News list for "Chumet"
1. Federal Reserve Meister: The expectation of three interest rate cuts this year is no longer appropriate. 2. National Development and Reform Commission: Prepare for the issuance of the first batch of ultra-long-term special government bonds. 3. National Development and Reform Commission: Accelerate the issuance of investment within the central budget and the issuance and use of local government special project bonds. 4. Relevant departments are strictly investigating the violations of structur...
Ms Mester, the president of the Cleveland Fed, said on Monday that she thought the Fed's monetary policy was restrictive and that inflation would fall back towards the Fed's 2 per cent target, but not quickly. Ms Mester had previously thought the Fed could cut interest rates three times this year, but "based on the evolution of the economy that I've seen so far, I don't think that's appropriate anymore," she said. "Given the stagnant progress in inflation in Quarter 1, inflation risks have risen...
Fed Mester: Inflation risks remain skewed to the upside.
Fed Mester: If there is an unexpected deterioration in the economy, you can cut interest rates. And if the decline in inflation stalls or reverses, you can keep interest rates (at current levels), or even raise them.
Fed Mester said that monetary policy is restrictive; the economy in Quarter 1 is stronger than I expected; restrictive policies have moderated the labor market; inflation risks remain tilted to the upside; the latest CPI data is welcome, but still too high; inflation is still expected to decline; rate hikes are possible under appropriate circumstances, but not in the benchmark scenario; there is reason to believe that the neutral rate is higher than in the past; expectations of three rate cuts i...
Federal Reserve Mester: The current tightening policy will help reduce inflation, but it will take longer to be confident that inflation is falling towards the 2% target.
Fed Mester said short-term inflation expectations had risen; interest rates should remain high for longer; it was too early to conclude that the inflation pullback had stalled; data showed increased risks to the Fed's inflation target; more price data needed to be collected "in the coming months"; recent data suggested that risks to the job market had diminished; and it would take longer to be confident that inflation was heading back towards 2 per cent.
The Federal Reserve has said that no decision has been made on a central bank digital currency, and the Federal Reserve will not launch a digital currency without the involvement of Congress.
Fed Mester: It's too early to say inflation will reverse.
Fed Mester: It is appropriate for the Fed to keep interest rates unchanged as it awaits evidence of further easing of price pressures. I am in no hurry to consider raising rates.
