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The world’s finance ministers and central bank governors will soon descend on Washington DC for the International Monetary Fund-World Bank spring meetings. They will fret about a ...
Collins expects inflation to return to 2% while the job market stays strong. Collins is committed to returning inflation to the Fed’s 2% target and expects this process to unfold over time, with the labor market remaining healthy. She notes that risks to the economy are two-sided (risks from cutting rates prematurely, as well as from waiting too long). Collins continues to expect it will be appropriate to begin easing policy later this year, but more time is needed to gather information instilling greater confidence that progress will continue. Policy decisions must be based on holistic data assessment, and the risks and uncertainties remain elevated. It may take longer to discern whether the economy is sustainably on a path back to 2% inflation, and thus less easing of policy this year than previously thought may be warranted. Monetary policy is currently well positioned for the requisite patient, methodical approach, and to manage the risks. Supply improvements have so far played a key role in rebalancing the post-pandemic economy. Improved supply chains, increased productivity, and growth in labor supply have resulted in better-than-anticipated outcomes in 2023. But we cannot count on these improvements to continue at the same pace, and demand growth will need to moderate to achieve further progress on inflation. The lower risk that conditions are overly tight supports taking a more patient approach to deciding when to ease. Economic activity has remained robust despite high interest rates. While this resilience is good news, it raises post: COLLINS: ECONOMIC STRENGTH MAY AUGER FEWER RATE CUTS post: FED'S COLLINS - RECENT DATA ARGUE AGAINST IMMINENT NEED TO CHANGE RATES post: FED'S COLLINS: MAY TAKE LONGER TO GET INFLATION BACK TO 2%.
The Big Mac index was created by The Economist magazine as an informal way of measuring the purchasing power parity between different countries and currencies. The idea is that in ...
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post: BOE’S GREENE: THE UK HAS SHOWN SIGNS OF COMING OUT OF RECESSION. post: BoE's Greene: UK Has Shown Signs Of Coming Out Of Recession - See Inflation Coming Down, Jobs Market Strong - UK Firms May Still Be Hording Labour After Covid - Expect To Hit Inflation Target In May Briefly - Easing Too Early Risks Future Tightening
Canada’s federal Finance Minister delivers her annual budget on April 16th. Nominal economic growth has been substantially stronger than the official outlook last Fall but the ...
The ECB took another step towards a rate cut in June, even though it does not want to pre-commit to any specific rate path. Financial markets took the message in a slight dovish ...
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- Posted: Apr 11, 2024 1:03pm
- Submitted by:Category: Medium Impact Breaking NewsComments: 0 / Views: 3,187
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