The Fed's Loretta Mester said she will support an increase in the Fed’s benchmark short-term rate in March — “barring an unexpected turn in the economy.”
The Federal Reserve should raise interest rates more aggressively than it did in the 2007-’09 Great Recession to stamp out the highest U.S. inflation in 40 years, the president of the Cleveland Federal Reserve said Thursday.
Mester offered few new details on asset sales, however, and said the Fed would have to tread cautiously to avoid causing dislocation in financial markets. Mester said she expects inflation, now at a 40-year high of 7.5%, to run above the Fed’s 2% goal this year and next.
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 extends decline below $42K ahead of fresh Fed comments on inflationBitcoin follows stocks downhill with BTC under $42,000 thanks to Fed worries and geopolitics.
Lire la suite »
Bitcoin briefly dips below $43K as Fed says rate hike ‘soon appropriate’Hodlers are getting fed up. Bitcoin dips below $43K as the Federal Reserve continues to tease rate hikes. (Reporting via WilliamSuberg)
Lire la suite »
White House says Republicans shouldn't block Fed nominees amid inflationThe White House ripped Senate Republicans boycotting committee hearings for President JoeBiden's Federal Reserve picks amid 40-year-high consumer price hikes.
Lire la suite »
Treasury yields fall as investors digest Fed update and monitor Russia-Ukraine crisisTreasury yields fell on Thursday morning, as investors digested the latest Fed meeting minutes and monitored developments on the Russia-Ukraine crisis.
Lire la suite »
Gold Price Forecast: XAU/USD to reach $1,950 by end-2022 in Fed becomes dovish – UBSGold has reached its highest level since June 2021. Economists at UBS stick to their forecast of $1,650 by year-end but in the upside scenario, XAU/US
Lire la suite »
Fed: Faster rate hikes are likely if inflation stays highFederal Reserve policymakers concluded last month that they would accelerate their tightening of credit if inflation failed to slow in the coming months.
Lire la suite »