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
172
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
- On the first day of the Powell congressional hearing: High inflation is not the only risk, and interest rate cuts still need to wait for more data support
- Late at night! The Federal Reserve makes a bold statement: premature and excessive policy relaxation may harm inflation progress
- 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
-
每经AI快讯,据亿航智能官微消息,公司EH216-S无人驾驶电动垂直起降航空器(eVTOL)获得巴西国家民航局颁发的试验飞行许可证书,并计划在巴西进行测试和试飞。关于EH216-S无人驾驶eVTOL在巴西的认证,中国民航局 ...
- 潇湘才子
- 14 小时前
- 支持
- 反对
- 回复
- 收藏
-
今年7月,美国三大海外“债主”所持美国国债齐刷刷缩水,其中日本美债持仓已降至去年10月以来最低。 根据美国财政部当地时间9月18日公布的国际资本流动报告(TIC),2024年7月,美国前三大海外“债主”日本 ...
- 520hacker
- 前天 20:44
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者俞立严)9月19日,蔚来全新品牌乐道的首款车型——乐道L60正式上市。新车定位家庭智能电动SUV,在采用BaaS电池租用服务后,L60的售价可低至14.99万元,电池租用月费最低为599元。乐道L6 ...
- anhao007
- 昨天 11:03
- 支持
- 反对
- 回复
- 收藏
-
每经记者袁园 日前,国务院印发的《关于加强监管防范风险推动保险业高质量发展的若干意见》提出,以新能源汽车商业保险为重点,深化车险综合改革。 “车险综改”从2015年就已经开始逐步推进了,经过 ...
- moshulong
- 昨天 21:50
- 支持
- 反对
- 回复
- 收藏