WASHINGTON—U.S. inflation risks being pushed to a permanently higher level if the Federal Reserve does not get the current bout of price increases under control, Atlanta Fed president Raphael Bostic said on Tuesday. “The mostly pandemic-induced episodic price pressures could grind on long enough to fundamentally alter expectations,” and drive actual inflation higher, Bostic said…
Bostic: Fed Needs to Act ‘Soon’ to Be Sure Inflation Expectations Stay Controlled
Fed’s Barkin Says Pace of US Rate Hikes Depends on Inflation
How fast and far the U.S. Federal Reserve will raise interest rates once it begins doing so in March will depend on what happens with the economy and, more specifically, with inflation, Richmond Fed President Thomas Barkin said on Monday. “I’d like the Fed to get better positioned, and I think we’ve got a good…
Fed Rate Hike Could Be Half-Point If Needed, Says Raphael Bostic: FT
The Federal Reserve could supersize an interest rate increase to half a percentage point if inflation remains stubbornly high, Atlanta Fed President Raphael Bostic told the Financial Times in an interview. Bostic stuck to his call for three quarter-point interest rate increases in 2022, with the first in March, but a more aggressive approach was…
Bank of America Says It Sees Seven Fed Rate Hikes This Year
Bank of America economists said on Friday that they expect the Federal Reserve to hike rates by 25 basis points seven times this year, beginning in March, adopting one of the most aggressive views on Fed tightening among major banks. Economists have scrambled to update rate hike expectations since the Fed on Wednesday said it…
Dollar Breaks Higher and Shares Fall After Fed’s Powell Strikes Hawkish Tone
LONDON—Stocks fell on Thursday, U.S. two-year bond yields rocketed to 23-month highs and the dollar busted out of its recent range after the Federal Reserve stuck to plans for an interest rate rise in March and Chair Jerome Powell warned about inflation. The Euro STOXX fell 0.19 percent while Germany’s DAX lost 0.52 percent. Wall…
Wall Street Opens Higher Ahead of Fed Announcement
Wall Street’s main indexes opened higher on Wednesday after two sessions of turbulent trading, supported by a stellar outlook from Microsoft and ahead of a Federal Reserve policy meeting announcement for cues on its plans to curb inflation. The Dow Jones Industrial Average rose 223.09 points, or 0.65 percent, at the open to 34,520.82. The…
Biden’s Fed Nominees to Have Senate Hearing Next Week
The U.S. Senate Banking Committee will hold a nomination hearing next week for President Joe Biden’s three picks for the Federal Reserve. Biden earlier this month nominated former Federal Reserve Governor Sarah Bloom Raskin to be the central bank’s vice chair for supervision and two economists, Lisa Cook and Philip Jefferson, to serve on its…
Nasdaq Futures Jump 2 Percent After Microsoft’s Strong Forecast; Fed Decision Looms
U.S. stock index futures jumped on Wednesday following two days of turbulent trading, helped by stellar results from Microsoft, while investors looked to the outcome of the Federal Reserve’s policy meeting. Microsoft Corp. gained 3.9 percent premarket after the Windows maker forecast revenue for the current quarter broadly ahead of Wall Street targets, driven in…
World Stocks Gain Ahead of Fed, Oil Watches Russia-Ukraine
LONDON—By Carolyn CohnWorld stocks edged up and the dollar was flat ahead of the outcome of the Federal Reserve’s policy meeting on Wednesday, while oil rose towards recent seven-year highs on tension between Russia and Ukraine. The Fed is due to update its policy plan at 1900 GMT after a two-day meeting. A first rate…
OSHA Withdraws Business Vax Mandate; Neil Young Demands Spotify Remove His Music | NTD Business
The Biden administration is withdrawing its vaccine mandate aimed at large businesses. What’s behind the decision? And when does it go into effect? Musician Neil Young wants Spotify to remove his music. He claims it’s letting podcaster Joe Rogan spread vaccine misinformation on the streaming service. Another volatile day on the stock market. What’s the…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`