Read this to understand what Fed Chair Powell said today | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Numerous waves of showers and thunderstorms will move across the United Kingdom over the next several days, leaving those celebrating King Charles III’s coronation to dodge the rain over the weekend of festivities

When Federal Reserve Chair Jerome Powell talks, markets listen. But you may not. But what Powell says matters a lot. He have power over your bank account, employment situation and more. *Enter CNN’s economy explainer reporter* Powell’s press conference Wednesday was filled with phrases the average reader could benefit from understanding. But since this information isn’t, ahem, the most user-friendly, CNN took the liberty of explaining what it actually means and why it matters.

He said, “Since early last year, we’ve raised interest rates by a total of 5 percentage points in order to obtain a stance of monetary policy that is sufficiently restrictive to return inflation to 2% over time.” Sufficiently restrictive is another way of saying we want people to spend less money to help bring prices down. The Fed doesn’t want to restrict spending so much that it causes a recession.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 326. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Fed playbook: Which stocks to buy or sell depending on what the Fed doesCNBC Pro screened for names screened that are the most sensitive to interest rates by looking at the 100-day correlation between each S&P 500 stock and SHY ETF.
Källa: CNBC - 🏆 12. / 72 Läs mer »