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Top related persons:
Jessica Rinaldi - 1 Ian Shepherdson - 1 Jerome Powell - 1 Powell - 1 Torsten Slok - 1 Goldman Sachs - 1 Steven Blitz - 1 Howard Schneider - 1
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Flushing , New York U.S
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REUTERS - 1 Rights - 1 Federal Reserve - 1 Reuters Graphics Reuters - 1 Investors - 1 Apollo Global Management - 1 Lombard Chief U.S - 1 Fed - 1

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2 mentions found


☆ Fed gets an August inflation curveball to keep hikes alive
  + stars: | 2023-09-13 | by ( Howard Schneider | Thomson Reuters | Covers The U.S. Federal Reserve | ) www.reuters.com   time to read: +6 min
Reuters Graphics Reuters GraphicsMonth-to-month inflation numbers "will inevitably hop around," wrote Pantheon Macroeconomics Chief Economist Ian Shepherdson, who sees underlying consumer inflation nevertheless slowing to a "benign" level of below 3% by early next year. Since their meeting in July, only two Fed policymakers have said they felt rates do not need to rise further, while others noted their outlook for slowing inflation was built around a slightly higher federal funds rate. Overall bank credit has been falling on a year-over-year basis since mid-July, evidence of financial firms tightening access either through higher rates or stricter standards. By and large Fed officials feel the economy can grow about 1.8% a year with inflation at the 2% target and assuming "appropriate monetary policy." The outlook has diminished prospects for a U.S. recession, but may well keep Fed concerns about high - or higher - inflation alive.
Persons: Jessica Rinaldi, Ian Shepherdson, Jerome Powell, Powell, Torsten Slok, Goldman Sachs, Steven Blitz, Howard Schneider, Dan Burns, Andrea Ricci Organizations: REUTERS, Rights, Federal Reserve, Reuters Graphics Reuters, Investors, Apollo Global Management, Lombard Chief U.S, Fed, Thomson Locations: Flushing , New York, U.S
☆ No exit ramp for Fed's Powell until he creates a recession, economist says
  + stars: | 2023-03-08 | by ( Elliot Smith | ) www.cnbc.com   time to read: +2 min
Federal Reserve Chair Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on "The Semiannual Monetary Policy Report to the Congress" on Capitol Hill in Washington, March 7, 2023. The U.S. Federal Reserve cannot disrupt its cycle of interest rate increases until the nation enters a recession, according to TS Lombard Chief U.S. He stressed that the Fed lacks clarity on the ceiling of interest rate increases in the absence of such an economic slowdown. Market expectations for the terminal Fed funds rate were around 5.1% in December, but have risen steadily. Goldman Sachs lifted its terminal rate target range forecast to 5.5-5.75% on Tuesday in light of Powell's testimony, in line with current market pricing according to CME Group data.
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