KANSAS CITY, Mo.— Inflation is at risk of growing entrenched in the economy due to an overheated job market, and that will make it increasingly difficult for the Federal Reserve to bring inflation down without a recession, a central bank official said in an interview. “I’m looking at a labor market that is so tight, […]
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A senior Federal Reserve official said recent inflation data offered some signs of reassurance that price pressures were no longer broadening and that the central bank could soon slow the pace of interest-rate rises. Fed Vice Chair Lael Brainard said previous rate increases, together with anticipated ones, will slow the economy in ways that can’t […]
Read MoreInflation eased last month to the slowest pace since January but remained high, which could keep Federal Reserve officials on track to start slowing the pace of interest-rate rises aimed at taming price pressures. The Labor Department on Thursday said that its consumer-price index increased 7.7% in October from the same month a year ago, […]
Read MoreA Federal Reserve official signaled support Friday for continuing to raise interest rates but at a somewhat slower pace than the central bank has moved this year to avoid risks of too much tightening. The Fed raised its benchmark federal-funds interest rate this week by 0.75 percentage point, or 75 basis points, at its fourth […]
Read MoreEconomy U.S. Economy Officials signal a possible slowdown in the pace of rate rises by acknowledging how increases influence the economy with a lag Source link Source link
Read MoreOTTAWA—Bank of Canada Gov. Tiff Macklem says the central bank is moving toward a meeting-by-meeting approach on further interest rate increases, based on how the economy responds to its rapid-fire tightening of financial conditions. “We do expect that interest rates will need to go higher, to get inflation all the way back to the inflation […]
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