Hints and tips:
...US Federal Reserve chair Jay Powell said it was likely to take “longer than expected” to bring inflation down to the central bank’s 2 per cent target, which does not bode well for Biden....
...Nancy Vanden Houten, lead US economist at Oxford Economics, said she did not think the Fed was going to wait until core inflation returned to 2 per cent before starting to lower interest rates, but they...
...We’ll be watching how chair Jay Powell frames the argument in his press conference, where he speaks for the whole committee....
...Moreover, reckons Nancy Vanden Houten at Oxford Economics, what remains is concentrated among wealthier households. Businesses are also turning more cautious....
...Still, they expect a “noticeable slowdown in growth”, according to Powell, who has long been optimistic about the prospects for a so-called soft landing....
...Gary Morris, principal of Morris Powell Financial Management, has an ADHD diagnosis. He says his neurodiverse clients may avoid interacting with him for long periods....
...Nancy Vanden Houten, lead US economist at Oxford Economics, said a half-point rate rise could not be ruled out, even though it was not her base case....
...“That would be positive for equity markets,” said Nancy Curtin, chief investment officer at Alvarium Tiedemann. “Market expectations around tightening have moved significantly lower....
...“The low level of claims is a reminder that labour market conditions remain extremely tight,” said Nancy Vanden Houten, lead US economist at Oxford Economics....
...of months,” said Nancy Vanden Houten, lead US economist at Oxford Economics....
...Nancy Vanden Houten, lead US economist at Oxford Economics, said that based on the most recent figures, there isn’t “any evidence that wage growth is slowing”....
...Elsewhere, US stocks fell on Tuesday as Nancy Pelosi’s arrival in Taiwan stoked tensions between the US and China....
...We’ve also seen very high growth in rents,” said Nancy Vanden Houten, lead US economist at Oxford Economics....
...Nancy Pelosi has said Congress is close to a deal on Biden’s social spending legislation as the White House and Democrats fight to salvage the US president’s multibillion-dollar spending agenda....
...Jay Powell yesterday said the Federal Reserve was open to the possibility of smaller increases in coming months after the Fed raised its benchmark interest rate by 0.75 percentage points to a target range...
...The central bank’s policy statement is set to be released on Wednesday, followed by a press conference with Powell....
...Despite his “dangerous” tag, Powell is playing it safe....
...Fed chair Jay Powell has previously pushed back against the idea that asset purchases have disproportionately benefited the housing market....
...Fed chair Jay Powell also weighed in to caution against any assumptions the US central bank would be able to “fully protect” financial markets or the economy more broadly in the event no resolution is reached...
...In mid-December, Nancy Pelosi, the Democratic Speaker of the House of Representatives, brushed off calls for legislation to ban trading by members of Congress with a throwaway comment that has come back...
...(WSJ) Powell testimony Federal Reserve Chair Jay Powell is scheduled to testify on coronavirus and the economy before the House Committee on Financial Services....
...Fed chair Jay Powell has dismissed claims the central bank has been complacent about rising inflation that some worry will undercut the US economy....
...Nancy Pelosi, the Democratic Speaker of the House, has scheduled a make-or-break vote on the infrastructure bill for Thursday....
...What else we’re reading Fed leadership question risks markets uncertainty Unusually for a Federal Reserve chair, Jay Powell’s last two press conferences have featured probing questions about his fate at...
...Mike Gregory, a former engineer, and Nancy Gregory, a former classics teacher, from Cambridgeshire, are both in their 80s....
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