Fed's Waller sees some progress on inflation, no rate hike needed

WASHINGTON - Federal Reserve Governor Christopher Waller on Tuesday put a pin in speculation that interest rates may need to rise again, saying the latest inflation data is "reassuring" and the U.S. central bank's policy rate is set appropriately.

But he also said he sees some signs of moderation ahead, citing flat retail sales in April, rising delinquencies on credit cards and auto loans, and a widely followed survey of non-manufacturing businesses suggesting a deceleration in activity. Job creation also has slowed, and the unemployment rate ticked up to 3.9% in April.

NEW YORK — The judge in Donald Trump's hush money trial cleared the courtroom of reporters Monday and then threatened to remove the defense's witness from the trial altogether because of his behavior on the stand, which included making comments under his breath and rolling his eyes, a court transcript showed. Judge Juan M. Merchan told Robert Costello, a former federal prosecutor, that his conduct during testimony was contemptuous.

The United States on Monday said it had been unable, due largely to logistical reasons, to accept an Iranian request for assistance following a helicopter crash over the weekend that killed President Ebrahim Raisi, as Washington offered its condolences. The rare request from Iran, which views the United States and Israel as its main adversaries, was disclosed by the State Department at a news briefing.

Michael Burry and John Paulson hit the jackpot when they called the housing crash. Now they're betting on gold.

Source: Loan Digest (loandigest.net)

Federal Reserve Inflation Data Monetary Policy Job Creation Consumer Price Inflation Peterson Institute For International Economics

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Federal Reserve Chair Jerome Powell working from home after testing positive for COVID-19Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing related symptoms.
Source: CTVNews - 🏆 1. / 99 Read more »

Federal Reserve Chair Jerome Powell working from home after testing positive for COVID-19Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing related symptoms. Powell tested positive late Thursday. 'Following...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

U.S. Federal Reserve remains cautious on interest rate cuts even as data improveThis week’s positive economic numbers haven’t yet prompted Fed policy-makers to say anything concrete about when rates might fall
Source: globeandmail - 🏆 5. / 92 Read more »

Surprising job numbers could prompt federal reserve to cut earlyThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

U.S. Federal Reserve holds interest rate, saying it will take 'longer than expected' to start cuttingFederal Reserve Chair Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., March 7, 2023.
Source: CBCNews - 🏆 2. / 99 Read more »

Federal Reserve says interest rates will stay at two-decade high until inflation further coolsWASHINGTON (AP) — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably t
Source: SooToday - 🏆 8. / 85 Read more »