Upcoming data may help Powell, but trend will prevail to put hike on Fed table
Investing.com -- Upcoming economic data could provide Federal Reserve chairman Jerome Powell with some comfort, but the underlying signs of sticky inflation and above trend growth will likely prevail, forcing the Fed chief to eventually capitulate and ditch his easing bias.
Against the backdrop of above-trend economic growth and sticky inflation, the Fed chief has leaned heavily into the belief that time is needed for the current high level of interest rates to eventually work its way through economy and bring inflation back to the 2% target. "The problem is that he's probably got the balance wrong," Colmar added. "Powell thinks policy is restrictive, but we're still mildly accommodative... so time is working for the economy, not against it.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Glen Powell's Upcoming 2024 Movie Confirms A Surprising Career TrendGlenn Powell as Hangman in Top Gun Maverick
Read more »
This Upcoming Glen Powell Movie Will Be A Must Watch While Waiting For Top Gun 3Author and editor who loves all things horror, sci-fi, and Alien. Most likely to be found at The Prince Charles, either for a classic movie screening or to throw a spoon at Tommy Wiseau. Screen Rant contributor since 2021.
Read more »
Powell likely to signal that lower inflation is needed before Fed would cut ratesAfter three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year.
Read more »
Fed likely to keep interest rates on hold, all eyes on Powell’s commentsThe US Federal Reserve (Fed) will announce monetary policy decisions following the April 30 - May 1 policy meeting on Wednesday.
Read more »
Powell likely to signal that lower inflation is needed before Fed would cut ratesAfter three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year.
Read more »
Jerome Powell likely to signal that lower inflation is needed before Fed would cut ratesAfter three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year.
Read more »