Displaying 34 results
Fed hikes rates 75 basis points, intensifying inflation fight
The Federal Open Market Committee "is strongly committed to returning inflation to its 2% objective.”
El-Erian says US can’t avoid stagflation even as Fed tightens
The chair of Gramercy Fund Management says stagflation is ‘worst thing’ for central banks.
Powell says Fed will ‘keep pushing’ until inflation comes down
'This is a strong economy, and we think it’s well positioned to withstand less accommodative monetary policy,' the Fed chairman says.
Bond turmoil threatens to erupt anew with inflation haunting Fed
Chair Jerome Powell pours cold water on the prospect for a jumbo-sized 75 basis point rate hike next month.
Fed hikes rates half-point as Powell signals similar moves ahead
The interest-rate increase is the biggest since 2000 and is the most aggressive policy action in decades to combat soaring inflation.
Jamie Dimon says Fed should have raised rates sooner
JPMorgan CEO says a bigger risk to the global economy is the war in Ukraine as it signals the ‘Cold War is back.'
U.S. inflation quickens to 8.5%, ratcheting up pressure on Fed
Consumer prices rose 1.2% from February, the biggest gain since 2005 as gasoline costs drove half of the monthly increase.
Federal Reserve pivots toward jumbo hikes after being slammed as too slow
The Fed quickly became more concerned that the surge in food and energy prices caused by the war in Ukraine would entrench inflation — and expectations — at unacceptably high levels.
This is now the worst drawdown on record for global fixed income
Rising inflationary pressure around the world is fueling concerns about the ability of the global economy to weather any sustained period of higher financing costs.
Fed lifts rates a quarter point in opening bid to curb inflation
Policy makers led by Chair Jerome Powell voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the first increase since 2018.
Powell backs March liftoff, won’t rule out hike every meeting
FOMC says “it will soon be appropriate to raise the target range for the federal funds rate.”
Prospect of rate hikes puts 2022 economy, markets in clearer focus
Market watchers temper expectations for equity performance this year, but say risk assets still trump bonds.
El-Erian says Fed should recognize inflation isn’t transitory
Allianz's chief economic adviser suggests the central bank 'ease your foot off the accelerator starting now.'
Wall Street breathes sigh of relief as Powell gets second Fed term
Wall Street had been anxiously awaiting Biden’s picks. The Fed’s monetary policy has encouraged investors to take on more risk and pushed stock, housing and other asset prices higher.
