WASHINGTON, Dec 14 — The Federal Reserve opened its two-day policy meeting today, focused squarely on how to address the worsening US inflation threat.
That will put it on a pace to end the program in March, weeks earlier than initially planned, and then leave the central bank poised to act directly against inflation by hiking the benchmark borrowing rate as early as May. It was the biggest jump since the Labor Department began calculating the index in November 2010, pushed by increases in a broad array of goods and services, which could spread to consumers.
Powell in testimony before Congress last month repeated his pledge that policymakers “will use our tools to make sure that higher inflation does not become entrenched.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tokyo stocks open lower ahead of Fed decision | Malay MailTOKYO, Dec 14 ― Tokyo stocks opened lower today, extending falls on Wall Street ahead of a US Federal Reserve decision and as markets weighed worries over the latest coronavirus variant. The benchmark Nikkei 225 index edged down 0.26 per cent, or 75.61 points, at 28,564.88 in early trade, while...
Source: malaymail - 🏆 1. / 86 Read more »
Wall Street ends down; investors eye Omicron and Fed meeting | Malay MailNEW YORK, Dec 14 ― Wall Street ended lower yesterday, with shares of Carnival Corp and several airlines tumbling as investors worried about the Omicron coronavirus variant ahead of a Federal Reserve meeting later this week. Travel-related stocks fell, with the fast-spreading variant accounting...
Source: malaymail - 🏆 1. / 86 Read more »
Asian stocks dip as Omicron spreads, Fed decision looms | Malay MailSYDNEY, Dec 14 ― Asian stocks and oil prices slipped today as the spread of the Omicron coronavirus variant rattled investors who were already on edge ahead of a slew of central bank decisions this week, including a key Federal Reserve meeting. MSCI's broadest index of Asia-Pacific shares outside...
Source: malaymail - 🏆 1. / 86 Read more »
Dollar near one-week high, hawkish Fed overshadows central bank peers | Malay MailLONDON, Dec 14 — The US dollar scaled a one-week high today versus a basket of major currencies, supported by expectations of a hawkish Federal Reserve meeting and continued uncertainty about the Omicron coronavirus variant. Data later in the day on US factory gate inflation may cement...
Source: malaymail - 🏆 1. / 86 Read more »
US Secretary of State Antony Blinken arrives in Malaysia for a two-day visit | Malay MailKUALA LUMPUR, Dec 14 — United States (US) Secretary of State Antony J. Blinken arrived here tonight to begin his two-day working visit to Malaysia. The special aircraft carrying Blinken and his 39-member entourage landed at the Royal Malaysian Air Force (RMAF) base in Subang near here at... Will our PM & his ministers be speaking to Blinken in English or they need a translator, since in Malaysia we are supposed to speak Bahasa only, according to some ...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit ends lower against US dollar | Malay MailKUALA LUMPUR, Dec 14 — The ringgit settled lower against the US dollar at the close today as the greenback made a significant appreciation ahead of the two-day Federal Open Market Committee (FOMC) meeting starting today. At 6pm, the local note stood at 4.2300/2340 against the greenback compared...
Source: malaymail - 🏆 1. / 86 Read more »