Breitbart Business Digest: Powell Still Won’t Admit Rate Hikes Might Be Coming

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.

recently took the stage in Amsterdam Tuesday with a message that seemed at once resolute and uneasy: the Fed is no longer anticipating several rate cuts this year but is instead committed to keeping interest rates at their highest levels in over two decades.the Fed is unlikely to cut interest rates this year

or even early next year. The inflation beast remains stubbornly untamed, as today’s producer price index report grimly illustrates with a 0.5 percent month-over-month rise, equivalent to a 6.4 percent annual pace and much hotter than anticipated.Powell’s shift in tone is telling. His once buoyant confidence in an imminent inflation decline has been replaced by a cautious approach.

“If only Powell had refrained from signaling rate cuts in December and stuck to the “higher for longer” script, the economy could have slowed sufficiently to allow actual rate cuts in the coming month,” Bessent We would add to this a point we’ve made several times at Breitbart Business Digest: the fact that Fed officials have consistently projected that eventually the federal funds rate will return to 2.5 percent or so has likely undermined efforts to tighten financial conditions. Thisand that today’s level is a temporary high means that debt issued today will be able to be refinanced later at a lower rate in the not-too-distant future.

WATCH: Aaron Rodgers Tells Tucker Carlson That U.S. Gov’t ‘Confiscated’ Pat Tillman’s Journal After Death in IraqExclusive – Trump Pollster: ‘Political Persecution of Donald Trump Is Backfiring’

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:

 /  🏆 610. in ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breitbart Business Digest: Powell Speaks and States the Obvious—No Rate Cuts Are ComingSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Biden Is Fighting 2009’s Economy in 2024Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: One Chart Shows Why So Many People Hate the Biden EconomySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Inflation Tightens Its Grip on Biden’s Re-Election ProspectsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: There’s Still a Big Hidden Force for High Inflation in the EconomySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: The Housing Market Shows Interest Rates Are Too LowSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »