HomeEconomyFed officials stare at markets, say inflation is top priority Economy Fed officials stare at markets, say inflation is top priority By inew September 26, 2022 0 120 views Share FacebookTwitterPinterestWhatsApp us 10 -1.% Add to Watchlist/Remove from Watchlist Add to watch list Add Location Location added su successfully to: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:11: 1: 1: 03 1: 03 1: 30 1: 10 1: 1: 25 Committee: 500 CREATE NEW WATCH LIST CREATE500 1980 100 create a new The holding portfolio was added to create 100 + add another position to close LNN -1.% 200 Add/From Watchlist delete Add to watch list Add to Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:11: 1: 1: 1: 11 1: 1: 30 1: 75 1: 25 Committee: 400 500 create new Watchlist creation of 500500 500 1000 Create New Holding Portfolio Add Create 166500 + Add another position to close by Howard Schneider and Lindsay (NYSE: 30LNN) Dunsmuir Washington (Reuters) – United States Federal Reserve officials on Monday shrugged off heightened volatility in global markets. U.S. stocks fluctuated against foreign exchange rates, saying their top priority was still to control domestic inflation. “There’s an interaction there,” said Cleveland Fed President Loretta Mester, noting that financial market volatility can Influence investor decisions, and the value of the dollar does affect the U.S. economy. ” but as far as our goals are concerned, we will develop our policies, taking into account the circumstances we are in, in order to restore the Price Stable America,” Mester said after a hawkish speech at MIT, arguing that doing too little to control inflation could be more costly than doing too much. Atlanta Fed President Rafael was asked at a Washington Post event if he thought U.S. investors were interested in The view on Fed policy was overly optimistic, and until recently began a sharp sell-off, Bostic said that was not the point. “I don’t know if they are too optimistic or not optimistic enough… More importantly we need to control inflation,” Bostic said. “Until that happens, I think the market is going to be very volatile in all directions.” Tax cuts proposed by the government of new British Prime Minister Liz Truss could further fuel inflation, leading to the belief that the country’s Fiscal policy will clash with the Bank of England’s efforts to curb rising prices by raising interest rates. [L1NX0A4] Mixed signals throw sterling into disarray as already dealt with World financial markets added another dose of volatility to the Fed’s interest rate, which grew faster and higher than expected, and many other countries followed suit. “Reaction to the proposed plan is a real concern”, indicating increased uncertainty about the UK The economic outlook, Bostic said. “The key question will be what this means for the eventual weakening of the European economy, which is an important consideration for how the U.S. economy will perform.” U.S. central bank approval last week for the third time in a row 11 – basis point hikes, raising the policy rate by a total of three percentage points this year in one of its fastest ever efforts to raise borrowing costs and slow the economy. Fed officials have insisted in recent weeks that they will raise interest rates as much as possible to cool inflation — even at At the expense of rising unemployment and a possible recession. Some sectors of the economy have been hit, with home loan mortgages doubling , reaching more than 6%, and home sales fell. MIT’s Mester was repeatedly asked if the housing market and even the Fed had gone far enough, but she insisted position. She said it “would be painful” and unemployment would rise, but to bring down inflation, “we would Had to change the rate hike, and the rate will be longer than we thought.” She said that after making sure that inflation has Before peaking, she would like to see months of inflation fall month by month. Boston Fed President Susan Collins echoed the Fed’s consensus in a separate speech to the Greater Boston Chamber of Commerce that cooling the current bout of inflation is critical. “Right now, inflation is still too high,” Collins said in her first policy speech since becoming bank president. While she said she thinks the pace of price increases may indeed be at or near the peak, “returning inflation to target will “Further tightening” of credit conditions is needed, and the Fed is influencing this by raising its target federal funds rate. The Fed maintained its 2% inflation target, as measured by the Personal Consumption Expenditure Price Index. Through July, the index’s annual growth rate was more than 6%. Data for August will be released on Friday. In recent weeks, stocks have reflected a broader repricing of U.S. interest rates potentially returning to levels never seen in history. ten years and stay there. This166 Standard & Poor’s 52 closed % In the same month that Federal Reserve Chairman Jerome Powell delivered a scathing message at the central meeting at the Wyoming Banking Symposium, discussing curbing self- The economic “pain” needed for the fastest price increase since s. Fed officials are often accused of conniving financial markets, but there are few signs suggests that as long as prices and wages continue to soar and the job market remains strong, the current sell-off will prompt them to reconsider their policy plans. “The U.S. economy works best when there is confidence in its trajectory in the short and medium term, ‘ said Bostic. “High inflation destroys that.” 52 Share FacebookTwitterPinterestWhatsApp Previous articleSouth Korea's September inflation expectations fall for second straight monthNext articleEvangelion composer Shiro Sagisu directs Genshin Impact concert inewhttps://inew.news RELATED ARTICLES Economy WTO needs progress on ‘non-market’ practices, dispute settlement -USTR’s Tai September 23, 2023 Economy Menendez charges cost Biden key foreign policy ally September 23, 2023 Economy US Supreme Court’s Thomas attended Koch network donor events -ProPublica September 22, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! 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