FOMC Expected to Continue Raising Rate Tightening to 0.25 Percentage Points – Bloomberg
At the Federal Open Market Committee (FOMC) meeting on the 1st, the Fed is expected to continue to tighten monetary policy with the aim of curbing inflation, while continuing to reduce the range of interest rate increases. Federal Reserve Board (FRB) Chairman Jerome Powell, who will hold a press conference after the meeting, is expected […]
US Job Costs Grow Less Than Expected, Strengthens Argument for Slow Rate Hikes – Bloomberg
In the United States, the fourth quarter of last year saw job cost growth fall short of market expectations. With new signs of slowing inflation, the Federal Open Market Committee (FOMC) has strengthened its argument for reducing rate hikes at its meeting this week. Key Point The US fourth quarter seasonally adjusted employment cost index […]
Fed likely to hold off rate hikes in May if inflation trend continues – Bloomberg
If more evidence of slowing US inflation emerges, the Fed may be prepared to consider holding off on rate hikes after the Federal Open Market Committee (FOMC) meeting on March 21-22. The next meeting was arranged for May 2 and 3. It builds on a measure introduced earlier by Fed Governor Waller, one of the […]
China’s economic reopening hurts, inflation worries – Fed rate hike may be long – Bloomberg
With concerns about the US recession remaining and the European economy stagnant, the resumption of economic activity in China will be a welcome factor in boosting the world economy. However, unlike 2009, when the global economy recovered from the collapse caused by the collapse of Lehman Brothers, the Chinese government launched a large-scale stimulus package […]
US PCE Core Price Index Slows Further, Boosting Rate Hike Expectations – Bloomberg
Last December, the US Personal Consumption Expenditure (PCE) price index, which excludes food and energy, fell further from a year earlier, recording the slowest growth in more than a year. Meanwhile, spending fell, fueling speculation that the Fed would slow the pace of rate hikes even further. Key Point The PCE core price index rose […]
Financial Services Agency asks top regional banks to brace for rising domestic interest rates – Bloomberg
Financial Services Agency executives instructed senior managers of the regional banks to properly analyze and understand the impact of rising domestic interest rates on portfolios and credit costs, and to prioritize responding to market fluctuations. This was confirmed by a number of people familiar with the matter. At a meeting with regional bank leaders last […]
[5 llyfr y bore yma]Handpicked news you want to read at work – Bloomberg
In the fourth quarter of last year (4th quarter) real US gross domestic product (GDP) slowed from the previous quarter, but growth exceeded market expectations. As a result, there is widespread speculation that the Fed still has a way to go to achieve a soft landing. But consumer spending was weaker than expected, suggesting recession […]
US GDP Slows as Fed Wants; Recession Risk Remains – Bloomberg
US economic growth in the fourth quarter of 2022 (October-December 2022) outperformed market expectations and slowed modestly as the Fed hopes to keep inflation under control without stifling growth. But economists who have dug into the details of the statistics also see enough warning signs to suggest that there is a significant risk of recession […]
US GDP grows 2.9% in October-December
Real US gross domestic product (GDP) figures for the first quarter of last year rose faster than expected. However, the Fed’s aggressive rate hikes risk slowing growth this year, and underlying demand is showing signs of slowing. Key Point Preliminary real GDP for October-December increased by 2.9% year-on-year compared to the previous quarter The median […]
NY Fed Manufacturing Index Falls to Lowest Level Since May 2020 – Bloomberg
The New York Fed’s manufacturing index plunged in January to its lowest level since May 2020, shortly after the coronavirus pandemic began. New orders and shipments were particularly low. Key Point The NY Fed manufacturing business index is minus 32.9 Down almost 22 points from -11.2 in the previous month More than double the most […]
