Stronger-than-expected data could complicate direction of monetary policy
Jerome Powell
Fed chair says US central bank intends to ‘hold policy at a restrictive level’ until price pressures abate
Smart Money: Borrowers can benefit from an eye to monetary policy trends when planning their finances
Officials think more tightening is needed amid tight labour market and ‘upside risks’ to inflation
Raphael Bostic said it was now time to ‘wait and let policy work’ after 5 percentage points rise since March 2022
Fed, ECB and other leaders say tight labour markets mean most aggressive tightening in a generation must continue
Bank of England raised rates by heftier-than-expected 50 basis points on Thursday
First reprieve since US central bank embarked on aggressive monetary tightening programme last year
Quarter-point uptick is 10th hike in little over a year
Market volatility has been three times greater during press conferences held by Powell than those held by his predecessors, Bernanke and Yellen
Federal Reserve’s hike-and-hope move risks credit crunch as banking crisis rattles markets
Banking sector jitters lead to calls for restraint but inflation still hasn’t gone away
Consumer prices rise as Fed weighs next move on rates after Silicon Valley Bank fallout
Fed chief Jerome Powell spooked investors last week, saying he was ‘prepared to increase the pace of rate hikes’
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