News list for " needs"
Mr. Daly said policy needed to remain tight until it saw real sustained progress on inflation. The Fed wanted to proceed cautiously before making the next adjustment. Inflation is gradually coming down, but the process is relatively volatile.
It usually takes years for a president to make his mark on the economy, but Mr. Trump did so in just a few weeks. Many companies were bullish on a Trump presidency, and post-election optimism rose markedly. But events after the inauguration dented that optimism. The S & P 500 rose 5% in the first five trading days after the election and has since been consolidating. A project conducted by Vistage Worldwide...
Mr. Daley said the Fed did not need to pre-empt, still needed to return inflation to its 2 per cent target and needed to assess the "scope, scale and timing" of Mr. Trump's policies.
Eurozone banks need a digital euro in response to U.S. President Donald Trump's efforts to promote a stablecoin, a cryptocurrency usually pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday. That would help lure more customers away from banks and strengthen the case for the ECB to launch its own digital currency.
Trump's Inauguration Ceremony: How Many Steps Does It Take to Become President of the United States?
Swiss National Bank Governor Schlegel: If monetary policy needs to be further relaxed, interest rate cuts remain the main tool.
Stocks need to be on the lookout for high yield risks, especially inflation-driven types. The strong dollar has plunged European currencies into the abyss, and crude oil has broken through the $70/barrel level with the help of geopolitics, but selling pressure remains... > >
On November 15, Federal Reserve Chairperson Jerome Powell said that because of the strong U.S. economy, the Federal Reserve does not need to "rush" to lower interest rates, and the Federal Reserve will "carefully watch" to ensure that certain inflation measures remain within acceptable ranges. Powell reiterated that the path of the Fed's policy rate will depend on upcoming data and the evolution of the economic outlook. He said inflation is approaching the Fed's 2% target, but has not yet been r...
Mr. Powell will need to reassure global investors that the Fed can control the fallout from Mr. Trump's second term and the likely impending "Republican sweep".
Francesco Pesole, an analyst at ING, said in a note that the market needs to expect the Federal Reserve to cut interest rates further for the dollar to weaken. Without that, the dollar is more likely to strengthen in the short term. It is possible that the U.S. money market will start to show expectations of unchanged interest rates in November or December. The dollar could also appreciate due to uncertainty ahead of the US Presidential Election.
US Treasury Secretary Janet Yellen believes that in the medium and long term, promoting growth requires focusing on the supply side of the economy.
OPEC believes total investment in the oil sector will need $17.40 trillion by 2050, while estimates for 2023 are to reach $14 trillion by 2045.
Australian bond traders have plenty to keep an eye on at home and abroad this week, according to institutional analysis. The Federal Reserve's FOMC is widely expected to start cutting interest rates this week, and it is the extent of the cut that is really at issue. A 50 basis point cut by the Fed could intensify attacks on hawkish rhetoric at the Reserve Bank of Australia, underlining its lagging behind a growing number of global central banks that are cutting interest rates. Recently, the Rese...
BlackRock Chief Investment Officer Rick Rieder said the Fed needs to cut interest rates at its September meeting to re-stimulate growth and reduce debt pressure on consumers, and said the Fed should cut rates by 50 basis points in September.
Powell admitted that there was no need to pay 100% attention to inflation now. He could start considering easing, and would cut interest rates as early as September. Some officials even thought they would act today...
