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Fed governors stake out competing views of inflation risk
Two Federal Reserve governors on Wednesday laid out competing visions of where U.S. monetary policy may be heading, with one citing ongoing concerns about inflation and another expressing confidence that price pressures will continue to ease. The separate speeches by Michelle Bowman and Lisa Cook show the set of concerns central bank officials will be weighing as they decide whether to approve another quarter-percentage-point reduction in the benchmark policy rate at their Dec. 17-18 meeting. Once seen as highly likely, investors now put just 55% odds on a rate cut next month. Recent data showing strong economic ... (full story)
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From wolfstreet.com|Nov 20, 2024The ECB’s own measure of wage increases, its index of “Negotiated Wages,” is based on collective bargaining agreements after they were negotiated between employers and ...
From litefinance.org|Nov 20, 2024The escalation of the conflict in Eastern Europe has rekindled investor interest in the seemingly forgotten Swiss franc. Taking advantage of its safe-haven status, it strengthened ...
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From youtube.com/skynews|Nov 20, 2024Inflation has risen by more than expected to 2.3%, above the 2.2% forecast by economists. Sky's Ed Conway breaks down the figures to explain why this may have happened.
From @Capital_Hungry|Nov 20, 2024|1 commentpost: FED’S COLLINS: DOESN’T WANT TO CUT RATES TOO QUICKLY post: FED’S COLLINS: SOME ADDITIONAL RATE CUTS ARE NEEDED AS POLICY IS STILL RESTRICTIVE. post: FED’S COLLINS: FINAL DESTINATION OF RATE CUTS IS UNCLEAR post: FED’S COLLINS: ANY FURTHER SLOWDOWN IN JOB MARKET IS UNDESIRABLE. post: FED’S COLLINS: RISKS TO THE OUTLOOK ARE ROUGHLY IN BALANCE.
From bostonfed.org|Nov 20, 2024Thank you, Dean Watkins-Hayes – Celeste – for such a warm welcome, or I should say, welcome back. Michigan’s Ford School is truly a special place, and it has been wonderful to be back on campus, here in Weill Hall, spending time with students, faculty and staff, including some dear friends, as well as many new faces. I have enjoyed learning about the exciting new developments and initiatives underway – and am thrilled, but not at all surprised, to see the Ford School continuing to thrive. So, thank you for hosting me – it is a pleasure to be here with you. Today, I’d like to share my perspectives on the U.S. economy and monetary policy, focusing more on where we are than how we got here, and offering some thoughts looking ahead. I also know that the Federal Reserve is a bit of a mystery to many people. So, I’ll take the opportunity, at the end of my remarks, to talk briefly about the Fed itself, and, focusing on the Boston Fed, will give some examples of the breadth of work we do in support of our mission and our mandate from Congress. Then, I look forward to your questions. post: Federal Reserve Bank of Boston President Susan Collins said more interest-rate cuts are needed, but policymakers should proceed carefully to avoid moving too quickly or too slowly. https://t.co/bgwdzasgYk
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- Posted: Nov 20, 2024 3:18pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,090
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