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| Economy |
| Fed Reserve Hitting the Brakes |
| 2022-05-05 |
| [CNBC] The Federal Reserve increased its benchmark interest rate by half a percentage point, in line with market expectations. In addition, the central bank outlined a program in which it eventually will reduce its bond holdings by $95 billion a month. The rate move is the largest since 2000 and is in response to burgeoning inflation pressures. Fed Chairman Jerome Powell underlined the commitment to bringing inflation down but indicated that raising rates by 75 basis points at a time "is not something the committee is actively considering." and as a bonus, oil (WTI) was back over $105/barrel today Related: Federal Reserve: 2022-04-27 How China's neutrality on Ukraine war fuels the narrative of a weakening yuan Federal Reserve: 2022-04-22 Real estate market finally shows signs of cooling Federal Reserve: 2022-04-13 Senator Joe Manchin: Quit the 'Putin price hike' blame-shifting on inflation already Related: Benchmark interest rate: 2022-04-27 How China's neutrality on Ukraine war fuels the narrative of a weakening yuan Benchmark interest rate: 2019-07-08 Erdogan fires central bank chief as policy rifts deepen Benchmark interest rate: 2018-09-25 Argentina Peso Plunges (Further) After Central Bank Head Unexpectedly Resigns |
| Posted by:Lord Garth |
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| Posted by: KBK 2022-05-05 20:00 |
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| Posted by: Lord Garth 2022-05-05 19:49 |
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| Posted by: Seeking Cure For Ignorance 2022-05-05 19:09 |
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| Posted by: Tom 2022-05-05 15:37 |
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| Posted by: Lord Garth 2022-05-05 15:27 |
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| Posted by: swksvolFF 2022-05-05 14:18 |
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| Posted by: NoMoreBS 2022-05-05 11:46 |
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| Posted by: Procopius2k 2022-05-05 08:01 |