Economists predict the FED will now slow the pace of monetary policy tightening after the accelerated hikes from 50 to 70 bps in June. “We think it is time for policy to deemphasize “spot” data. Financial conditions have tightened drastically, especially in housing, and – more fundamentally – data have gotten noisier
US inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue aggressively hiking interest rates. The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest
Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday. “With four FOMC meetings left, we expect at least a 50bps interest rate hike in each meeting.
FED Chair Jerome Powell stated today that he overestimated the impact of inflation and that the FED should have acted sooner to try to control the spiralling effects. Republican Rep. Ann Wagner told Powell that she believes the Fed “underestimated actual inflation” and wondered what officials were missing. According to
The Federal Reserve – Fed – boosted its benchmark interest rate goal by half a percentage point on Wednesday, marking the largest rise since May 2000. The Federal Open Market Committee, which sets interest rates, said that its overnight interbank financing target rate will climb from 0.25 percent to 0.50
STAMFORD, CT – ASL Capital Markets Inc. (ASL) – 04 April 2022 -ASL Capital Markets Inc. (ASL), a government securities broker-dealer focused on trading and securities financing, today announced that it has been designated a primary dealer by the New York Fed. ASL is now one of 25 primary dealers, which serve