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Powell sees ongoing Fed rate hikes needed to tame hot inflation

Powell sees ongoing Fed rate hikes needed to tame hot inflation

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Powell sees ongoing Fed rate hikes needed to tame hot inflation
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Powell sees ongoing Fed rate hikes needed to tame hot inflation
Powell sees ongoing Fed rate hikes needed to tame hot inflation
Powell sees ongoing Fed rate hikes needed to tame hot inflation
Powell sees ongoing Fed rate hikes needed to tame hot inflation
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Federal Reserve Chair Jerome Powell said the central bank will keep raising interest rates to tame inflation following the steepest hike in almost three decades, though policy makers must be “nimble” as various shocks buffet the world’s largest economy.“We anticipate that ongoing rate increases will be appropriate,” Powell said Wednesday in the text of his semiannual testimony to the Senate Banking Committee. “Inflation has obviously surprised to the upside over the past year, and f...
Federal Reserve Chair Jerome Powell said the central bank will keep raising interest rates to tame inflation following the steepest hike in almost three decades, though policy makers must be “nimble” as various shocks buffet the world’s largest economy.“We anticipate that ongoing rate increases will be appropriate,” Powell said Wednesday in the text of his semiannual testimony to the Senate Banking Committee. “Inflation has obviously surprised to the upside over the past year, and f...
Powell hardens hawkish pivot toward half-point Fed rate hikes
Powell hardens hawkish pivot toward half-point Fed rate hikes
Powell hardens hawkish pivot toward half-point Fed rate hikes
Powell hardens hawkish pivot toward half-point Fed rate hikes
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Federal Reserve Chair Jerome Powell outlined his most aggressive approach to taming inflation to date, potentially endorsing two or more half percentage-point interest-rate increases while describing the labor market as overheated.
Federal Reserve Chair Jerome Powell outlined his most aggressive approach to taming inflation to date, potentially endorsing two or more half percentage-point interest-rate increases while describing the labor market as overheated.
Fed hikes rates by 75 bps to control still-hot inflation
Fed hikes rates by 75 bps to control still-hot inflation
Fed hikes rates by 75 bps to control still-hot inflation
Fed hikes rates by 75 bps to control still-hot inflation
housingwire housingwire | 1 year ago
The Federal Reserve (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 3%-3.25%, bringing it back to a level last seen in March 2008. The post Fed hikes rates by 75 bps to control still-hot inflation appeared first on HousingWire.
The Federal Reserve (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 3%-3.25%, bringing it back to a level last seen in March 2008. The post Fed hikes rates by 75 bps to control still-hot inflation appeared first on HousingWire.
Fed hikes interest rate again in bid to tamp down runaway inflation
Fed hikes interest rate again in bid to tamp down runaway inflation
Fed hikes interest rate again in bid to tamp down runaway inflation
Fed hikes interest rate again in bid to tamp down runaway inflation
constructiondive constructiondive | 1 year ago
The Federal Reserve raised its interest rate by 75 basis points during its Wednesday meeting.The hike comes amid its continued bid to reduce inflation and is its second consecutive such raise and fourth overall raise to date. A basis point is one hundredth of a percentage point. The move brings its target range to 2.25% to 2.50%. Fed Chairman Jerome Powell pointed to an “extremely tight” labor market and reaffirmed the Fed’s commitment to bring inflation down, noting the Fed also anticipat...
The Federal Reserve raised its interest rate by 75 basis points during its Wednesday meeting.The hike comes amid its continued bid to reduce inflation and is its second consecutive such raise and fourth overall raise to date. A basis point is one hundredth of a percentage point. The move brings its target range to 2.25% to 2.50%. Fed Chairman Jerome Powell pointed to an “extremely tight” labor market and reaffirmed the Fed’s commitment to bring inflation down, noting the Fed also anticipat...
Fed hikes rates half point, will shrink assets to curb inflation
Fed hikes rates half point, will shrink assets to curb inflation
Fed hikes rates half point, will shrink assets to curb inflation
Fed hikes rates half point, will shrink assets to curb inflation
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Powell: Economy, banks can handle aggressive rate hikes
Powell: Economy, banks can handle aggressive rate hikes
Powell: Economy, banks can handle aggressive rate hikes
Powell: Economy, banks can handle aggressive rate hikes
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
WASHINGTON — The Federal Reserve continued tightening its monetary policy at the fastest pace in decades, raising the federal funds rate by three-quarters of a percentage point during its Federal Open Market Committee meeting Wednesday. Brushing off concerns that such swift increases could threaten financial stability, Fed Chair Jerome Powell said well-capitalized banks will help the economy withstand the volatility of a rising rate environment.  Jerome Powell, chairman of the U.S. Feder...
WASHINGTON — The Federal Reserve continued tightening its monetary policy at the fastest pace in decades, raising the federal funds rate by three-quarters of a percentage point during its Federal Open Market Committee meeting Wednesday. Brushing off concerns that such swift increases could threaten financial stability, Fed Chair Jerome Powell said well-capitalized banks will help the economy withstand the volatility of a rising rate environment.  Jerome Powell, chairman of the U.S. Feder...
Fed inflation fight 'highly likely to involve some pain': Powell
Fed inflation fight 'highly likely to involve some pain': Powell
Fed inflation fight 'highly likely to involve some pain': Powell
Fed inflation fight 'highly likely to involve some pain': Powell
constructiondive constructiondive | 1 year ago
Dive Brief: Federal Reserve Chair Jerome Powell said policymakers are dead set on averting persistently high inflation even though their effort to rein in price gains from a 40-year high will probably cause hardship. “We are committed to and will succeed in getting inflation down to 2%,” Powell said Wednesday. “The process is likely — highly likely — to involve some pain, but the worst pain would be from failing to address this high inflation and allowing it to become persistent.” ...
Dive Brief: Federal Reserve Chair Jerome Powell said policymakers are dead set on averting persistently high inflation even though their effort to rein in price gains from a 40-year high will probably cause hardship. “We are committed to and will succeed in getting inflation down to 2%,” Powell said Wednesday. “The process is likely — highly likely — to involve some pain, but the worst pain would be from failing to address this high inflation and allowing it to become persistent.” ...
Will hotter inflation data trigger more rate hikes?
Will hotter inflation data trigger more rate hikes?
Will hotter inflation data trigger more rate hikes?
Will hotter inflation data trigger more rate hikes?
housingwire housingwire | 1 year ago
CPI inflation came in hotter than expected and people are scared the Fed will now be more aggressive with rate hikes. Should you be worried? The post Will hotter inflation data trigger more rate hikes? appeared first on HousingWire.
CPI inflation came in hotter than expected and people are scared the Fed will now be more aggressive with rate hikes. Should you be worried? The post Will hotter inflation data trigger more rate hikes? appeared first on HousingWire.
Fed hikes rates 75 basis points, intensifying inflation fight
Fed hikes rates 75 basis points, intensifying inflation fight
Fed hikes rates 75 basis points, intensifying inflation fight
Fed hikes rates 75 basis points, intensifying inflation fight
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Federal Reserve officials raised their main interest rate by three-quarters of a percentage point — the biggest increase since 1994 — and signaled they will keep hiking aggressively this year, resorting to drastic measures to restrain the rampant inflation they failed to forecast.Slammed by critics for not anticipating the fastest price gains in four decades and then for being too slow to respond to it, Chairman Jerome Powell and colleagues on Wednesday intensified their effort to cool pric...
Federal Reserve officials raised their main interest rate by three-quarters of a percentage point — the biggest increase since 1994 — and signaled they will keep hiking aggressively this year, resorting to drastic measures to restrain the rampant inflation they failed to forecast.Slammed by critics for not anticipating the fastest price gains in four decades and then for being too slow to respond to it, Chairman Jerome Powell and colleagues on Wednesday intensified their effort to cool pric...
Fed hikes rate by 75 bps, back to 2018 level
Fed hikes rate by 75 bps, back to 2018 level
Fed hikes rate by 75 bps, back to 2018 level
Fed hikes rate by 75 bps, back to 2018 level
housingwire housingwire | 1 year ago
The Federal Reserve (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 2.25%-2.50%, delivering what was expected by most investors and economists in recent weeks.  The post Fed hikes rate by 75 bps, back to 2018 level appeared first on HousingWire.
The Federal Reserve (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 2.25%-2.50%, delivering what was expected by most investors and economists in recent weeks.  The post Fed hikes rate by 75 bps, back to 2018 level appeared first on HousingWire.