JUST IN: Federal Reserve Chair Jerome Powell vowed to fight inflation 'forcefully,' as he weighs whether a large rate increase will be necessary at the central bank's meeting next month.
August 26, 2022, 10:24 AMIn this file photo taken on July 27, 2022 Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, D.C.Federal Reserve Chair Jerome Powell vowed to fight inflation "forcefully" in remarks on Friday at the central bank's annual summer gathering in Jackson Hole, Wyoming.
Powell acknowledged that further rate increases will "bring some pain to households and business" but said persistent elevated inflation threatens even worse pain. July's consumer price index, or CPI, rose 8.5% over the past year, a marked slowdown from a 9.1% year-over-year rate measured in June, the bureau said.
Fed officials have signaled in recent days that the central bank intends to continue a series of rate hikes, aiming to bring inflation back down to its target of 2%.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bitcoin price taps $21.3K ahead of Fed Chair Powell Jackson Hole speechTense times for Bitcoin markets ahead of fresh comments from Fed Chair Jerome Powell.
Lire la suite »
The market believes the Fed has ditched its 'pedal to the metal' tightening approachThree of the five lightest volume days of the year have occurred in the past week, so don't strain too hard to explain which direction the market is moving
Lire la suite »
EUR/USD Latest: Russian Gas Shock and a Hawkish Fed Weigh on the EuroThe euro has suffered one of its worst years in recent decades (so far), trading down more than 12% since the start of the year which has seen the EUR/USD not only reach parity but trade below it too. Get your market update from RichardSnowFX here:
Lire la suite »
EUR/USD sideways, supported by 0.9950 ahead of Fed Chair Powell’s speechThe EUR/USD is moving without a clear direction on Thursday ahead of a key speech from Jerome Powell at the Jackson Hole symposium. The pair failed to
Lire la suite »
South African Rand Price Forecast: Fed Chair has USD/ZAR Treading CarefullyThe South African rand has been relatively quiet this week despite some volatile periods scattered throughout. Get your market update from WVenketas here:
Lire la suite »