Powell expects further increases even as some indicators show signs of softening. As part of its effort to cool down the economy, the Federal Reserve ratcheted up rates on Wednesday. By the time of its next policy-setting meeting in September, temperatures could be a lot lower. Fed policymakers raised their target range on overnight rates […]
Chair Jerome H. Powell said Fed officials believe the economy is strong the labor market is close to full employment and it’s time to tackle inflation. Well, the first FOMC meeting is officially in the books, Chairman Jerome Powell held the much-anticipated conference at 2 pm today and answered questions from reporters shortly after. […]
FRBSF Economic Letter 2021-08 | March 22, 2021 | Research from the Federal Reserve Bank of San Francisco Disagreement among economic forecasters about the outlook for inflation in both the United States and the euro area has increased since the onset of the pandemic. The nature of these forecast differences can provide insights into the […]
The Fed could be a source of market volatility as Powell and others speak in the week ahead. Fed Chairman Jerome Powell testifies before Congress twice this week, and a dozen other Fed speeches are slated for next week. Personal consumption expenditures inflation data will be released at the end of the week. It’s […]
March 4, 2021 Indices Around The Globe S&P 500 Futures moved below 3,780 for the first time since late January, down 1.25% for the trading session. UK’s FTSE 100 down 0.37% to near 6,650 Japan’s Nikkei 225 down 2.13% to near 28,930 Bonds 10-year treasury yield at 1.55% Commodities Crude oil up 4.72% to near $64.17/barrel, […]
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