



(Reuters) - The Federal Reserve will face some hard choices and delicate communications challenges as it fights still-high inflation even as the labor market begins to soften, Kansas City Federal Reserve Bank President Esther George said on Friday.
"How much additional tightening will be needed to bring inflation back to 2 percent remains an essential aspect of the Federal Reserve’s deliberations," George said in remarks prepared for delivery to an event at the Central Exchange, noting that while goods prices have started to decline, services prices continue to rise, bolstered by a tight labor market.
"Policymakers will undoubtedly face more complicated choices and difficult communications as the tradeoffs between inflation and employment become more apparent," she said.
George leaves the Fed later this month under the central bank's age-based retirement rules, after nearly 13 years at the helm of the Kansas City Fed.
For most of her tenure she was one of the central bank's more hawkish policymakers. Last year, as the Fed ramped up the pace of its interest-rate hikes to fight decades-high inflation, she dissented to mark her discomfort with moving in large steps and her support for a more measured approach to policy tightening.
In December she and her colleagues downshifted to a slower rate-hike pace, delivering a half-point rate hike after four straight 75-basis point moves, and have signaled they may slow rate hikes further this year as inflation eases.
George did not use her prepared remarks to map out a preferred path for rate hikes, or to react to fresh data on the labor market published Friday showing some cooling in wage growth in December.
Instead she flagged ongoing concerns about inflation, subject she said to a potential renewed surge from energy and crop prices as Russia's war in Ukraine continues, and vulnerable to household decisions over how freely to spend excess savings in the face of a slowing economy.
"The longer inflation remains above its 2 percent objective, the greater the chance that higher inflation becomes embedded in the expectations of workers, producers, and consumers," she said, adding that ingrained inflation is very costly to combat. The Fed's rate hikes last year demonstrated its inflation-fighting commitment, she said.
Still, she said, "uncertainty around the path of policy could rise once the public and markets start evaluating how the Federal Reserve is weighing inflation relative to a softening labor market in its policy decisions."
EUR/USD
1.0766
+0.0004 (+0.04%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (2)
EUR/USD
1.0766
+0.0004 (+0.04%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (2)
GBP/USD
1.2558
-0.0001 (-0.01%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (4)
Sell (2)
USD/JPY
147.26
-0.05 (-0.03%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (1)
Sell (7)
AUD/USD
0.6550
+0.0001 (+0.02%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
USD/CAD
1.3593
+0.0002 (+0.01%)
Summary
NeutralMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (4)
Sell (1)
EUR/JPY
158.55
-0.01 (-0.01%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
EUR/CHF
0.9416
-0.0001 (-0.01%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (6)
Gold Futures
2,044.20
+0.85 (+0.04%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (0)
Silver Futures
24.262
+0.027 (+0.11%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (7)
Sell (0)
Copper Futures
3.7337
+0.0037 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (0)
Crude Oil WTI Futures
69.50
+0.25 (+0.36%)
Summary
BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (4)
Sell (3)
Brent Oil Futures
74.30
0.00 (0.00%)
Summary
NeutralMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (2)
Sell (3)
Natural Gas Futures
2.575
+0.008 (+0.31%)
Summary
BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (5)
Sell (2)
US Coffee C Futures
175.85
-7.90 (-4.30%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (10)
Sell (0)
Euro Stoxx 50
4,483.75
+30.98 (+0.70%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (6)
S&P 500
4,549.34
-17.84 (-0.39%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (4)
DAX
16,656.44
+123.33 (+0.75%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (5)
FTSE 100
7,515.38
+25.54 (+0.34%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (5)
Hang Seng
16,474.00
+168.50 (+1.03%)
Summary
BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (5)
Sell (1)
US Small Cap 2000
1,851.25
-4.79 (-0.26%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (0)
Sell (7)
IBEX 35
10,258.10
+19.70 (+0.19%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (6)
BASF SE NA O.N.
44.440
+0.840 (+1.93%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Bayer AG NA
32.39
+0.69 (+2.16%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (7)
Sell (1)
Allianz SE VNA O.N.
240.95
+2.20 (+0.92%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (5)
Sell (3)
Adidas AG
197.00
+1.72 (+0.88%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (7)
Deutsche Lufthansa AG
8.585
+0.266 (+3.20%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (0)
Sell (6)
Siemens AG Class N
160.92
+2.18 (+1.37%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (4)
Deutsche Bank AG
11.670
+0.100 (+0.86%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (5)
Sell (3)
EUR/USD | 1.0766 | ↑ Buy | |||
GBP/USD | 1.2558 | Buy | |||
USD/JPY | 147.26 | ↑ Sell | |||
AUD/USD | 0.6550 | ↑ Sell | |||
USD/CAD | 1.3593 | Neutral | |||
EUR/JPY | 158.55 | ↑ Sell | |||
EUR/CHF | 0.9416 | ↑ Sell |
Gold | 2,044.20 | ↑ Buy | |||
Silver | 24.262 | ↑ Buy | |||
Copper | 3.7337 | ↑ Buy | |||
Crude Oil WTI | 69.50 | Buy | |||
Brent Oil | 74.30 | Neutral | |||
Natural Gas | 2.575 | Buy | |||
US Coffee C | 175.85 | ↑ Buy |
Euro Stoxx 50 | 4,483.75 | ↑ Sell | |||
S&P 500 | 4,549.34 | Sell | |||
DAX | 16,656.44 | ↑ Sell | |||
FTSE 100 | 7,515.38 | ↑ Sell | |||
Hang Seng | 16,474.00 | Buy | |||
Small Cap 2000 | 1,851.25 | ↑ Sell | |||
IBEX 35 | 10,258.10 | ↑ Sell |
BASF | 44.440 | ↑ Buy | |||
Bayer | 32.39 | ↑ Buy | |||
Allianz | 240.95 | Buy | |||
Adidas | 197.00 | ↑ Sell | |||
Lufthansa | 8.585 | Sell | |||
Siemens AG | 160.92 | Neutral | |||
Deutsche Bank AG | 11.670 | Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 7,320/ 7,420 (0/ 0) # 1,465 |
SJC HCM | 7,300/ 7,420 (0/ 0) # 1,465 |
SJC Hanoi | 7,300/ 7,422 (0/ 0) # 1,467 |
SJC Danang | 7,300/ 7,422 (0/ 0) # 1,467 |
SJC Nhatrang | 7,300/ 7,422 (0/ 0) # 1,467 |
SJC Cantho | 7,300/ 7,422 (0/ 0) # 1,467 |
Cập nhật 07-12-2023 06:33:43 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$2,026.36 | +7.85 | 0.39% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 23.680 | 24.150 |
RON 95-III | 22.990 | 23.440 |
E5 RON 92-II | 21.790 | 22.220 |
DO 0.05S | 20.190 | 20.590 |
DO 0,001S-V | 21.590 | 22.020 |
Dầu hỏa 2-K | 21.110 | 21.530 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $69.70 | -5.59 | -0.07% |
Brent | $74.29 | -5.77 | -0.07% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 24.065,00 | 24.435,00 |
EUR | 25.474,81 | 26.873,60 |
GBP | 29.775,38 | 31.043,30 |
JPY | 160,24 | 169,63 |
KRW | 15,96 | 19,34 |
Cập nhật lúc 06:29:29 07/12/2023 Xem bảng tỷ giá hối đoái |