Fed's 'new Eagle King' : The US bond storm does not reduce the need for further interest rate hikes
123458026
发表于 2023-10-11 13:54:35
1316
0
0
"It is certainly possible that higher long-term yields will do some of the work for us in terms of reducing inflation," Mr Kashkari said at a town hall event.
"But if those higher long-term yields are due to changes in outside expectations about our future, then we may actually need to follow their expectations to maintain those yields." "He added.
In contrast, three Fed officials have recently said that rising Treasury yields could reduce the need for further rate hikes. Futures markets are pricing in a less than 20 per cent chance of another quarter-point rate hike when policymakers meet again on October 31 and November 1.
But Kashkari said he still had reservations.
As a voting committee member this year, he wants to see more data on inflation, the labor market and wages "to convince me that we've actually done enough."
Kashkari called the recent rise in yields "puzzling" and said it could be driven by optimism about the economy or higher U.S. government borrowing over the next five to 10 years.
Another reason could be that the market expects the Fed to be more aggressive in controlling inflation over the next decade, but "it's hard for that to translate to 10-year yields going up the way they have, in my view, so it's a little confusing," he said.
Finally, Kashkari also reiterated comments he made last month, when he saw a 60 percent chance that the Fed would raise rates again this year and return inflation to its 2 percent target without causing serious damage to the economy.
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
- Federal Reserve Dot Matrix: Expected to Drop Another 50 Basis Points This Year
- Tonight, the world is watching! The Federal Reserve's interest rate cut 'giant ship' will officially set sail
- The path of Fed interest rate cuts or "stop and go" asset allocation to explore structural opportunities
- Federal Reserve officials speak out intensively, with the focus of debate shifting towards a more relaxed pace
- Federal Reserve officials speak out intensively, sending a heavy signal! Hedge funds flood into the largest tech stocks
- Popular Chinese concept stocks collectively surged before the US stock market opened; Starbucks fell more than 2%; Boeing proposes a 30% salary increase as a concession; Hedge funds aggressively buy tech stocks after Federal Reserve cuts interest ra
- IMF Managing Director: US inflation is in good condition, Fed did the right thing
- Suddenly! The Federal Reserve makes a heavyweight announcement! Powell's latest speech! Yellen criticizes Trump
- The expectation of a significant interest rate cut in August, as PCE inflation in the United States approaches the Federal Reserve's target level, has once again risen
- How many basis points will the Federal Reserve cut interest rates in November? Next week is crucial
-
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