Federal Reserve Chairman Jerome Powell, on the second day of his semi-annual testimony before the US Congress, said rising energy prices will spill over into the US economy, and subsequently there will be upward pressure on the inflation for a while. Reuters reported. Additional statements: “We could see people holding back spending in the United […]
Tag: Inflation
The nightmare of stagnant inflation
The German-language press comments on the economic and diplomatic aspects of the war in Ukraine. FAZ is ringing the alarm bell for the European economy. “Stagnant inflation” is the title of her comment Frankfurter Allgemeine Zeitung (FAZ) reviving memories of the oil crisis of the 1970s and warning of an explosive mix of galloping inflation […]
Wage growth at 4.5% will boost inflation and create conditions for rate hikes
Wage growth needs to be “around 4%” to drive inflation sustainably within the central bank’s target range, which will create the conditions for interest rates to riseReserve Bank of Australia (RBA) board member and academic Ian Harper said in an interview with MNI on Thursday. Featured Comments “Wage growth of around 4% should create 1.5% […]
Shock forecasts for inflation at 7%
Of Tasos Dasopoulos The General Consumer Price Index sets a target for a new high for February, as new increases in fuel prices are added to the range of foods on which they first appeared in January. Based on the data available to YPOIK, the increases in January were a first wave, which will be […]
Forex Today – Asian Session: Markets regain their optimism, but will it last?
What you should take care of on Thursday, March 3: Financial markets ignored the fears, at least temporarily at the end of Wednesday. Dollar demand retreated, though the day ended mixed across the board. It was quite a busy day, with inflation-related concerns temporarily returning to the table. The EU released its preliminary CPI estimate […]
We think we should participate in a series of rate hikes and let our balance sheet shrink
Fed Chairman Jerome Powell speaking before Congress on the first day of his semi-annual testimony, he said we believe we should engage in a series of rate hikes and let our balance sheet shrink, reported Reuters. Featured Statements “Supply-side constraints are much longer lasting than expected.” “Throughout this year, markets have reacted appropriately to our […]
I expect a 25 bps rate hike in March, more hikes “in succession” than previously thought — Charles Evans
Chicago Fed President and FOMC member Charles Evans said on Wednesday that it expects a 25bp rate hike in March followed by more “successive” rate hikes than previously thought, reported Reuters. Featured Statements “Four rate hikes were expected in December in 2022; since then inflation has been more intense than expected.” “Later this year, we […]
The bank is willing to take the necessary steps to ensure price stability — Philip Lane
The chief economist of the European Central Bank, Philip Lane, He said on Wednesday that the central bank is ready to take the necessary measures to fulfill its responsibilities to ensure that price stability and financial stability are maintained in the euro area, reported Reuters. Featured Statements “The medium-term orientation allows for inevitable short-term deviations […]
Inflation is extremely high, monetary policy must be adjusted
The Chicago Fed President Charles Evanssaid on Wednesday that US inflation is extremely high and that must be addressed by monetary policy for sure, Reuters reported. “We will continue to see strong labor markets,” Evans continued, “and we will have to adjust monetary policy to deal with high pricesas inflation currently represents a major risk […]
March Rate Hike Is Appropriate
The chairman of the Fed, Jerome Powellin previewing his opening remarks in Wednesday’s testimony before the US Congress, said that expects it to be appropriate to raise interest rates at the next meeting in March. Powell noted that the Fed is monitoring the situation in Ukrainewhose impact on the US economy is “highly uncertain”. The […]