written on Tuesday that lessons from 1974 and 1983, when the Federal Open Market Committee face similar inflation levels to today's, demand that policymakers get "ahead of inflation."
"Similar to the 1983 experience, the associated ex-post real interest rate at that time was high. Again, the result was not a recession but instead an expansion, which lasted until 2001." The ECB is widely expected to raise interest rates in July for the first time in a decade, following its global peers, to try to cool accelerating inflation, though economists are divided on the magnitude of any hike.
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD scales above 0.6300 as focus shifts to Fed PowellThe NZD/USD pair has witnessed some bids around 0.6292 and has moved above the round-level resistance of 0.6300 in the Asian session. On a broader not
Source: FXStreetNews - 🏆 14. / 72 Read more »
Watch Fed Chair Powell Talk Live About the Economy, Interest Rates at ECB ForumFederal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank forum on central banking.
Source: nbcchicago - 🏆 545. / 51 Read more »
Fed up with Chicago’s expensive housing and parking woes? One TikTok user’s suggestion: Move to Peoria.Angelica Ostaszewski's pride for Peoria is infectious. So much so that her TikTok videos about the city have gone viral. Her wish: For more to move to Peoria! Aurora is a great place to live as well. Why not Cedar Rapids?
Source: ChicagoBreaking - 🏆 521. / 51 Read more »
US inflation expectations drop to the lowest levels since FebruaryUS inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, print a two-day south-run to ref
Source: FXStreetNews - 🏆 14. / 72 Read more »
Fed's Daly: Inflation bridles the economyReuters has reported that San Francisco Federal Reserve Bank President Mary Daly on Tuesday said she believes the US economy will slow to below 2% ann
Source: FXStreetNews - 🏆 14. / 72 Read more »