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☆ Fed 'pause' on rate hikes in doubt after strong US data
  + stars: | 2023-05-26 | by ( Ann Saphir Michael S. Derby | Ann Saphir | Michael S. Derby | ) www.reuters.com   time to read: +4 min
And an increase in underlying core inflation to 4.7%, up from a 4.6% pace in March, underscored the less-than-steady progress on the Fed's inflation fight. In March Mester had already expected the Fed to raise the policy rate beyond its current 5.00%-5.25% range. Fed policymakers also say they are watching credit conditions closely, though Mester on Friday said that so far she's not seeing worrisome "extra" tightening from the recent regional bank failures. Odds in futures markets are running three to one in favor of a rate hike by then. Other Fed policymakers have echoed that hawkish call.
☆ Federal Reserve officials are growing skeptical over suspending rate hikes
  + stars: | 2023-05-19 | by ( Bryan Mena | ) edition.cnn.com   time to read: +7 min
Some officials are concerned inflation isn’t cooling fast enough, which could prompt an 11th consecutive rate hike when policymakers meet in June. Federal Reserve Board Chair Jerome Powell and former Federal Reserve Board Chair Ben Bernanke (R) participate in a discussion at the Federal Reserve Board building in Washington, DC, May 19, 2023. Saul Loeb/AFP/Getty ImagesEarlier this month, Fed officials voted unanimously to raise the benchmark lending rate by a quarter point to a range of 5-5.25%, while signaling a possible pause ahead. Of course, Fed officials’ thinking on monetary policy could drastically change if the United States defaults on its debt, which could happen as soon as June 1. Fed officials always mention that their views on interest rates largely depend on what economic indicators show, resisting taking an absolute stance on how they will vote.
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