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Search resuls for: "Fed's Harker"


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☆ Morning Bid: The song remains the same
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: +2 min
Russia's bombing of Kyiv and other Ukrainian cities on Monday darkened what was already a pretty bleak mood across world markets, and investors will be hoping something somewhere eases the selling pressure on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterUnfortunately, nothing obvious jumps out. Asian assets suffered more - the MSCI Asia ex-Japan equity index fell 2%, and several currencies in the region weakened sharply. The Biden administration's proposals include measures to cut off China from certain semiconductors made anywhere in the world with U.S. equipment. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Fed's Harker says housing shortage a key inflation driver
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +1 min
NEW YORK, Sept 27 (Reuters) - Federal Reserve Bank of Philadelphia President Patrick Harker said on Tuesday that a shortage of housing in the U.S. is a key driver of the nation's historic surge in inflation pressures. "Since the Great Recession, the United States has not built enough housing to keep price growth relatively modest," Harker said in an essay published on the bank's website. This shortage of homes "is a major driver of the far-too-high inflation plaguing our country." Harker said "inflation is far too high across most goods and services in our economy," and added the Fed "is working to stabilize inflation and put the economy on a firmer footing for the long haul." Harker is not currently a voting member of the rate-setting Federal Open Market Committee.
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