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Search resuls for: "Undertightening"


2 mentions found


Fed’s Neel Kashkari Not Convinced Rate Hikes Are Over
  + stars: | 2023-11-07 | by ( Bob Fernandez | ) www.wsj.com   time to read: 1 min
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said he has concerns about inflation “ticking up again. That’s what I’m worried about.” Photo: MIKE SEGAR/REUTERSA top Federal Reserve official said he would err on the side of overtightening monetary policy rather than not doing enough to bring inflation down to the central bank’s 2% target. “Undertightening will not get us back to 2% in a reasonable time,” Neel Kashkari , the president of the Federal Reserve Bank of Minneapolis, said in an interview with The Wall Street Journal on Monday.
Persons: Neel Kashkari, MIKE SEGAR, Undertightening, ” Neel Kashkari Organizations: Federal Reserve Bank of, , REUTERS, Federal, Wall Locations: Federal Reserve Bank of Minneapolis
Asia shares buoyed by Fed pause bets; dollar heavy
  + stars: | 2023-06-09 | by ( Kevin Buckland | ) www.reuters.com   time to read: +4 min
Japanese and Australian bond yields followed those on U.S. Treasuries lower, and the dollar remained on the defensive early in the Asian session. MSCI's broadest index of Asia-Pacific shares (.MIAP00000PUS) added 0.6%, and at one point touched its strongest level since Feb. 16. Traders now lay 1-in-4 odds for the Fed to raise rates by a quarter point on June 14, versus 75% probability of a pause. "I wouldn't go all in and say we're going to get a rate hike, but I think we should be at least 50% priced," said Tony Sycamore, an analyst at IG Markets in Sydney. The dollar added 0.15% to 139.135 yen , after earlier slipping to a one-week low of 138.765.
Persons: Hong, Tony Sycamore, Jerome, Powell's, Powell, undertightening, Tayyip Erdogan's, WTI fututes, Kevin Buckland, Stephen Coates Organizations: Federal Reserve, Japan's Nikkei, Nasdaq, Fed, Bank of Canada, Reserve Bank of Australia, IG Markets, New, U.S, West Texas, Brent, Thomson Locations: TOKYO, Asia, Pacific, Sydney, Tokyo, New York, U.S, United States, Iran
Total: 2