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Fed's Collins: Baseline Outlook Doesn’t Hold For ‘Significant Economic Downturn’ - Modest Increase In Unemployment Would Not Be Surprising
Fed's Collins: Baseline Outlook Doesn’t Hold For ‘Significant Economic Downturn’
— LiveSquawk (@LiveSquawk) May 25, 2023
- Modest Increase In Unemployment Would Not Be Surprising
- Decline In Inflation Has Been Slower Than Expected
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post at 11:31am: ECB'S KNOT: WE NEED RATE HIKES IN JUNE AND JULY AND OPEN MINDED ON SEPTEMBER. post at 11:31am: ECB'S KNOT: THE ECB WILL MAINTAIN RATES AT PEAK FOR CONSIDERABLE AMOUNT OF TIME. post at 11:32am: ECB'S KNOT: THERE IS NO INDICATION THAT UNDERLYING INFLATION IS ABATING.Interest rates will stay high for 'quite a long time,' warns Bank of the Netherlands president Industrial production in the euro zone is contracting and raw materials are cheaper than a year ago. Do you think high inflation can persist? The outlook for inflation is very uncertain, but we are currently seeing second-round effects. Energy prices have trickled down to other items in the “shopping basket”. Core inflation is currently our main concern and it is not yet showing signs of slowing down, especially in the services sector. Admittedly, manufacturing activity seems to be shrinking. But so far we are not seeing a slowdown in the services sector. Most services are labor intensive and wage developments are clearly one of the main upside risks to the inflation outlook.
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- Posted: May 25, 2023 11:01am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 1,584