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Fed Minutes: 'Little Evidence' That Inflationary Pressures Are Fading



Time:8/18/2022 12:32:48 PM

[Federal Reserve meeting minutes: "little evidence" that inflationary pressures are subsiding] news on August 18, the minutes of the Federal Reserve meeting showed that participants agreed that there was "little evidence" that inflationary pressures were subsiding and that it would take quite a long time to resolve question. Participants noted that near-term inflation expectations readings were “consistent” with longer-term expectations stuck at 2 percent. Participants "emphasized" that the slowdown in demand would "play an important role" in bringing inflation down.

Some participants said policy rates must reach a level that is "sufficiently restrictive" to keep inflation in check and remain there for a "period".

Other news:

JPMorgan Chase: If the Fed raises interest rates by only 50 basis points on Wednesday, the S&P 500 index may soar 10% in one day: Golden Finance reports, WatcherGuru tweeted that JPMorgan Chase said that if the Fed raises interest rates by only 50 basis points on Wednesday, The S&P 500 could surge 10% in one day. [2022/11/1 12:03:04]

U.S. Senator: CBDC should be the Fed’s direct debt tool: Golden Finance reported that U.S. Senator Cynthia Lummis spoke in the Senate on Wednesday, explaining her views on the future of the U.S. central bank’s digital currency. Emphasizing the role of CBDC in the next financial era, Lummis said: "The leadership of the United States in global financial services is a tradition that our country is naturally proud of." Lummis then outlined the vision of CBDC, that is, compared to stablecoins, CBDC is The Fed's direct debt facility. In particular, she focused on the importance of programmability, which she highlighted as a key difference between existing versions of a digital dollar and a true CBDC. She further emphasized the importance of continued privacy. In addition, stablecoins also pose certain new risks to the U.S. economy, according to Lummis. In particular, stablecoins should be 100% backed by cash or cash equivalents and should be regularly audited. [2021/9/30 17:16:44]

Federal Reserve Chairman Powell: High inflation is expected to be temporary The Fed has tools to curb excessive inflation: Fed Chairman Powell said that one-off price increases are not sustained inflation. The United States has experienced 25 years of low inflation, and low inflation has been the dominant factor. Don't expect a repeat of the price increases due to tight supply. High inflation is expected to be temporary, and the Fed has tools to curb excessive inflation. We will be watching inflation expectations carefully. The traditional way to fight inflation is to raise interest rates. (Golden Ten) [2021/4/9 19:59:59]

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Jinse Finance News, according to CertiK monitoring.

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