... head of active equity at
Allspring Global Investments
, said on
Bloomberg Television
that this is where it's going to peak. She said markets are still facing a wall of worry due to rising rates and the impact of China's Covid lockdowns.
Fed Governor
LaelBrainard
said that the U.S. central bank will move quickly to raise interest rates to a level that neither stimulates nor slows the economy this year. She said that a decision on paring the Fed balance sheet could be made as soon as May, with reductions ...
... to gasoline prices going up to a new record, but the data sported enough soft spots for Wall Street pundits to declare peak inflation was at hand.
There are officials who are banking that a long-awaited crest may be here.
In March, the
Fed
Governor
LaelBrainard
said she was confident that we are going to achieve the
Fed
's 2% inflation goal, because of the fact that one main measure of month-to-month inflation slowed in March.
A drop in used car prices helped bring the core CPI -- excluding food and ...
... while Republicans blamed it on the president's spending agenda and his energy policies targeting the oil and gas industries.
Federal Reserve
policymakers warned that inflation disproportionately hurts low-income Americans, as noted by
Fed
governor
LaelBrainard
in a speech last week.
She said that the burden is particularly great for households with limited resources, because all Americans are facing higher prices. That is why getting inflation down is the most important task while sustaining a recovery ...
... on to the consumer.
With the possibility of a peak yet to be seen in inflation, members of
the Federal Reserve
Federal
Reserve have escalated their rhetoric on using monetary policy tools to bring down fast-rising prices. Last week,
Fed
Governor
LaelBrainard
said that bringing down inflation was the most important task, while
San Francisco Fed
President
Mary Daly
said that high inflation was as harmful as not having a job. The March meeting minutes of
the Federal Reserve
Federal
Reserve suggested ...
.... In February, the Personal Consumption Expenditures Index PCE increased by 6.4%, a gain of 6.1% from a 6.1% increase in January.
It was the fastest inflation rate since 1982.
More hawkish talk about interest rate increases from Fed members, such as LaelBrainard
, has been prompted by hot reads on inflation in recent weeks. The talk on inflation fighting could continue this week as
Brainard
and other closely watched Fed members speak at various events.
Many economists are warning of an imminent recession ...
... Not Even Know It
Macron is not expected to face Le Pen in the runoff for French Presidency.
Viruses Accusation as
Covid
Spreads
The benchmark yield jumped by five basis points after surging 32 basis points last week, when
Federal Reserve
Governor
LaelBrainard
said the central bank will raise interest rates steadily while starting balance-sheet reduction as soon as May. The
Fed
will reduce its massive bond holdings at a maximum speed of $95 billion a month, according to minutes of the March meeting ...
... interest rates to try to cool things down, as prices have climbed throughout the economy. The pace of rate hikes may be faster than most market participants expect. Market participants have been forced to digest the hawkish comments from key Fed members
LaelBrainard
and
Patrick Harker
this week.
That has put upward pressure on bond yields and downward pressure on stock prices.
Deutsche Bank's
Matthew Luzzetti
became the first economist from a major Wall Street firm to predict a U.S. recession as a result ...
... the S&P 500
SPX
, increased 19 points, or 0.43%, to 4500, and the Nasdaq Composite
COMP
, gained 8 points, or 0.06%, to 13897, on Thursday.
The advance for Thursday came after two consecutive declines, following a hawkish speech from the
Fed
Gov.
LaelBrainard
and the release of the last
Federal Open Market Committee
meeting set the stage for a $95 billion reduction in the central bank's balance sheet. The discussion on
Fed
policy will dominate market sentiment, as there is not much in the way of ...