Fed’s Powell Ready to Support Job Market, Even If It Means Lingering Inflation

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

As inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by jacking up interest rates. Now, with unemployment edging up, the central bank is signaling a willingness to cut rates to head off a job-cutting spiral – even if that means somewhat higher inflation for a while.

Ukraine Says Russian Barrage Aimed at Underground Gas StorageUS Homebuyers Expecting $10,000 Savings Face Tough RealitySenegal Votes in Presidential Election That’s Too Close to CallSinopec 2023 Profit Falls 13% on Oil Prices, Refining RecordBlackstone Eyes $1.

9 Billion Sale of The Office Group: TelegraphRussia Enters Day of Mourning After Deadly Moscow Terrorist ActUkraine’s Kyiv and Lviv Region Under Russian Air Attacks: AFPRussia’s Oil Is Finally Getting Snarled by SanctionsRussia Enters Day of Mourning After Deadly Moscow Terrorist ActHouthis Fired Missile at Chinese-Owned Ship in Red Sea, US SaysThe End of Coal, Stock Target, Halving Hit: Sunday Asia BriefingZambia Seeks ‘Headroom’ in Debt Restructuring to Grow EconomyRussia’s Samara Refineries...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines