BREAKING: The Federal Reserve raises its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
WATCH LIVE: Baltimore Civil Rights Law Firm To Hold Press Conference On Pending Class Action Lawsuit Against Sesame Place
With the November midterm elections nearing, Americans’ discontent has diminished President Joe Biden’s public approval ratings and increased the likelihood that the Democrats will lose control of the House and Senate. The central bank is betting that it can slow growth just enough to tame inflation yet not so much as to trigger a recession — a risk that many analysts fear may end badly.
But economists say that wouldn’t necessarily mean a recession had started. During those same six months when the overall economy might have contracted, employers added 2.7 million jobs — more than in most entire years before the pandemic. Wages are also rising at a healthy pace, with many employers still struggling to attract and retain enough workers.
“How much recession risk are you willing to bear to get back to 2%, quickly, versus over the course of several years?” asked Nathan Sheets, a former Fed economist who is global chief economist at Citi. “Those are the kinds of issues they’re going to have to wrestle with.”
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; July Fed Meeting PreviewRates markets are fully discounting a 75-bps rate hike by the Federal Reserve this week, with a 13% chance of a 100-bps rate hike.
Weiterlesen »
China's Fed insiders, oil reserves tapped, Fed decision imminent: Wednesday's 5 things to knowThe Fed is widely expected to raise the Federal Funds rate by three-quarters of a percentage point, even as a new report reveals China has tried to undermine American monetary policy.
Weiterlesen »
Fed unleashes another big rate hike in bid to curb inflationThe Federal Reserve raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
Weiterlesen »
Fed expected to raise interest rates to cool inflationThe Fed and economic forecasters are stuck in uncharted territory. They have no experience analyzing the economic damage from a global pandemic.
Weiterlesen »
Fed poised to hike rates by three-quarters of a percentage point to fight inflationThe increase will be the Fed’s fourth rate hike to help cool down the economy and lower prices, which are surging at 40-year highs.
Weiterlesen »
British Pound Technical Forecast: GBP/USD Recovery - Fed Face-offThe GBP is attempting a second weekly advance against the USD after rebounding sharply off technical support early in the month. While the potential for further near-term gains remains, the recovery keeps price within the yearly downtrend.
Weiterlesen »