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Search resuls for: "Dhara Ranasinghe Jorgelina Do Rosario"


2 mentions found


☆ Fed's Evans: expect to reach top Fed policy rate by March
  + stars: | 2022-09-28 | by ( Dhara Ranasinghe Jorgelina Do Rosario | Dhara Ranasinghe | Jorgelina Do Rosario | ) www.reuters.com   time to read: +1 min
LONDON, Sept 28 (Reuters) - The Federal Reserve is raising interest rates expeditiously to address very high, persistent inflation, and will likely get U.S. short-term borrowing costs to where they need to be by early next year, Federal Reserve Bank of Chicago President Charles Evans said Wednesday. Benchmark U.S. 10-year Treasury yields rose to their highest level in about 12-1/2 years on Tuesday as investors girded for higher interest rates that could possibly remain for longer than anticipated as Federal Reserve officials held firm in their hawkish stance. The Federal Reserve has aggressively hiked interest rates by 3 percentage points this year, taking its target range to 3.00%-3.25%. It carried out its third consecutive 75 basis point increase last week and signaled that rates are likely to rise to the 4.25%-4.5% range by the end of the year. Register now for FREE unlimited access to Reuters.com RegisterReporting by Dhara Ranasinghe, Jorgelina Do Rosario and Ann Saphir; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
☆ Fed's Evans: Market volatility can create restrictiveness
  + stars: | 2022-09-28 | by ( Dhara Ranasinghe Jorgelina Do Rosario | Dhara Ranasinghe | Jorgelina Do Rosario | ) www.reuters.com   time to read: +2 min
LONDON, Sept 28 (Reuters) - Federal Reserve Bank of Chicago President Charles Evans said on Wednesday that volatility in markets can create additional restrictiveness in financial conditions. "It is a case that financial market volatility can add to additional financial restrictiveness. So anything around the world in terms of policy or developments like Russia's invasion of Ukraine can add to additional restrictiveness." "We just really need to get inflation in check," Evans said. Relief on inflation could also come from improvements in supply, he said, and giving him some comfort is the fact that inflation expectations are "relatively consistent" with the Fed's 2% inflation goal.
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