Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference

1.13K
Comment
1

Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference

Seeking Alpha2022-06-16

"It is essential that we bring inflation down" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

1.13K

Report

Comment

小虎一飞冲天
·2022-06-16
Like pls
Reply
2
Report
phongy 45
·2022-06-16
Awesome
Reply
1
Report
Ahsiang
·2022-06-16
Gogogo
Reply
1
Report
AuntieAaA
·2022-06-16
okay
Reply
2
Report
LEESIMON
·2022-06-16
ok
Reply
2
Report
dragon dog
·2022-06-16
What a dog man
Reply
2
Report
Dollarvan
·2022-06-16
Okay
Reply
3
Report
DarkFate
·2022-06-16
Like
Reply
4
Report
Nayazindagi
·2022-06-16
Ok
Reply
2
Report
Edwardtoh
·2022-06-16
Like
Reply
2
Report
jingabel
·2022-06-16
Ok
Reply
2
Report
leilei369
·2022-06-16
please like thank you
Reply
2
Report
S071
·2022-06-16
Ok
Reply
3
Report
Gackky
·2022-06-16
why will u let inflation goes up in the first place[Facepalm]
Reply
4
Report
Llim
·2022-06-16
Like
Reply
3
Report
Syww
·2022-06-16
[Strong]
Reply
3
Report
FattyBull
·2022-06-16
Nice
Reply
3
Report
Ah Deck
·2022-06-16
Like pls
Reply
4
Report
Sunris3
·2022-06-16
Great
Reply
6
Report
kevinlaisq
·2022-06-16
Pls like
Reply
6
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1128042078?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-06-16 02:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1128042078","market":"us","top_or_hot":-1,"title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","media":"Seeking Alpha","content":"<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","article_id":"1128042078","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","pubTimestamp":1655318537,"sourceInfo":null,"weMediaInfo":null,"summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"降低通货膨胀对维持强劲的劳动力市场至关重要：鲍威尔新闻发布会","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9054117739,"gmtCreate":1655352623721,"gmtModify":1676535621248,"author":{"id":"3582098623642517","authorId":"3582098623642517","name":"小虎一飞冲天","avatar":"https://static.tigerbbs.com/1a55a61195830e019abf5d3cc69681b9","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054117739","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054119005,"gmtCreate":1655351333607,"gmtModify":1676535621056,"author":{"id":"4101978790494150","authorId":"4101978790494150","name":"phongy 45","avatar":"https://static.tigerbbs.com/f6f41e543307358288f75d55fe347ad2","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054119005","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054132724,"gmtCreate":1655350665168,"gmtModify":1676535620950,"author":{"id":"3582617881962608","authorId":"3582617881962608","name":"Ahsiang","avatar":"https://static.tigerbbs.com/310f96e7696af85ae33ece774a483d15","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054132724","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054192774,"gmtCreate":1655349789898,"gmtModify":1676535620679,"author":{"id":"3583049143664216","authorId":"3583049143664216","name":"AuntieAaA","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"okay","listText":"okay","text":"okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054192774","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054199769,"gmtCreate":1655349308751,"gmtModify":1676535620406,"author":{"id":"3579044609497336","authorId":"3579044609497336","name":"LEESIMON","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":9,"crmLevelSwitch":1},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054199769","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054106455,"gmtCreate":1655348759077,"gmtModify":1676535620257,"author":{"id":"4112861117016712","authorId":"4112861117016712","name":"dragon dog","avatar":"https://community-static.tradeup.com/news/5d481067e1c28769c62f4bdec1bfb603","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"What a dog man","listText":"What a dog man","text":"What a dog man","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054106455","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054348054,"gmtCreate":1655346777178,"gmtModify":1676535619576,"author":{"id":"3555014251535651","authorId":"3555014251535651","name":"Dollarvan","avatar":"https://static.tigerbbs.com/0316ab12b442ee2cd79936de06de5089","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054348054","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054354715,"gmtCreate":1655346391837,"gmtModify":1676535619454,"author":{"id":"4097476142152970","authorId":"4097476142152970","name":"DarkFate","avatar":"https://static.tigerbbs.com/a22f6ff84fe185b6d3ad31b8673302d8","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054354715","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054352632,"gmtCreate":1655346233526,"gmtModify":1676535619404,"author":{"id":"4099402595795420","authorId":"4099402595795420","name":"Nayazindagi","avatar":"https://static.tigerbbs.com/491906a0e23ae13ce2be00cf4d568603","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054352632","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054326305,"gmtCreate":1655345260508,"gmtModify":1676535619163,"author":{"id":"3586301355400538","authorId":"3586301355400538","name":"Edwardtoh","avatar":"https://static.tigerbbs.com/b46042c9b9b5dcea7d55f33bccb139cc","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054326305","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054364590,"gmtCreate":1655344674110,"gmtModify":1676535618939,"author":{"id":"3579683280519440","authorId":"3579683280519440","name":"jingabel","avatar":"https://static.tigerbbs.com/5109716c64f0b691a5098e4d5397ffc2","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054364590","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054362590,"gmtCreate":1655344515110,"gmtModify":1676535618891,"author":{"id":"3575875080700779","authorId":"3575875080700779","name":"leilei369","avatar":"https://static.tigerbbs.com/e0053a3e60a64fad43c71bb67e80bccd","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"please like thank you&nbsp;","listText":"please like thank you&nbsp;","text":"please like thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054362590","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054366232,"gmtCreate":1655344446927,"gmtModify":1676535618867,"author":{"id":"3582712430239719","authorId":"3582712430239719","name":"S071","avatar":"https://static.tigerbbs.com/1f21cc4747e7e36aaf24e423fd9d808b","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054366232","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054361886,"gmtCreate":1655344305645,"gmtModify":1676535618816,"author":{"id":"3574326723774097","authorId":"3574326723774097","name":"Gackky","avatar":"https://static.tigerbbs.com/5898b44bf5a31bf2b9d4e37227ed8177","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"why will u let inflation goes up in the first place[Facepalm]&nbsp;","listText":"why will u let inflation goes up in the first place[Facepalm]&nbsp;","text":"why will u let inflation goes up in the first place[Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054361886","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054387961,"gmtCreate":1655344057954,"gmtModify":1676535618731,"author":{"id":"4105239963331670","authorId":"4105239963331670","name":"Llim","avatar":"https://community-static.tradeup.com/news/ebdd6aa492c9d80d8a2c1a18334bff87","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054387961","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054380818,"gmtCreate":1655343419934,"gmtModify":1676535618552,"author":{"id":"4087953623473280","authorId":"4087953623473280","name":"Syww","avatar":"https://static.tigerbbs.com/eb83576edbcfb98efcb33d606f168221","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[Strong]&nbsp;","listText":"[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054380818","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054318231,"gmtCreate":1655343071523,"gmtModify":1676535618435,"author":{"id":"4115527649974162","authorId":"4115527649974162","name":"FattyBull","avatar":"https://community-static.tradeup.com/news/373415101d06ff7417c1853d1330e794","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":3,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054318231","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054313178,"gmtCreate":1655342892794,"gmtModify":1676535618372,"author":{"id":"4098445225447010","authorId":"4098445225447010","name":"Ah Deck","avatar":"https://static.tigerbbs.com/0e52eb1e14e0f630d24f1687ea546cd8","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054313178","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054336754,"gmtCreate":1655342494178,"gmtModify":1676535618148,"author":{"id":"3581632171272762","authorId":"3581632171272762","name":"Sunris3","avatar":"https://static.tigerbbs.com/b069abdd5543b78374d0994f89a22816","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054336754","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054395353,"gmtCreate":1655341878572,"gmtModify":1676535617942,"author":{"id":"3572874548548490","authorId":"3572874548548490","name":"kevinlaisq","avatar":"https://static.tigerbbs.com/329de1199f764a89b7cadf50308e183d","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054395353","repostId":1128042078,"repostType":4,"repost":{"id":"1128042078","pubTimestamp":1655318537,"share":"https://www.laohu8.com/m/news/1128042078?lang=&edition=full","pubTime":"2022-06-16 02:42","market":"us","language":"en","title":"Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1128042078","media":"Seeking Alpha","summary":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor marke","content":"<html><head></head><body><ul><li>&#34;It is essential that we bring inflation down&#34; in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.</li><li>There are some signs of economic softening, particularly in the housing market, he said.</li><li>The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are &#34;weighted to the upside,&#34; he said.</li><li>Some indicators are indicating that inflation has risen, the Fed chair said.</li><li>The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn&#39;t &#34;expect moves of this size to be common.&#34; Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay &#34;nimble.&#34;</li><li>With inflation being as high as it is, &#34;we feel it&#39;s helpful to provide even more clarity than usual,&#34; he said. Markets have responded and &#34;appear to understand the path we&#39;re taking.&#34;</li><li>&#34;We thought strong action was needed, and we delivered it,&#34; he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn&#39;t happen.</li><li>&#34;Demand is still very hot.&#34; Especially in the labor market, the demand is significantly higher than supply, he said. &#34;We feel there&#39;s a role for us in modifying demand.&#34;</li><li>The Fed will have to see &#34;compelling evidence that inflation is coming down&#34; before it slows down on its actions.</li><li>Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.</li><li>&#34;We are not trying to induce a recession,&#34; Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn&#39;t have control over.</li><li>&#34;Overall, inflation is very strong,&#34; he said. While there&#39;s been some shifts in spending, &#34;there&#39;s no sign of a slowdown.&#34; In addition, he commented, &#34;Ultimately it does appear the U.S. economy is in a strong position&#34; and will be able to deal with higher interest rates.</li><li>On the Fed&#39;s pace of raising rates: &#34;There&#39;s always a risk of going too far or not going far enough. It&#39;s going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.&#34;</li><li>&#34;I think we can get a softish landing,&#34; he noted. That phrasing appears to be less confident than the comments he made in May that he saw a &#34;number of plausible paths to a soft, or softish, landing.&#34;This time, he noted, that commodity price fluctuations could &#34;take the possibility of a softish landing out of our hands.&#34;</li><li>On quantitative tightening, &#34;we&#39;ve communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.&#34;</li><li>&#34;We are watching to see how much rates will affect residential investment and housing prices,&#34; he said. There&#39;s a tremendous amount of unfinished homes, but there&#39;s a very low supply of finished homes.</li><li>Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBringing Down Inflation Essential to Maintain a Strong Labor Market: Powell Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3848960-bringing-down-inflation-essential-to-maintain-a-strong-labor-market-powell-press-conference","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128042078","content_text":"\"It is essential that we bring inflation down\" in order to maintain a sustainable strong labor market and an economy that works for everyone, Federal Reserve Chair Jerome Powell said Wednesday in his press conference after thecentral bank increased itskey policy rate by 75 basis points, its biggest hike since 1994.There are some signs of economic softening, particularly in the housing market, he said.The 75-bp rate hike shows investors that the Fed is serious in its mission to reduce inflation. Risks to inflation are \"weighted to the upside,\" he said.Some indicators are indicating that inflation has risen, the Fed chair said.The committee anticipates that ongoing rate increases will be appropriate, Powell said, but he doesn't \"expect moves of this size to be common.\" Moves of 50 bps or 75 bps appear most likely at the next meeting, he added, while emphasizing that the FOMC needs to stay \"nimble.\"With inflation being as high as it is, \"we feel it's helpful to provide even more clarity than usual,\" he said. Markets have responded and \"appear to understand the path we're taking.\"\"We thought strong action was needed, and we delivered it,\" he said. The reason the FOMC made a bigger move than 50 bps is the committee had expected inflation to show signs of flattening and that didn't happen.\"Demand is still very hot.\" Especially in the labor market, the demand is significantly higher than supply, he said. \"We feel there's a role for us in modifying demand.\"The Fed will have to see \"compelling evidence that inflation is coming down\" before it slows down on its actions.Fed swaps market shows a 75bp hike is not fully priced in for July, Bloomberg reported. The CME FedWatchtoolputs a 61.6% probability on a 50bp hike in July.\"We are not trying to induce a recession,\" Powell said. Rather, the Fed is trying to bring inflation down to 2% while keeping the labor market strong. He also pointed out that there are many factors in inflation that the Fed doesn't have control over.\"Overall, inflation is very strong,\" he said. While there's been some shifts in spending, \"there's no sign of a slowdown.\" In addition, he commented, \"Ultimately it does appear the U.S. economy is in a strong position\" and will be able to deal with higher interest rates.On the Fed's pace of raising rates: \"There's always a risk of going too far or not going far enough. It's going to be a very tough judgment to make... But the worst mistake we can make is to fail. We have to restore price stability.\"\"I think we can get a softish landing,\" he noted. That phrasing appears to be less confident than the comments he made in May that he saw a \"number of plausible paths to a soft, or softish, landing.\"This time, he noted, that commodity price fluctuations could \"take the possibility of a softish landing out of our hands.\"On quantitative tightening, \"we've communicated really clearly with the markets, and they seem to be okay with that... It seems to be understood and accepted at this point.\"\"We are watching to see how much rates will affect residential investment and housing prices,\" he said. There's a tremendous amount of unfinished homes, but there's a very low supply of finished homes.Top Fed officials also expect that rate to top 3% in 2022, according to the dot plot in its latest Summary of Economic Projections","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1133,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}