The Federal Reserve has a lot of balls in the air.
This week, we’ll hear from Fed officials for the first time since the collapse of Silicon Valley Bank and Signature Bank, the sale of Credit Suisse and the lifeline extended to First Republic. The big question is what they’ll do next. A policy rate announcement is expected on Wednesday along with new economic projections, and Federal Reserve Chair Jerome Powell will face the press to answer questions.
“Addressing stress in the banking system is the most immediate concern and must take priority over other less urgent goals for the moment.” At the same time, inflation remains well above the central bank’s goal of 2%, economic data continues to show labor market strength and consumer spending resilience, and Fed officials have signaled their intent to tighten monetary policy aggressively until price hikes ease.
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.
What’s at stake for stocks, bonds as Federal Reserve weighs bank chaos against inflation fightMarkets may be in a vulnerable position ahead of the Federal Reserve’s meeting this week, as traders bet the banking crisis could lead to interest-rate cuts...
Lire la suite »
Elizabeth Warren: Jerome Powell has ‘failed’ as Federal Reserve chairSen. Warren on Federal Reserve Chair Jerome Powell: 'He has had two jobs. One is to deal with monetary policy. One is to deal with regulation. He has failed at both.'
Lire la suite »
Sen. Warren calls for probe of Federal Reserve System after SVB implosionWarren called for an independent investigation of the Fed and the “whole regulatory system,” and demanded the reversal of the weakened oversight system amid the collapse of two US banks…
Lire la suite »
Gold Price Forecast: XAU/USD retreats towards $1,960 as yields rebound, Federal Reserve eyedGold price (XAU/USD) takes offers from the Year-To-Date (YTD) high while targeting the previous resistance surrounding $1,960, near $1,976 by the pres
Lire la suite »
Jerome Powell on the horns of dilemma of the Federal Reserve's own makingAhead of the FOMC's interest rate decision, Federal Reserve chief Powell faces a banking crisis and the need to tackle high inflation.
Lire la suite »
Federal Reserve sounded alarm about Silicon Valley Bank's risk management in 2019: reportThe Federal Reserve reportedly issued multiple warning about Silicon Valley Bank's risk management starting at least four years before the bank's implosion.
Lire la suite »