Could Soaring Inflation Slow Down U.S. Federal Reserve's Rate Hike Timetable?

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Could Soaring Inflation Slow Down U.S. Federal Reserve's Rate Hike Timetable?

Investing.com2022-07-04

A sharp drop in the GDP tracker at the Atlanta Federal Reserve indicates the US could already be in a recession, as it fell to a minus 2.1% for the second quarter, following minus 1.6% in the first ...

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Jane82
·2022-07-05
✅
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Singman
·2022-07-05
Ok
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Mm101
·2022-07-05
Like
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1
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Seah CL
·2022-07-05
K
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Thalos
·2022-07-05
Fed can't fixed up much of the broken economy, investors should tapped on opportunities in the mistakes arises through the bear season. Value hunt well
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robot1234
·2022-07-05
Recession fears flare and June jobs report looms as jittery markets head into third quarter. With increased worries about a recession swirling everywhere, Friday’s jobs report and the minutes from the last Fed meeting on Wednesday should be highlights of the week ahead.Economists expect that employers created another 250,000 jobs in June, less than the 390,000 added in May, according to Dow Jones.“I think the market is caught between two narratives,” said one strategist. “I don’t know if it wants good news or bad news. At first, the hot economic news was bad because the Fed could go another 75 basis points and keep going, but now the market wants softer news. But is the landing going to be soft or hard? It’s like threading the needle right now.”
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Aloynty
·2022-07-05
Not gonna be pretty
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3
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Otahman
·2022-07-04
Like pls
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bshian
·2022-07-04
Ok
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Kenang
·2022-07-04
Pls like
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Data from the personal consumption expenditures reading followed closely by the Fed showed disposable income down 0.1% and consumer spending, after adjustment for inflation, down 0.4%.PCE core inflation, excluding volatile food and energy prices, was up 4.7% on the year in May. Overall, however, inflation was up 6.3% on the year, unchanged from April, and up 0.6% on the month, compared to a 0.2% monthly gain in April.This is all bad news. Coupled with the 8.6% gain in the consumer price index reported earlier, the data painted a gloomy picture.The silver lining is that the advent of a recession could prompt Fed policymakers to curb their aggressive rate-hiking, which currently sets a target of 3.8% for overnight rates in 2023, after hitting 3.4% by the end of this year. The June hike brought the target rate to between 1.5% and 1.75%.Although the plan is to raise the fed funds rate by three-quarters of a point at the July 26-27 meeting of the Federal Open Market Committee, Philadelphia Fed President Patrick Harker said policymakers could hold it to a half-point increase if demand softened.Financial markets and policymaking halted for a long July 4 weekend in the US, but Europe was abuzz with talk of inflation and recession as the European Central Bank held its annual forum in the Portuguese resort town Sintra, the equivalent of the Fed’s Jackson Hole meeting in August.Inflation in the eurozone rose to a record high of 8.6% on the year in June, after rising 8.1% in May, as economists had forecast only 8.4% for last month. The Friday report on inflation came after ECB President Christine Lagarde started talking tougher at Sintra and puts pressure on the ECB governing council to raise its policy rate in July by more than the planned quarter-percentage point.Along with recession, the biggest fear for policymakers in Europe is “fragmentation”—wider spreads between government bond yields among eurozone member states. The ECB is working on an anti-fragmentation tool to support the bonds of weaker members.Some analysts are skeptical that the ECB’s new tool can thread the needle between its limited pandemic emergency purchase programme and the never-used Outright Monetary Transactions, which is unlimited but imposes strict conditions on the country supported.When Mario Draghi was head of the ECB and said the central bank would do whatever it takes to save the euro, his credibility as a central banker carried the day. Lagarde and the current crew at the ECB may not be as credible when they finally introduce their support programme.Fed Chairman Jerome Powell, who attended the Sintra forum, continued to hem and haw about getting inflation back to “normal,” but Lagarde was more forthright about how permanent the shift due to COVID and Ukraine is likely to be.“There are forces that have been unleashed as a result of the pandemic, as a result of this massive geopolitical shock that we are facing now, that are going to change the picture and the landscape within which we operate,” she said at the forum.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9070048611,"gmtCreate":1656987309933,"gmtModify":1676535927949,"author":{"id":"4096467270857880","authorId":"4096467270857880","name":"Jane82","avatar":"https://community-static.tradeup.com/news/1acd5f6b9d8a0b685787493fab3d805e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4096467270857880","authorIdStr":"4096467270857880"},"htmlText":"✅&nbsp;","listText":"✅&nbsp;","text":"✅","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070048611","repostId":1138306381,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9047745617,"gmtCreate":1656980239639,"gmtModify":1676535925473,"author":{"id":"3575125836760247","authorId":"3575125836760247","name":"Singman","avatar":"https://static.tigerbbs.com/d770feb757705f2d631d2d5f381ae07b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575125836760247","authorIdStr":"3575125836760247"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047745617","repostId":1138306381,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9047720921,"gmtCreate":1656978918063,"gmtModify":1676535924790,"author":{"id":"3565081661382277","authorId":"3565081661382277","name":"Mm101","avatar":"https://static.tigerbbs.com/01758aa877d9e5a9767d24de3a4e2ff1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3565081661382277","authorIdStr":"3565081661382277"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047720921","repostId":1138306381,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9047799618,"gmtCreate":1656976668634,"gmtModify":1676535923603,"author":{"id":"4102135564535180","authorId":"4102135564535180","name":"Seah CL","avatar":"https://community-static.tradeup.com/news/970bca7b04e85a42a2c8eabed7ec96d0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4102135564535180","authorIdStr":"4102135564535180"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047799618","repostId":1138306381,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9047701277,"gmtCreate":1656976322799,"gmtModify":1676535923438,"author":{"id":"4101955883486630","authorId":"4101955883486630","name":"Thalos","avatar":"https://community-static.tradeup.com/news/55ba87139db7cd8dd783879dbd6ed4c5","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"4101955883486630","authorIdStr":"4101955883486630"},"htmlText":"Fed can't fixed up much of the broken economy, investors should tapped on opportunities in&nbsp;the mistakes arises through the bear season. Value hunt well","listText":"Fed can't fixed up much of the broken economy, investors should tapped on opportunities in&nbsp;the mistakes arises through the bear season. Value hunt well","text":"Fed can't fixed up much of the broken economy, investors should tapped on opportunities in the mistakes arises through the bear season. Value hunt well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047701277","repostId":1138306381,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9047474965,"gmtCreate":1656975978757,"gmtModify":1676535923330,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"idStr":"3561596430587504","authorIdStr":"3561596430587504"},"htmlText":"Recession fears flare and June jobs report looms as jittery markets head into third quarter. With increased worries about a recession swirling everywhere, Friday’s jobs report and the minutes from the last Fed meeting on Wednesday should be highlights of the week ahead.Economists expect that employers created another 250,000 jobs in June, less than the 390,000 added in May, according to Dow Jones.“I think the market is caught between two narratives,” said one strategist. “I don’t know if it wants good news or bad news. At first, the hot economic news was bad because the Fed could go another 75 basis points and keep going, but now the market wants softer news. But is the landing going to be soft or hard? It’s like threading the needle right now.”","listText":"Recession fears flare and June jobs report looms as jittery markets head into third quarter. With increased worries about a recession swirling everywhere, Friday’s jobs report and the minutes from the last Fed meeting on Wednesday should be highlights of the week ahead.Economists expect that employers created another 250,000 jobs in June, less than the 390,000 added in May, according to Dow Jones.“I think the market is caught between two narratives,” said one strategist. “I don’t know if it wants good news or bad news. At first, the hot economic news was bad because the Fed could go another 75 basis points and keep going, but now the market wants softer news. But is the landing going to be soft or hard? It’s like threading the needle right now.”","text":"Recession fears flare and June jobs report looms as jittery markets head into third quarter. With increased worries about a recession swirling everywhere, Friday’s jobs report and the minutes from the last Fed meeting on Wednesday should be highlights of the week ahead.Economists expect that employers created another 250,000 jobs in June, less than the 390,000 added in May, according to Dow Jones.“I think the market is caught between two narratives,” said one strategist. “I don’t know if it wants good news or bad news. At first, the hot economic news was bad because the Fed could go another 75 basis points and keep going, but now the market wants softer news. But is the landing going to be soft or hard? It’s like threading the needle right now.”","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":48,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047474965","repostId":1138306381,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9047454881,"gmtCreate":1656974624743,"gmtModify":1676535922816,"author":{"id":"3575873871496945","authorId":"3575873871496945","name":"Aloynty","avatar":"https://community-static.tradeup.com/news/8bc156c78f1b8fc5d20a5b2da3a5b6aa","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3575873871496945","authorIdStr":"3575873871496945"},"htmlText":"Not gonna be pretty","listText":"Not gonna be pretty","text":"Not gonna be pretty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047454881","repostId":1138306381,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9047563493,"gmtCreate":1656944208812,"gmtModify":1676535919785,"author":{"id":"3567482716620513","authorId":"3567482716620513","name":"Otahman","avatar":"https://static.tigerbbs.com/dbd099972f177a5bb9c4f8a5666b4a77","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3567482716620513","authorIdStr":"3567482716620513"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047563493","repostId":1138306381,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9047514497,"gmtCreate":1656942284319,"gmtModify":1676535919296,"author":{"id":"3576896763784132","authorId":"3576896763784132","name":"bshian","avatar":"https://static.tigerbbs.com/ea8813b91ae8bba6f3905bb49e6986be","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3576896763784132","authorIdStr":"3576896763784132"},"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/9047514497","repostId":1138306381,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9047536863,"gmtCreate":1656940764152,"gmtModify":1676535918970,"author":{"id":"3578783239633074","authorId":"3578783239633074","name":"Kenang","avatar":"https://static.tigerbbs.com/9b932623d314153a412ec6160f17873c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578783239633074","authorIdStr":"3578783239633074"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047536863","repostId":1138306381,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":119,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}