The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market strategists. On Thursday, the producer price index surprisingly fell 0.5% in July from the prior month, compared with an estimate of a 0.2% gain, according to …
Several Federal Reserve officials on Tuesday signalled the US central bank was committed to its aggressive fight against soaring prices, prompting a jump in short-dated Treasury yields as investors priced in more interest rate rises. The two-year yield, which moves with interest rate expectations, jumped by 0.19 percentage points to 3.06 per cent, its biggest …
Hawkish remarks from Fed officials prompt jump in Treasury yields Read More »
Investors reacted as if Fed Chairman Jerome Powell’s press conference Wednesday was dovish, but many economists think it was on the hawkish side of the street. Here are some of the key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed jacks up rates to …
Was Fed’s Powell dovish or not? 4 key takeaways from Wednesday’s press conference Read More »