Fed Officials Voice Caution, Patience about Further Funds Rate Cuts
on suggests to me that the risk of inflation ceasing to converge toward 2%, or moving higher, has risen, while the risk of an unwelcome deterioration in the labor market has remained unchanged or possibly fallen.” “Monetary policy is well positioned,” Musalem continued. “Given current economic conditions and the balance of risks, I believe the […]
Fed Officials Voice Caution, Patience about Further Funds Rate Cuts
(MaceNews) – Federal Reserve officials counseled caution in deciding on further interest rate cuts Wednesday, without foreclosing that possibility. St. Louis Federal Reserve Bank President Alberto Musalem said the Fed’s policymaking Federal Open Market Committee should “judiciously and patiently evaluate incoming information in considering further lowering of the policy rate.” Musalem, who will be a […]
BofA Global Research Fund Manager Survey: U.S. Election Results Prompt Boost in Global Growth and Inflation Expectations
–Growth Expectations Jump, Inflation Concerns Sharply Rise By Vicki Schmelzer NEW YORK (MaceNews) – U.S. election results prompted seismic shifts in global growth and inflation expectations, according to BofA Global Research’s monthly fund manager survey, released Wednesday. In terms of post-election views, global growth expectations jumped from a net 10% looking for weaker in October […]