net_left Kdata adver left

Fed’s Bowman Says More Rate Hikes Needed to Curb Inflation

Wednesday, January 11, 2023
Fed’s Bowman Says More Rate Hikes Needed to Curb Inflation

(Bloomberg) -- Federal Reserve Governor Michelle Bowman said the central bank has more work to do to curb inflation, noting that further interest-rate increases are needed and officials should hold them at restrictive levels for some time to stabilize prices.

“In recent months, we’ve seen a decline in some measures of inflation but we have a lot more work to do, so I expect the FOMC will continue raising interest rates to tighten monetary policy, as we stated after our December meeting,” Bowman said Tuesday in prepared remarks for an event in Miami with the Florida Bankers Association.

Policymakers are driving home the message that they aren’t done tightening policy as they work to squash inflation that rose to a four-decade high last year. Officials unanimously approved a half-point hike in December, bringing the target on their benchmark rate to a range of 4.25% to 4.5%.

Fresh economic projections released at the meeting showed that 17 out of 19 Fed officials see rates rising above 5% this year. No policymakers expect to cut interest rates in 2023. Officials will next meet on Jan. 31-Feb. 1.

Bowman said the scale of future rate moves and the point at which officials stop hiking will be determined by what happens with inflation, adding that she wants to see “compelling signs that inflation has peaked” and is looking for “consistent” evidence that it is on a downward path.

The Fed governor is the latest official to make it clear that policymakers expect to hold interest rates at higher levels for a while, allowing time for their aggressive increases to work their way through the economy, slowing growth and creating better balance between supply and demand. She said it is likely the labor market will weaken as inflation comes down.

“I expect that once we achieve a sufficiently restrictive federal funds rate, it will need to remain at that level for some time in order to restore price stability, which will in turn help to create conditions that support a sustainably strong labor market,” she said.

©2023 Bloomberg L.P.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
27-02-2024 16:45:53 (UTC+7)

EUR/USD

1.0854

+0.0007 (+0.06%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (6)

EUR/USD

1.0854

+0.0007 (+0.06%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (6)

GBP/USD

1.2684

+0.0001 (+0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (7)

Sell (1)

USD/JPY

150.21

-0.47 (-0.32%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (0)

Sell (7)

AUD/USD

0.6555

+0.0015 (+0.23%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.3495

-0.0012 (-0.09%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

EUR/JPY

163.04

-0.49 (-0.30%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

EUR/CHF

0.9547

-0.0002 (-0.02%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (2)

Gold Futures

2,045.15

+6.25 (+0.31%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

Silver Futures

22.878

+0.143 (+0.63%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (3)

Sell (2)

Copper Futures

3.8588

+0.0243 (+0.63%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (7)

Crude Oil WTI Futures

77.69

+0.11 (+0.14%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (1)

Brent Oil Futures

81.75

+0.08 (+0.10%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Natural Gas Futures

1.756

+0.012 (+0.69%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (3)

Sell (1)

US Coffee C Futures

179.45

-0.65 (-0.36%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Euro Stoxx 50

4,876.55

+12.26 (+0.25%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (5)

S&P 500

5,069.53

-19.27 (-0.38%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

DAX

17,501.45

+78.22 (+0.45%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,691.31

+7.01 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

Hang Seng

16,790.80

+156.06 (+0.94%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (5)

US Small Cap 2000

2,028.97

+12.28 (+0.61%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (9)

IBEX 35

10,104.55

-33.85 (-0.33%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

BASF SE NA O.N.

46.610

+0.280 (+0.60%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (7)

Bayer AG NA

28.70

+0.11 (+0.38%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (6)

Allianz SE VNA O.N.

245.93

+0.28 (+0.11%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (10)

Adidas AG

188.52

+0.32 (+0.17%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

Deutsche Lufthansa AG

7.297

+0.060 (+0.83%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

Siemens AG Class N

176.75

+1.85 (+1.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Deutsche Bank AG

12.227

-0.075 (-0.61%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

 EUR/USD1.0854↑ Sell
 GBP/USD1.2684↑ Sell
 USD/JPY150.21Neutral
 AUD/USD0.6555↑ Sell
 USD/CAD1.3495Sell
 EUR/JPY163.04↑ Sell
 EUR/CHF0.9547↑ Buy
 Gold2,045.15↑ Sell
 Silver22.878Buy
 Copper3.8588↑ Sell
 Crude Oil WTI77.69↑ Buy
 Brent Oil81.75↑ Buy
 Natural Gas1.756Buy
 US Coffee C179.45↑ Sell
 Euro Stoxx 504,876.55Neutral
 S&P 5005,069.53↑ Sell
 DAX17,501.45↑ Buy
 FTSE 1007,691.31↑ Buy
 Hang Seng16,790.80Neutral
 Small Cap 20002,028.97↑ Sell
 IBEX 3510,104.55↑ Buy
 BASF46.610↑ Sell
 Bayer28.70↑ Sell
 Allianz245.93↑ Sell
 Adidas188.52↑ Buy
 Lufthansa7.297Sell
 Siemens AG176.75↑ Buy
 Deutsche Bank AG12.227↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,700/ 7,850
(-20/ -20) # 1,768
SJC HCM7,690/ 7,890
(10/ -10) # 1,809
SJC Hanoi7,690/ 7,892
(10/ -10) # 1,811
SJC Danang7,690/ 7,892
(10/ -10) # 1,811
SJC Nhatrang7,690/ 7,892
(10/ -10) # 1,811
SJC Cantho7,690/ 7,892
(10/ -10) # 1,811
Cập nhật 27-02-2024 16:45:55
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,035.63+4.240.21%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.10024.580
RON 95-III23.59024.060
E5 RON 92-II22.47022.910
DO 0.05S20.91021.320
DO 0,001S-V21.90022.330
Dầu hỏa 2-K20.92021.330
ↂ Giá dầu thô thế giới
WTI$77.48+0.030.00%
Brent$81.70-0.01-0.00%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.430,0024.800,00
EUR26.045,5127.474,97
GBP30.442,0231.737,55
JPY158,89168,18
KRW16,0119,40
Cập nhật lúc 16:42:10 27/02/2024
Xem bảng tỷ giá hối đoái
adver main right