The U.S. dollar was little changed against a basket of currencies. The data showed the world’s largest economy created more jobs than expected in June. The report cemented expectations of another 75 basis-point hike at the Federal Reserve’s policy meeting later this month. The dollar has hit consecutive 20-year peaks this week. The United States … Read more
Inflation at its highest level in 40 years has made hawks of nearly all Fed policymakers. It will take two years for inflation to fall to the central bank’s 2% target, a Cleveland Fed official said on Thursday. Mester said she was not predicting a recession despite slowing growth. Cleveland Federal Reserve Bank President Loretta … Read more
The US important bank opened its coverage meeting Tuesday, that’s predicted to produce a huge rate hike as policymakers go at the attack against document-high inflation. Following a quarter-factor increase in the benchmark lending rate in March, Federal Reserve Chair Jerome Powell and different critical bankers have stated a half-factor increase may be introduced whilst … Read more
The Federal Reserve this week is about to redouble its assault towards documenting US inflation at the same time as facing an array of shocks both internal and outside that analysts worry may also sooner or later position the arena’s largest financial system into a recession. The coverage-setting Federal Open Market Committee (FOMC) will convene … Read more
WASHINGTON: Top officials at the US Federal Reserve will be banned from holding individual stocks, bonds, cryptocurrencies and certain other investments under new rules adopted on Friday, after controversial trading activity led to high-profile resignations last year. Under the regulations adopted unanimously by the policy setting Federal Open Market Committee (FOMC), central bank leaders including … Read more
WASHINGTON: Federal Reserve officials last month were concerned about the Omicron impact, but believed the US economy had recovered enough from the pandemic downturn that interest rate hikes could come sooner than expected, according to minutes of the December meeting released Wednesday. The document provides a behind-the-scenes look at the deliberations of the Fed’s policy committee, … Read more
FRANKFURT: Rising inflation and the spread of a new variant of the coronavirus will weigh on central banks’ minds this week as they meet to decide how quickly to withdraw their pandemic-era stimulus. As policymakers on both sides of the Atlantic contend with soaring inflation and the rate of infection of the Omicron variant, the … Read more
