Powell says strong jobs market shows more rate hikes needed

Federal Reserve chair Jerome Powell said on Tuesday that additional interest rate increases will be needed to cool inflation and borrowing costs may need to peak higher than previously expected, if the strong jobs market persists.

“We think we are going to need to do further rate increases,” Powell said Tuesday in a question-and-answer session with David Rubenstein at the Economic Club of Washington. “The labour market is extraordinarily strong.”..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

International Finance: Asian stocks edge higher as investors await Powell: markets wrapUS and European equity futures and Asian stocks made small gains as investors awaited commentary from Federal Reserve chair Jerome Powell later on Tuesday.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »

MARKET WRAP: JSE muted as investors looks to Powell’s address for clarityMarket participants view the Fed chair’s appearance at the Economic Club as a chance to offer more clarity on where rates are headed
Fuente: BDliveSA - 🏆 12. / 63 Leer más »

Business Maverick: Dollar rebound set to extend amid Fed speakers, China tensionsThree consecutive days of gains are giving hope to embattled dollar bulls who are looking to a slew of Federal Reserve speakers and rising US-China tensions to extend a nascent rebound.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »