The Fed Hawkwind is blowing! Governor Bowman: US inflation is still too high or need to raise interest rates further
jintianhao
发表于 2023-10-8 13:27:22
178
0
0
"I expect it will likely be appropriate for the (Fed) to raise rates further and keep them at restrictive levels for some time to bring inflation back to its 2 percent objective in a timely manner." Bowman said in a prepared speech.
"I remain willing to support an increase in the federal funds rate at future meetings if incoming data suggest that inflation is stagnating or too slow to bring inflation down to 2 percent in a timely manner." 'she said.
Bowman repeated her warning that "high energy prices could reverse some of the progress we have made on inflation in recent months."
Bowman, one of the Fed's most hawkish policymakers, said the latest jobs report reflected "solid" job growth.
Just two days ago, the Labor Department reported that U.S. nonfarm payrolls rose 336,000 in September, sharply higher than the 170,000 expected and well above the 187,000 in August. The U.S. unemployment rate held at 3.8 percent in September, while wages grew at a modest pace. The Labor Department also made significant upward revisions to July and August employment figures.
A surge in US employment in September has bolstered the case for the Federal Reserve to raise interest rates again. Bowman said the Fed expects inflation to remain above target through at least the end of 2025, based on the median forecast released after the Fed's September policy meeting.
Bowman's comments were largely the same as those she made on Monday on the outlook for the economy and policy.
"I continue to expect that further rate increases may be needed to bring inflation back to 2 per cent in time," Mr Bowman said at an event in Canada on Monday. "There is an ongoing risk that high energy prices could reverse some of the progress we have made on inflation in recent months."
Fed officials last month left the target range for their benchmark interest rate unchanged at 5.25% to 5.5%, the highest level in 22 years. Forecasts released at the same time showed that 12 of 19 policymakers expect one more rate hike this year, and officials expect fewer cuts in 2024 than previously thought.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Yellen is confident that US inflation will continue to decline, but Wall Street is full of doubts about Trump's 2.0 policy
- Is inflationary pressure easing for American consumers? Costco has raised membership fees for the first time in seven years
- Federal Reserve's "dovish faction" evaluates June CPI: inflation has returned to the 2% track, and the timing for interest rate cuts is ripe!
- The US stock market collectively closed higher, Tesla rose nearly 3%! Meta claims to restore Trump's Facebook account! JPMorgan CEO warns: US inflation may continue to exceed expectations
- Federal Reserve officials enter a period of silence, economists lower US inflation expectations
- Global highlights next week: US key inflation report released, Middle East's soaring flames indicate an escalation of the situation
- The three-year inflation expectation in the United States has fallen to a historic low, and the Federal Reserve's September interest rate cut is imminent
- Next week's global highlights: The Federal Reserve's most favored inflation indicator will be released, and Nvidia's financial report will test AI trading
- The most important inflation indicator of the Federal Reserve has been revealed, and how is the situation in the Middle East developing
- Former US Treasury Secretary says: The Federal Reserve cannot cut interest rates too much, otherwise inflation will come back!
-
AP通信9月27日、インテルは今月中旬に発表された重大な業務調整に加え、近日中にクアルコムに買収合併される可能性があるとの情報を伝えていることを明らかにした。 しかし、ウォール街のほとんどのアナリストは、 ...
- 什么大师特
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
9月27日、ネット通信社武漢グローバル本社の操業停止による荒廃について、同社の公式対応インタフェースニュースによると、同社本社の建設は操業停止ではなく、現在建設作業は計画通り着実に進められており、この1 ...
- 一念之间323
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
Alphabet傘下のグーグルの最新情報によると、同社は米国サウスカロライナ州に33億ドルを投資し、データセンターとクラウドインフラストラクチャを拡張する計画だ。 グーグルのサンダル・ピチャイ最高経営責任者は木 ...
- SNT
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
8月のトヨタ自動車(ダイハツ自動車と日野自動車を除く、レクサスを含む)の世界生産台数は前年同月比11.2%減の709571台、世界販売台数は前年同月比3.1%減の826863台だった。 日本本土市場では、トヨタ自動車の8月 ...
- SOGO
- 前天 18:03
- 支持
- 反对
- 回复
- 收藏