After raising key interest rates by 75 basis points in four consecutive monetary policy meetings, US Federal Reserve Governor Christopher J Waller indicated that the Fed would consider a smaller-sized increase at the upcoming meeting.
Speaking at the 59th Annual Economic Forecast Launch event in Phoenix, Arizona, on Wednesday, Governor Waller said data from the past few weeks has led him to consider a 50-basis-point increase in interest rates during the upcoming monetary policy meeting. Made comfortable. "But I won't pass judgment on that until I see the next PCE inflation report and other data, including the next jobs report," Waller said.
Waller said the federal funds rate could still be raised fairly quickly, with as many as 50 basis point increases at times, which would be an accommodative monetary policy. In nine months, the US Fed has increased the target range for the federal funds rate from zero to 3.75 and 4 percent. He said raising interest rates is one tool that usually helps. It creates pressure on the demand in the economy which helps in reducing the rate of inflation.
Inflation in the US remains at a high rate. This situation is due to the post-coronavirus situation, supply-demand imbalance, high food and energy prices, and widespread price pressures. US consumer inflation eased from 8.2 percent in the previous month to 7.7 percent in October but is still well above the target of 2 percent.
There is no hope of respite from the severe cold in the states of North India including Delhi NCR
MS Dhoni showered his love for CSK amidst talks of retirement, said- I will always be with them.
Mahendra Singh Dhoni's future in IPL is being discussed continuously. Many reports claimed that M
'Even his flop film earns 200 crores...', Suniel Shetty gave such a reply on Salman Khan's failure.
Salman Khan, who has given blockbuster films like Bajrangi Bhaijaan, Sultan, and Ek Tha Tiger, ha
The district administration has prepared the blueprint of Prime Minister Narendra Modi's route in
India Forex Reserves: Good news for India, foreign exchange reserves jump by $14.72 billion
India Foreign Currency Reserves: There is good news for India. There has been a tremendous jump i
Prime Minister Narendra Modi on Saturday met prominent yoga instructors Reem Jabak and Nada Adel
The Australian cricket team is known for its alertness and Pakistan for its aggressive approach.
Congress MP Priyanka Gandhi reached Parliament on Monday with a bag supporting Palestine, after w
All the preparations have been completed for the meeting of foreign ministers of the world's most
There are only a few days left for the T20 World Cup to begin. All the teams are busy preparing f
