70214
Fed in Hot Seat
Fed in Hot Seat

Fed in Hot Seat

Fed in Hot Seat

A pair of inflationary indicators whiffed on expectations this week, potentially complicating life for officials at the Federal Reserve as they aim to raise interest rates, reduce the size of their balance sheet and take further steps to move US monetary policy back to a more normal place before year’s end, CNBC reported. Friday’s consumer price index–which tracks the prices consumers pay for an assorted basket of goods and services–ticked up only 0.1% in July after falling flat in June and declining 0.1% in May. Fuel oil again weighed on the inflationary tracker, as prices slid for a sixth consecutive month. But even excluding what have historically proven to be volatile food and energy price components, the core index was up only 1.7% on the year. July, therefore, marked the third consecutive month annual inflation gains sat at a modest 1.7%. The Fed’s primary responsibilities in crafting monetary policy, as delineated by Congress, include maximizing employment in the US and maintaining steady long-term pricing pressures.

Short URL : https://goo.gl/ogtSHZ
  1. https://goo.gl/8BmYJZ
  • https://goo.gl/UQvKCh
  • https://goo.gl/5VeFz7
  • https://goo.gl/dqdPtU
  • https://goo.gl/VhETJq

You can also read ...

China and India continue to remain the most promising investment destinations in 2017.
Developing Asia is expected to witness a 15% increase in...
Thai CB Retains Key Rate
Thailand’s central bank on Wednesday left its key interest...
Elon Musk, Kevin Plank, Bob Iger, Richard Trumka, Kenneth Carleton Frazier
The honeymoon is definitely over. When US President Donald...
Brazil Raises Deficit Ceiling
Brazil is raising its deficit ceiling for this year and 2018...
Riksbank is under pressure to tighten its ultra-loose monetary policy.
Underlying inflation topped the Swedish central bank’s target...
US Household Debt at $12.8 Trillion
US household debt reached a new record in the second quarter,...
At 310% GDP, China’s banking sector is above the advanced economy average and nearly three times  the emerging market average.
China's economy is looking good enough that the International...
Crude oil accounts for 96% of exports and around half of state revenue.
Venezuela might look bad right now amid protests, scarce food...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus