One-year inflation expectations are down 0.3%, dropping to a 4.1% rate — the lowest annual outlook since May 2021, according to the New York Fed’s Survey of Consumer Expectations in May.
The U.S. Federal Reserve will set the target for short-term interest rates through a two-day Federal Reserve meeting concluding June 14, Schlesinger informed, where it could be the first time the Fed chooses to hold interest rates steady in 18 months.
“But, there are some people who are still worried that it’s not just about inflation, it’s about banks not lending as much and that could hurt the economy,” Schlesinger continued. “So the Feds kind of walking a tightrope right now, and we’re going to be very intent on listening to what the Fed Chair Jerome Powell says at his press conference.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Cardano's worst week since May 2021 is over — Will ADA price rebound 40%?The Cardano price is down today as it faces delisting from a mainstream retail investment platform after the U.S. SEC intervention.
Les mer »
Bank of Japan set to keep ultra-low rates, may signal inflation overshootThe Bank of Japan (BOJ) is expected to maintain ultra-loose monetary policy this week and its forecast for a moderate economic recovery, as robust corporate and household spending cushion the blow from slowing overseas demand, sources said.
Les mer »
Consumer inflation expectations continue to drop in MayConsumers continue to believe inflation will recede alongside a resilient labor market, according to a New York Fed's survey of consumer expectations.
Les mer »
Stock futures are flat ahead of key May inflation reportThe S&P 500 and Nasdaq Composite closed on Monday at their highest levels since last April.
Les mer »
Tesla shares post longest winning streak since January 2021Tesla shares are on pace to log their 10th-straight gain following reports of sales growth in China and the EV company’s new $7,500 tax credit.
Les mer »