Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting.
Most investors and economists have said they believe July’s rate hike will be the last. Earlier this week, economists at Goldman Sachs projected that the Fed will actually start to cut rates by the middle of next year.
. Fed officials closely track core prices, which they believe provide a better read on underlying inflation., above the previous month’s year-over-year pace because of higher gas and food costs. Still, that is far below the peak inflation rate of 9.1% in June 2022. in the coming months. And rising costs for services, from auto insurance to restaurant meals to dental services, could keep core inflation persistently high.
Data this week suggests that the economy, if anything, is picking up, which could keep inflation sticky at its current elevated level. Consumers are still spending at a healthy pace. Alast month, fueled by rising online shopping and healthy sales at restaurants and bars, among other categories.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Hedera’s Token Surges on Federal Reserve's Latest Instant Payment Service MoveHedera Hashgraph’s HBAR token took the lead among major cryptocurrencies over the last 24 hours, after the U.S. Federal Reserve’s FedNow added a Hedera Hashgraph-based micropayments platform, Dropp, as a service provider. FedNow is an instant payment service provider developed by the Fed for depository institutions in the U.S. CoinDesk's Jennifer Sanasie presents 'The Chart of the Day.'
Leer más »
Iconic Federal Reserve Bank of Cleveland celebrates 100 years at East 6th Street and Superior AvenueThe Federal Reserve Bank of Cleveland is marking a major milestone this month; the bank’s iconic building at East 6th Street and Superior Avenue is marking 100 years.
Leer más »
Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikesMost Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting.
Leer más »
Fed officials see ‘upside risks' to inflation possibly leading to more rate hikes, minutes showThe Federal Reserve on Wednesday released minutes from its July 25-26 policy meeting.
Leer más »
The Reserve Bank of Australia: A Trader’s GuideA brief look at the history, formation, ownership and mandate of the Reserve Bank of Australia (RBA) and its impact on the Australian Dollar.
Leer más »
Ukraine’s Powerful 82nd Brigade, Once Held In Reserve, Has Finally Joined The CounteroffensiveThe deployment is good and bad news for Ukraine’s counteroffensive, which kicked off with coordinated assaults across southern and eastern Ukraine starting on June 4.
Leer más »