Latest News

Alibaba’s $9 Billion Buyback Binge Has Done Little For Its Stock

0

Reuters

Fed will raise rates more aggressively if needed, Powell says

(Reuters) -Federal Reserve Chair Jerome Powell on Monday delivered his most muscular message to date on his battle with too-high inflation, saying the central bank must move “expeditiously” to raise rates and possibly “more aggressively” to keep an upward price spiral from getting entrenched. In remarks that sent financial markets scrambling to recalibrate for a higher probability of the Fed lifting interest rates by a half-percentage point at one or more of its remaining meetings this year, Powell signaled an urgency to the central bank’s inflation challenge that was less visible than just a week ago, when the Fed delivered its first rate hike in three years. “The labor market is very strong, and inflation is much too high,” Powell told a National Association for Business Economics conference.

Bonds Extend Drop After Fed Sparks One of Worst Days in Decade

Previous article

*Dutch February House Prices Up 20.2% Y/Y Vs. 21.1% In January

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News