The Federal Reserve is predicted to increase interest rates by a quarter of a percentage point and also likely indicate that it will continue to remain cautious in its efforts to combat inflation, even as it decreases the magnitude of its hikes. On Wednesday at 2 PM ET, the Fed will announce its latest rate … Read more
A preoccupation with peak hawkishness from central banks is jumping the gun, according to Jean-Paul Jaegers, head of asset allocation at Barclays Wealth & Investments. Major central banks throughout the world have been tightening monetary policy and raising interest rates in a bid to contain runaway inflation in recent months. However, some stock markets staged a mild relief … Read more
Key Points: Fed Chairman Jerome Powell said Wednesday that the central bank is “strongly committed” to bringing down inflation and can do so with its monetary policy tools. That means higher interest rates until “compelling evidence” emerges that inflation is coming down. Federal Reserve Chairman Jerome Powell told congressional lawmakers Wednesday that the central bank is determined … Read more
The bond market is blowing up. As I outlined several weeks ago, the financial system is now experiencing its first coordinated central bank tightening in over a decade. The reason for this tightening is inflation. Inflation is a global phenomenon. Once it appears, it is everywhere. That is the case today. Our current financial system … Read more
