Some large U.S. bond investors said on Wednesday they believe the Federal Reserve has reached a peak in its interest rate hiking campaign, despite inflation heating up in August on the back of surging energy prices. U.S. consumer prices increased by the most in 14 months in August as the cost of gasoline rose, a report from the Labor Department showed on Wednesday, though the annual rise in underlying inflation was the smallest in nearly two years. Some bond fund managers, however, believe it is only a matter of time until the 525 basis points of rate increases the Fed has already delivered take their toll on consumer prices.
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingSpirit Airlines and American Airlines slash their third-quarter outlooks over rising jet fuel prices. Cyberattacks have left Las Vegas casinos and hotels like MGM Grand limiting their daily operations 3M shares slide after lowering sales guidance on China's slower-than-expected economic recovery.
WASHINGTON — The nation's biggest technology executives on Wednesday loosely endorsed the idea of government regulations for artificial intelligence at an unusual closed-door meeting in the U.S. Senate. But there is little consensus on what regulation would look like, and the political path for legislation is difficult.
PARAMARIBO, Suriname — Suriname for the first time in its history will see offshore oil drilling in its waters after French company TotalEnergies on Wednesday announced a $9 billion project expected to boost the impoverished country’s economy and ease austerity measures imposed by the International Monetary Fund.
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.
Fed gets an August inflation curveball to keep hikes aliveFederal Reserve officials hoping for evidence of a clear decline in inflation and a slowing economy got some of each from data since their last meeting, but likely not enough of either to downplay the possible need for further rate increases later this year. Overall consumer prices rose month-over-month at the fastest pace in 14 months in August, and while that was driven largely by volatile energy costs, a measure of underlying inflation also accelerated unexpectedly. While economists believe inflation trends are still moving in the Fed's favor, August represented the sort of surprise that would keep officials leaning towards at least one additional rate increase to be reflected in new economic projections at the end of their upcoming Sept. 19-20 meeting.
Lire la suite »
Fed gets an August inflation curveball to keep hikes aliveBy Howard Schneider WASHINGTON (Reuters) - Federal Reserve officials hoping for evidence of a clear decline in inflation and a slowing economy got some ...
Lire la suite »
Fed gets an August inflation curveball to keep hikes aliveKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Lire la suite »
Here Are the Takeaways From US CPI Report for AugustHere are the key takeaways from the US CPI report for August released Wednesday:
Lire la suite »
3 officials sworn in at Federal Reserve, as governing board reaches full strengthWASHINGTON (AP) — Federal Reserve Chair Jerome Powell swore in three members of the central bank's governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank's first Latina governor. The officials, all appointed by President Joe Biden, aren't expected to alter the Fed's policies in the near term, as most economists expect the Fed to keep its key interest rate unchanged at its next meeting Sept. 19-20. Yet the Fed could lift it
Lire la suite »
Sharply higher gas prices pushed up U.S. inflation in August, yet underlying price measures cooledA spike in gas prices pushed up U.S. inflation in August, yet most other costs rose at a more modest pace, evidence that consumer price increases overall are still cooling.
Lire la suite »