inflation in USA It continues to slow and, in March, registered a rate of 5%, its lowest level since May 2021, according to the Bureau of Labor Statistics (BLS, in English). The data for the third month is one point lower than that detected in February, which strengthens the slowdown in inflation after reaching 9.1% […]
Tag: Fed
Daly sees “good reasons” to tighten monetary policy or pause
The president of the San Francisco Federal Reserve, Mary Daly, said Wednesday that while the strength of the US economy, the rigidity of the labor market and very high inflation suggest that there is “more work to be done” in terms of the Fed rate hikes, other factors, such as tightening credit conditions, could call […]
Fed’s Barkin Still Expecting Inflation to ‘Crack’
The Federal Reserve has more work to do to bring inflation back to its 2% target as the latest data on price pressures is not weak enough, Richmond-based Fed Chairman Thomas Barkin said Wednesday. . His comments came shortly after a key government report showed that US consumer prices barely rose in March as gasoline […]
US Treasury yields rise on expectations of Fed rate hike
The returns on Treasury bonds USA rose on Monday in thin trading as investors continued to bet on a 25 basis point rate hike from the Federal Reserve in your meeting of monetary politics next month, following a US jobs report that offset other weak economic data. Volume was light as many European markets, including […]
Fed returns to focus on labor market, with less financial risks and high inflation
Federal Reserve officials who are hoping slower US job growth will help them in their fight to curb high inflation will get essential data on jobs and wages on Friday, in the last batch of data before their next decision on interest rates at the beginning of May. Economists anticipate what, from the Fed’s perspective, […]
NY Fed: rate policy depends on uncertainty in financial conditions
The president of the Federal Reserve Bank of New York, John Williams, said on Friday that the uncertain evolution of financial conditions will be a key factor in his reflection on the future of the central bank’s interest rate policy. “The economic outlook is uncertain and our policy decisions will be driven by data and […]
Wells Fargo fined $98 million for violating US sanctions
US bank Wells Fargo agreed on Thursday to pay a nearly $98 million fine to US authorities for allegedly violating its sanctions against Iran, Syria and Sudan. The fine is the result of adding the sanction of the Federal Reserve (US$ 67.8 million) and the one imposed by the Office of Financial Assets Control of […]
Fed’s Bullard: ‘Swift’ US response to banking stress keeps focus on inflation
US regulators’ response to the banking stress was strong and fast enough to contain the damage and allow the Federal Reserve’s interest rate policy to continue to focus on inflation, said the president of the bank in St. Louis, James Bullard. Measures such as a new line of bank credit for the fed were approved […]
Central banks stick to rate hikes with an eye on market turmoil
Global central banks must juggle the need to control inflation through higher interest rates and calm market jitters amid banking sector turmoil, which has revived memories of the 2008 global financial crisis. . After the Federal Reserve delivered a modest 25 basis point rate hike on Wednesday, the central banks of Switzerland, Norway and the […]
Fed raises its reference rate by 0.25%
The US Federal Reserve (Fed) announced yesterday Wednesday an interest rate hike of 0.25 points to place them between 4.75% and 5%, amid the crisis caused by the unexpected collapse of two main banks in the country and the rescue of a third. This is the ninth rate hike in a year to combat inflation, […]