Tag: Interest Rates

Central Banks Bet Economies Tolerate Omicron, Not Inflation

(Bloomberg) — Leading central banks made a big call this week, deciding that the coronavirus is no longer calling the shots in their economies, and inflation is now the bigger threat. Most Read from BloombergAcross the U.S., School Shooting Threats on TikTok Prompt Closures and More PoliceDemocrats Drop Year-End Push on Biden Economic Plan Amid DiscordMelania Trump Is Releasing an NFT That Will Cost 1 SOL EachChinese Spies Accused of Using Huawei in Secret Australia Telecom HackNYC Sees Offices
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Powell Declares Inflation Big Threat as Fed Signals Rate Hikes

(Bloomberg) — Federal Reserve Chair Jerome Powell signaled on Wednesday that inflation is now enemy No. 1 to keeping the U.S. economic expansion on track and returning the labor market to something approaching ebullient pre-pandemic levels. Most Read from BloombergCan Indoor Farms Reach Skyscraper Height?Zero Taxes, Golf and Beach Houses Create a Crypto Island ParadiseSaudi Arabia Wants Its Capital to Be Somewhere You’d Want to LiveIn an abrupt policy pivot, the Fed sped up the drawdown of its
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Fed to Pivot to Fast Taper, More Rate Hikes: Decision-Day Guide

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergZero Taxes, Golf and Beach Houses Create a Crypto Island ParadiseCan Indoor Farms Reach Skyscraper Height?China Is Building the World’s Largest National Park SystemBoris Johnson’s Furious MPs Worry That His Next Misstep Could Be FatalFederal Reserve policy makers are poised to accelerate their removal of monetary stimulus as a step toward the first interest-rate
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Powell’s Fast-Taper Signal Presages Agile Fed on 2022 Rate Hikes

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female FoundersAutomating the War on Noise Pollution‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsJerome Powell’s pivot toward a quicker withdrawal of stimulus paves the way for a more agile Federal Reserve in 2022, one that’s willing to raise interest rates faster than expected if inflation lingers or hold back i
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Australia central banker says rates could stay low until ’24

CANBERRA, Australia (AP) — Australia’s central bank governor says the nation’s benchmark interest rate could remain at a record low until 2024 despite pandemic-induced inflation. The Reserve Bank of Australia board has said it won’t lift the cash rate until inflation settles in a target range of 2%-to-3%, Governor Philip Lowe told a Sydney forum of economists. The “inflation outlook is more uncertain than it has been for some time, but our central scenario is that underlying inflation reaches th
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