Persistently high inflation is causing a split among Federal Reserve officials over next steps
The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes beginning in March 2022. Many Fed watchers have expected the central bank’s officials to forgo another increase in their benchmark rate when they next meet in mid-June. Yet recent warnings from several of the officials about the continuing threat from high inflation suggest that that outcome is far from certain. On Thursday, Lorie Logan, president of the Federal Reserve ... (full story)
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post at 11:12am: BOC'S GOV. MACKLEM: I EXPECT INFLATION TO CONTINUE COMING DOWN IN LINE WITH FORECASTS. post at 11:13am: BoC’s Macklem: April CPI Data Were Stronger Than Expected, Food Price Inflation Much Too High post at 11:14am: BoC’s Macklem: Using Pause to See Whether We’ve Raised Rates Enough post at 11:15am: BOC'S GOV. MACKLEM: THE JUNE RATE DECISION WILL BE GUIDED BY ECONOMIC DATA. post at 11:16am: BoC’s Macklem: Far Too Early to Be Thinking of Interest Rate Cuts
Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers answer reporters’ questions following the release of the Financial System Review.
Natural-gas futures climbed sharply Thursday after the U.S. Energy Information Administration reported on a slightly smaller-than-expected weekly rise in domestic natural-gas ...
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BOJ Governor Kazuo Ueda has repeatedly said that there are no changes to monetary policy planned for now, but the data line up is showing a different picture. The BOJ announced it ...
Turkey’s gross foreign exchange reserves posted a record fall in the week before Sunday’s inconclusive elections, as the central bank expanded efforts to support the lira. The ...
post at 1:28pm: *McHenry: Nothing Close to Being Done on Debt Ceiling Talks