Federal Reserve officials adjourned their July 26-27 policy meeting with an unusually long eight-week break before their next gathering, sending a heavier-than-normal amount of U.S. data about inflation, jobs, and the economy to their in-boxes.
The interlude, however, has been less clarifying than humbling as U.S. central bank officials gained little sense of how their battle against inflation may end, and instead acknowledged the fight may take longer than expected.
All told, despite the Fed's fastest set of rate hikes since the early 1980s, inflation so far is moving sideways. For inflation to fall from its current annual pace to something near the Fed's 2% target, the month-to-month increase would have to average around 0.2%, about a third of what it has been averaging since the start of 2021.Most sobering, the mechanics aren't working as expected.
More notably for the Fed, the job market not only remains strong, it is starting to behave in ways that policymakers have hoped for.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Chick-fil-A introduces 'Autumn Spice' milkshake initially tested in Salt Lake City in 2021Pumpkin Spice Latte lovers, make room for another seasonal treat that took Salt Lake City by storm in 2021, Chick-fil-A's 'Autumn Spice' milkshake.
Consulte Mais informação »
What the A’s have to do to avoid second 100-loss season in Oakland franchise historyOakland has lost nine of its past 11 games after a one-win homestand, and the rest of the schedule isn’t favorable for an A’s hot streak.
Consulte Mais informação »
Fremont’s Mathias hits game-winning home run against A’sA’s blow five-run lead as Santa Clara-born Mathias sends Oakland to its 10th loss in 12 games.
Consulte Mais informação »
Dow falls 1,250 as inflation maintains grip on US economyMany of the data points within the inflation report were worse than economists expected, including some the Fed pays particular attention to, such as inflation outside of food and energy pri
Consulte Mais informação »
Mathias Caps Big Night With HR in 9th as Rangers Edge A'sMark Mathias hit a solo home run with one out in the bottom of the ninth for his second homer, third extra-base hit and fourth RBI of the game as the Texas Rangers rallied from a five-run deficit to beat the Oakland Athletics 8-7 on Tuesday night. Mathias pulled the ball over the left-field fence off Joel Payamps, who came on in the ninth. Brock Burke, the last of three Texas pitchers, threw two scoreless innings to earn the win. Rookie Dermis Garcia had a three-run home run and career-high four RBI for the A’s.
Consulte Mais informação »
Mortgage Demand From Homebuyers Falls 29% Since Last Year, as Interest Rates Surge Past 6%Rates are surging due in large part to the Fed’s hawkish inflation policies, and that’s weighing on mortgage demand.
Consulte Mais informação »