The president of the branch of St. Louis Federal Reserve’s James Bullard said Thursday that he expects high inflation to prove more persistent than many expect and that interest rates at their current levels may not be high enough to begin to reverse the upward trend in prices. In an interview with US network CNBC […]
Tag: Fed interest rates
Fed: Economists predict interest rate hike of 50 bp. in September – Recession fears grow
The U.S. Federal Reserve will raise interest rates by 50 basis points in September amid expectations of a peak in inflation but also escalating concerns about an economic downturn, economists in a Reuters poll estimated, who argued that the risks to the economy point towards a higher peak of inflationary pressures. Inflation is still hovering […]
Barkin (Fed): ‘Long time’ until next rate decision in September
Federal Reserve officials have “still a lot of time” before they need to decide on the exact rate of the next key rate hike at their Sept. 20-21 meeting, the Fed’s Richmond president said. , Thomas Barkin, on Friday, according to Reuters. With an unusually long gap between two meetings, the US central bank will […]
Daly (Fed): A rate hike of 50 or 75 bps makes sense. in September
San Francisco Federal Reserve Bank President Mary Daly said today that an increase in US interest rates by 50 basis points, or 75 bp. at the next meeting in September it would be a “sensible” move to drive short-term borrowing costs slightly above the 3% level by the end of 2022 and slightly higher than […]
Fed: Interest rates at ‘restrictive levels’ to control inflation
Federal Reserve officials reiterated last month that future rate hikes would be shaped by the evolution of incoming data, with some noting that rates would need to remain at “sufficiently restrictive levels” for “some time” in order to to control inflation, according to the minutes of the July meeting (26-27) published today. Central bankers admitted […]
Kashkari: The Fed still has a long way to go before declaring victory over inflation
A slowdown in the consumer price index in July is an early sign that inflation is starting to move in the right direction, but the Federal Reserve is still a long way from marking its victory over inflation, the Fed’s chairman said on Wednesday of the Federal Reserve Bank of Minneapolis, Neel Kashkari; While the […]
Daly (FED): The inflation battle is far from over
San Francisco Fed President Mary Daly said a 50-basis-point rate hike is not locked in at the U.S. central bank’s next meeting, saying the U.S. Federal Reserve is “far from done yet.” with the reduction in inflation, as reported by Bloomberg. “Absolutely — and we have to be data-driven,” Daly said on CBS’ “Face the […]
Bowman (FED): To consider more rate hikes of 75 bp.
The U.S. Federal Reserve should consider more interest rate hikes of 75 basis points in upcoming meetings to reduce high inflation back to the central bank’s target, Fed Chair Michelle Bowman said on Saturday, according to Reuters. “I supported the Federal Open Market Committee’s (FOMC) decision last week to raise the federal funds rate by […]
Barkin: Fed will do whatever it takes to return inflation to 2% target
The Federal Reserve is committed to getting inflation under control and getting it back to its 2 percent target, Richmond Fed President Thomas Barkin said Wednesday, adding to a list of officials stressing the Fed’s determination to curb the rise in prices which are running at the fastest rate in four decades. “We are determined […]
US: Second consecutive rate hike of 75 basis points by the Federal Reserve
The Federal Reserve hiked its interest rates by another 75 basis points today, confirming analysts’ estimates, with the central bank taking another decisive step towards bringing inflation back closer to its 2% target. Today’s decision to increase interest rates by 75 bp. at 2.25% to 2.5% it was unanimous. In June, the Fed surprised analysts […]