Fed is quite focused on bringing inflation down to 2%.We are now at a point where we can pay more attention to the rate we are getting to, less on pace.It's 'smart' to modulate on rate hike pace.Broadly the view of colleagues that fed policy is in restrictive territory now.We have some work still to do.The price of DXY is headed to a test into the mid-range of the 104 area that guards a slide into the 103s and 101s.
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Fed chair signals smaller rate hikes as bank keeps up inflation fightFinancial markets have been anxiously awaiting any clear signs about the central bank’s plans. They are all working together . IRAN, RUSSIA, CHINA, EUROPE, ASIA, INDIA, U.S, ISRAEL EVERYONE hear KISSINGER SHIFING THE CENTER OF GRAVITY FROM THE U.S TO CHINA IRAN. Is about E.U BELT AND ROAD Haltie. They are all working together. IRAN, RUSSIA, CHINA, EUROPE, ASIA, INDIA, U.S, ISRAEL EVERYONE hear KISSINGER SHIFING THE CENTER OF GRAVITY FROM THE U.S TO CHINA IRAN. Is about E.U BELT AND ROAD
Source: washingtonpost - 🏆 95. / 72 Read more »
Fed chair Powell: No 'clear progress' toward lower inflationFederal Reserve chair Jerome Powell said there isn't yet 'clear progress' that decades-high inflation has turned a corner, despite rapid interest rate increases and slowing economic growth. How could this be? Biden got his Inflation Reduction Act passed. We shouldn't have any inflation now. Meanwhile corporations profits are skyrocketing and at record highs. Raising prices just because under the guise of inflation. No more hikes until well after the holidays!
Source: axios - 🏆 302. / 63 Read more »
Fed's Williams sees signs of good news on inflationNew York Fed President John Williams said Thursday he sees signs that inflation is turning.
Source: MarketWatch - 🏆 3. / 97 Read more »
Powell: Fed to keep rates higher for longer to cut inflationFed Chair Jerome Powell says the Federal Reserve will push rates higher than previously expected and keep them there longer to fight a stubborn bout of inflation. Raising interest rates has NEVER reduced inflation. Just sayin This will throw us into a serious recession. It's the only lever they can pull.
Source: wjxt4 - 🏆 246. / 63 Read more »
Powell: Fed to keep rates higher for longer to cut inflationWASHINGTON (AP) — The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday in remarks likely intended to underscore the Fed's single-minded focus on combating stubborn inflation. Uuuuugggghhhh! Hold them accountable for the inflation and deflation they have created and facilitated. Abolish the FED. Like this actually helps with inflation driven by monopoly power. But, it does keep most of the rest of us down, which, let's face it, it is called Capitalism, not Laborism.
Source: AP - 🏆 728. / 51 Read more »
An inflation gauge tracked by the Fed slows to still-high 6%A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices.
Source: WashTimes - 🏆 235. / 63 Read more »