Tag Archives: inflation

Fed to lift rates by 75 basis points in July.  The Federal Reserve will deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September, and won’t scale back to quarter-percentage-point moves until November at the earliest, according to economists polled by Reuters. Last week the Fed hiked the federal funds rate by three-quarters of a …

Powell: I would say that 50 basis points will be on the table for the May. On Wednesday, Federal Reserve Chair Jerome Powell detailed his most aggressive strategy to containing inflation to yet, potentially supporting interest rate increases of two or more half percentage points and describing the labor market as hot. When it comes to robust demand, the Fed’s …

BOC Hike 50Bps and begins QT. The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%. The Bank is also ending reinvestment and will begin quantitative tightening (QT), effective April 25. Maturing Government of Canada bonds on the Bank’s balance sheet will no longer …

Fed’s Lael Brainard on Inflation and the Labor Market | Watch Live and summary. Previous commentary (newest on the top): Fed’s Brainard: B/Sheet Runoff Could Be Worth 2-3 Additional Rate Hikes Through Entire Course Of The Rundown Fed’s Brainard: To Be Very Cautious About Making Predictions, Says She Is Watching Core Inflation ‘Very Carefully’ Moderation In Core Inflations Will Give …

Week Ahead Market Update | April 2022 Week 14. The United States will have a busy week as earnings season begins and various data reports give critical updates on the American economic recovery and inflationary pressures. Traders will also closely monitor statements by numerous Fed officials for more information on the central bank’s intentions for the next FOMC meeting. JPMorgan …

Weak Ahead Market Upadate | March 2022 Week 11. With any fresh developments, Ukraine will still be in the spotlight. Others could be insignificant and irrelevant on this Weak Ahead Market Upadate. The virus continues to spread throughout Europe and Asia, investors will be keeping an eye on the Covid situation. Further hints about the direction of US monetary policy …

President Bullard Explains His Recent FOMC Dissent. The following is a statement by Federal Reserve Bank of St. Louis President Jim Bullard explaining his dissenting vote at the FOMC’s March 15-16, 2022, meeting: I dissented with the Federal Open Market Committee (FOMC) decision announced on March 16, 2022, to raise the target range for the federal funds rate by 25 …

Fed‘s Bullard: thinking is that quantitative easing has already drawn to a close that will end in march Fed’s Bullard: this is moment where we need to share to less accommodation Fed’s Bullard: we’re missing our inflation target by more than 300 bps Fed’s Bullard: markets have done a lot of pricing in already Fed’s Bullard: this is about first …

The Bank of England was one of the first of its developed market peers to raise interest rates in December. Money markets now expect the central bank to raise rates by 100 bps this year. MPC expected to raise rates for second straight month Bailey set to acknowledge squeeze on household finances BoE likely to signal further hikes ahead Currency markets didn’t pay attention to the latest developments in the political crisis in Britain over lockdown parties at Downing Street. Six Conservative MPs now say they want a vote of confidence in Prime Minister Boris Johnson’s leadership on Wednesday. …

On ‘transitory’ prices, could have used ‘maybe a better word’ Sees annualized monthly inflation at 2%-2.5% by year end U.S. Treasury Secretary Janet Yellen defended the size of the Biden administration’s stimulus package that many blame for fueling the fastest inflation in four decades, though she conceded that describing rising prices as “transitory” was a mistake. “You have to decide …