The highest U.S inflation rate in nearly 40 years seen in Friday's November CPI data, will prompt the Federal Reserve to begin raising its benchmark...
The highest U.S inflation rate in nearly 40 years seen in Friday’s November CPI data, will prompt the Federal Reserve to begin raising its benchmark short-term interest rate sooner and higher than previously appeared to be the plan, economists said Friday.
In face of these new risks, the Fed will begin a journey next week toward a more neutral policy stance. The unspoken message is that the Fed will be prepared to start raising interest rates sooner too, Shapiro said.“It makes no sense to have interest rates where they are right now – both on the price front and on growth – zero sense, and they’ve kept them for too long to begin with,” Shapiro said.
In September, the Fed’s dot-plot forecast of interest rates penciled in only one rate hike next year. The projections showed a gradual hike in the fed funds rate to only 1.8% at the end of 2024.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Chrishell Stause, 40, Flashes Her Sculpted Legs At This Year's People's Choice AwardsShe loves to do weighted circuits and eats mostly plant-based.
Baca lebih lajut »
Camel Beauty Pageant Crackdown, 40 Contestants Busted for Botox in Saudi Arabia40 camels were booted from a Saudi Arabia beauty pageant for using botox. The contestants missed out on a $66 million cash prize.
Baca lebih lajut »
Gorillaz' Jamie Hewlett Recruits 40 Artists to Reimagine Band in Upcoming 'Art Book'Gorillaz will be reimagined through the pens of over 40 artists in the cartoon band’s upcoming and self-explanatory 'Gorillaz Art Book.'
Baca lebih lajut »
Thieves make off with 40 guns in late-night smash-and-grab at Garden Grove shopOfficials say the number of weapons stolen from the gun shop is a 'big concern.' It comes amid a spate of smash-and-grab burglaries.
Baca lebih lajut »
ABBA Comment on Grammy Nomination: ‘They Should Be Mandatory for Those Who Leave 40 Years Between Albums’ (EXCLUSIVE)When the 2022 Grammy nominations were announced late last month, many people were surprised to see ABBA’s first song in nearly 40 years, “I Still Have Faith in You,” as a nominee for Record of the …
Baca lebih lajut »
U.S. inflation rate swells to 39-year high of 6.8% as Americans pay higher prices for almost everythingThe cost of living climbed again in November and drove the rate of U.S. inflation to a nearly 40-year of 6.8%, putting more pressure on households as they...
Baca lebih lajut »