Federal Reserve has undergone towards monetary adjustment in decades. While the 68-year-old Fed chairman enjoys widespread support from Democrats […]
Fed’s Powell pledges that inflation does not take hold in the US.
Updated on 01/10/2022 06:16 pm The president of the Federal Reserve (Fed), Jerome Powell, he vowed to “prevent further inflation from taking hold” in remarks prepared for a congressional hearing on Tuesday, where the high pace of price increases is likely to be a central theme. Powell did not explicitly mention the central bank’s plans […]