Fed’s Collins FOMC member Susan Collins is speaking and says: “Optimistic” inflation can fall with only a “modest” rise in unemployment, sees a “widened” pathway to that outcome. Current policymaking requires “considerable” patience to get the right signal from data. Despite “encouraging” recent data, inflation remains too high. Key elements of inflation, such as core
Share: Further interest rate increases will likely be appropriate, with inflation still being too high, Federal Reserve Governor Michelle Bowman said on Friday, per Reuters. Key quotes “Fed policy will need to be held at a restrictive level for some time to return inflation to 2% ‘in a timely way.” “Continued risk of a
Share: EUR/USD is approaching 1.06. Economists at Commerzbank analyze the pair’s outlook. Interest rate cuts could become concretely apparent in the US In the medium term, we expect the Fed to lower its key rate again next year as the US economy cools. At the same time, the ECB is likely to keep
Share: Next week, markets will continue to digest the outcomes of recent central bank meetings. Additionally, market participants will closely monitor the release of economic data, with a particular focus on inflation figures from the Eurozone and the US Core Personal Consumption Expenditure (PCE) index. Here is what you need to know for
A second Fed governor is speaking. FOMC member Bowman is on the wires saying: Further interest rate increases likely appropriate with inflation “still too high.” Fed policy will need to be held at a restrictive level “for some time” to return inflation to 2% “in a timely way.” Continued risk of further increase in energy
Share: Gold price trades sideways as uncertainty about the interest rate outlook persists. The Fed kept interest rates unchanged but left doors open for further policy tightening. Unlike other G7 economies, the US remains resilient on the grounds of a strong labor market and upbeat consumer spending. Gold price (XAU/USD) struggles to find
© Reuters. The US Federal Reserve’s decision to maintain interest rates at the 5.25%-5.50% range during its monetary policy meeting on Wednesday, September 20, 2023, has had global impacts. The Fed’s hawkish stance towards monetary policy, aimed at curbing inflation without causing significant job losses or economic downturns, has led to a strengthening of the
European Central Bank (ECB) Chief Economist Phillip Lane said early Friday, “inflation over 2% is costly for the economy.” Additional quotes Central b لینک منبع : هوشمند نیوز
European Central Bank chief economist Lane spoke earlier: Now in Q&A Central banks try to hit inflation in the medium term Inflation over 2% is costly for the economy Says won’t be speculating on future European Central Bank policy moves the most efficient wat to tighten monetary policy is via interest rates — EUR/USD is
© Reuters. Mark Rosen, former U.S. representative to the International Monetary Fund (IMF), has endorsed the idea of Argentina adopting the U.S. dollar as its official currency to combat soaring inflation rates, a move that has been widely criticized by mainstream figures. Rosen, who served on the IMF’s executive board from 2019 to 2021, expressed
