With the latest economic data pointing to a decline in overall annual inflation, debates will intensify within the Federal Reserve on how to move forward with its interest rate hikes. The 12-month Consumer Price Index (CPI) has remained above 7 percent every month since the beginning of the year. The Fed has pushed up its…
Slowing Inflation Metric Could Place Fed in Challenging Spot Regarding Further Rate Hikes
Fed’s Powell Crushes Pivot Hopes, Says ‘Very Premature’ to Think About Pause on Rate Hikes
Federal Reserve Chair Jerome Powell dashed investors’ hopes for a quick pivot away from restrictive monetary policy, saying during a press conference on Nov. 2 that it’s “very premature” for market participants to be thinking about the central bank hitting pause on rate hikes amid the risk that expectations of higher inflation become entrenched. In…
Fed’s Harker Says Rate Hikes Could Be ‘Well Above’ 4 Percent by Year End Amid ‘Disappointing Lack of Progress’
Philadelphia Federal Reserve President Patrick Harker on Thursday said he expects the central bank will raise interest rates to “well above” 4 percent this year in an effort to tame soaring and persistent inflation. Harker made the remarks during a speech at an event with the Greater Vineland Chamber of Commerce in Vineland, New Jersey, CNBC…
The Eurodollar Is What’s Happening—Not Quantitative Tightening or Rate Hikes
Commentary What is wreaking so much havoc all over the world? You’ve probably heard that the U.S. dollar is rising often precipitously, which means any currencies caught on the other side of it—frankly, all of them—are being swept into crisis. This isn’t the first time, either, because during the last eight years or so this…
LIVE 5 PM ET: Biden ‘Doing Well’ After Positive COVID-19 Test; ECB Hikes Rates, 1st in 11 Years | NTD Business
President Biden tested positive for COVID-19 today, but he assures Americans he’s doing well and getting work done. The European Central Bank is raising interest rates for the first time in over a decade, reversing years of loose monetary policy. HSBC bank could be the first-ever foreign lender to directly employ members of the Chinese Communist…
LIVE NOW: Biden ‘Doing Well’ After Positive COVID-19 Test; ECB Hikes Rates, 1st in 11 Years | NTD Business
President Joe Biden tested positive for COVID-19 Thursday, but he assures Americans he’s doing well and getting work done. The European Central Bank is raising interest rates for the first time in over a decade, reversing years of loose monetary policy. HSBC bank could be the first-ever foreign lender to directly employ members of the Chinese…
Biden ‘Doing Well’ After Positive COVID-19 Test; ECB Hikes Rates, 1st in 11 Years | NTD Business
President Joe Biden tested positive for COVID-19 Thursday, but he assures Americans he’s doing well and getting work done. The European Central Bank is raising interest rates for the first time in over a decade, reversing years of loose monetary policy. HSBC bank could be the first-ever foreign lender to directly employ members of the Chinese…
ECB Has Room for 2–3 Rate Hikes This Year, Says Kazaks
FRANKFURT—The European Central Bank should raise interest rates soon and has room for up to three hikes this year, ECB policymaker Martins Kazaks told Reuters, joining a chorus of policymakers calling for a swift exit from stimulus. The ECB has been rolling back support at a glacial pace for months but a surge in inflation…
Inflation and Rate Hikes Ahead: Bankers Cautious on the Economy
NEW YORK—Wall Street’s major banks and asset managers were cautious about the economy as they detailed how both consumers and institutional clients were struggling to deal with sky-high inflation and looming rate hikes. The big banks are reporting results at a time of surging inflation, which is leading to predictions that the Federal Reserve will…
Rate Hikes Jeopardize Much More Than Just American Home Ownership
Someone once said that you never actually “buy” a home. Instead, you merely commit to paying an annuity: the mortgage. That’s largely true. The price and “value” of homes for the overwhelming majority of homeowners is a function of home buyers’ ability to make payments. And with the Federal Reserve signaling further interest rate hikes,…
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