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...The government set about firming up the measures following a bank run in October when Credit Suisse suffered more than $100bn of outflows in a matter of weeks following social media rumours about its financial...
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...The reading, which was the highest in three months despite remaining below the long-term average, was boosted by an increase in new orders, signalling firming demand....
...Gone from the official statement was any mention of “additional policy firming” — that is, more rate rises — if the Fed deemed it appropriate....
...“If you don’t take action as expected inflation comes down, then you’re really firming policy,” she said. “You don’t want to inadvertently become more restrictive than you think is appropriate.”...
...Shiseido Uplifting and Firming Express Eye Mask is shaped to cover a broader area than is usual, meaning it can tackle issues from dark circles to wrinkles....
...“After a grey autumn with a likely decline in eurozone GDP in the fourth quarter, the economy looks set to hit bottom before the turn of the year, stabilise in early 2024 and enjoy a firming upswing from...
...broadly reckon the central bank will keep the statement unchanged, meaning it will still include a line outlining the conditions the Fed would take into account to determine “the extent of additional policy firming...
...Then he confirmed that inserting the word “any” into the Fed statement’s discussion of “the extent of any additional policy firming” was a deliberate acknowledgment that rate rises were likely to be over...
...that “data volatility and potential data revisions, or the difficulty of estimating the neutral policy rate” supported the case for “proceeding carefully in determining the extent of additional policy firming...
...In a statement, the Fed spelt out the conditions under which it would consider “any additional policy firming that may be appropriate to return inflation to 2 per cent over time” — softer language that suggests...
...The industry looks to be firming up. That Uber is profitable in cash terms is a big deal. That does not, however, resolve the question of whether it is just a big taxi company. Yes, it generates cash....
...“We think the communication that ‘additional policy firming may be appropriate’ will probably be retained verbatim as the July meeting minutes confirmed that ‘most participants continued to see significant...
...Regular language in its meeting statement was tweaked from: In determining the extent of any additional policy firming that may be appropriate . . ....
...That is an environment where the labour market could very plausibly keep posting sturdy payroll and wage gains, firming up inflation. The Fed has no GDP mandate....
...In a policy statement that was released after its two-day gathering, the Fed scrapped previous guidance it provided in March, which had said “some additional policy firming may be appropriate” to get inflation...
...Asked about the potential for a pause, Williams said “we haven’t said we are done raising rates” and that “if additional policy firming is appropriate we’ll do that.”...
...A spate of headwinds, from a looming government shutdown to the imminent expiry of pandemic-era aid programmes, is now bearing down on the world’s largest economy, firming bets among market participants...
...Rather than highlighting the need for “ongoing increases” in the benchmark rate, as had been the case for a year, the policy statement said “some additional policy firming may be appropriate”....
...“The firming in the dollar index pretty much says it all,” wrote analysts at Action Economics. “The US is still the cleanest dirty shirt in the hamper and that is limiting the negative fallout.”...
...The committee ditched guidance it provided after its last meeting in March, when it said it “anticipates that some additional policy firming may be appropriate” to bring inflation under control....
...become the next Fed vice-chair, said on Wednesday that “skipping a rate hike at a coming meeting would allow the committee to see more data before making decisions about the extent of additional policy firming...
...Indeed, skipping a rate hike at a coming meeting would allow the Committee to see more data before making decisions about the extent of additional policy firming....
...“Indeed, skipping a rate hike at a coming meeting would allow the [Federal Open Market Committee] to see more data before making decisions about the extent of additional policy firming.”...
...Indeed, the Fed’s statement raised the bar for further “policy firming”, without ruling it out. With inflation still high, the Fed was right to keep the door open....
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