Did the Fed confuse the market? Summers, El-Erian say it certainly did

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

The Fed just held interest rates and signaled future hikes at the same time – a move that baffled many. Here's how Larry Summers, Mohamed El-Erian, and others have reacted.

The Federal Reserve just held interest rates and signaled future hikes at the same time - the move caught the market somewhat by surprise, and baffled many commentators. in a 5%-5.25% range, snapping a streak of 10 back-to-back hikes aimed at taming inflation that hit 40-year highs in 2022.that was good news for American consumers, showing that the annual pace of price increases declined to 4.0% - the lowest since March 2021.

The Fed's move to hold rates and signal hikes at once reflects an inconsistent approach that may have been influenced by the central bank's internal politics, Summers said.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités