Fed Chairman Powell: Next six months critical for inflation

105
8
Favorite

Fed Chairman Powell: Next six months critical for inflation

yahoo2021-07-15

Federal Reserve Chairman Jerome Powell on Wednesday downplayed the recent string of high readings of inflation, telling Congress that price pressures will still likely abate. On Tuesday, figures from ...

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.

105

Report

Comment（8）

Henryset
·2021-07-15
Good
Reply
Like
Report
CGE
·2021-07-15
Like and comment
Reply
2
Report
Fold Replies
- TeckLeong:
  Liked and comment back pls
  2021-07-15
  Reply
  Report
MeiQuen
·2021-07-15
Ok
Reply
1
Report
Magdalene89
·2021-07-15
Good
Reply
1
Report
InvKeJ
·2021-07-15
All the best
Reply
5
Report
Fold Replies
- CubTrader:
  ?
  2021-07-15
  Reply
  Report
sfleong1
·2021-07-15
Like n comment
Reply
3
Report
Fold Replies
- Andtendo:
  Oki
  2021-07-15
  Reply
  Report
Iankoh
·2021-07-15
Ok
Reply
4
Report
Fold Replies
- May88888:
  ok
  2021-07-15
  Reply
  Report
Traderer
·2021-07-15
Comment
Reply
4
Report
Fold Replies
- sexymint:
  no
  2021-07-15
  Reply
  Report
- Iankoh:
  Ok
  2021-07-15
  Reply
  Report
- Darylzhuo:
  Ok
  2021-07-15
  Reply
  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/1173211213?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-15 07:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1173211213","market":"us","top_or_hot":-1,"title":"Fed Chairman Powell: Next six months critical for inflation","media":"yahoo","content":"<div>\n<p>Federal Reserve Chairman Jerome Powell on Wednesday downplayed the recent string of high readings of inflation, telling Congress that price pressures will still likely abate.\nOn Tuesday, figures from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-chairman-powell-next-six-months-critical-for-inflation-201848897.html\">Source Link</a>\n\n</div>\n","source":"lsy1584348713084","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>Fed Chairman Powell: Next six months critical for inflation</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\">\nFed Chairman Powell: Next six months critical for inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 07:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-chairman-powell-next-six-months-critical-for-inflation-201848897.html><strong>yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Federal Reserve Chairman Jerome Powell on Wednesday downplayed the recent string of high readings of inflation, telling Congress that price pressures will still likely abate.\nOn Tuesday, figures from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-chairman-powell-next-six-months-critical-for-inflation-201848897.html\">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":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://finance.yahoo.com/news/fed-chairman-powell-next-six-months-critical-for-inflation-201848897.html","article_id":"1173211213","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1173211213","pubTimestamp":1626305337,"columns":[],"sourceInfo":{"source_id":"lsy1584348713084","name":"yahoo"},"weMediaInfo":null,"summary":"Federal Reserve Chairman Jerome Powell on Wednesday downplayed the recent string of high readings of","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"translate_title":"美联储主席鲍威尔：未来六个月对通胀至关重要","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9},"content_text":"Federal Reserve Chairman Jerome Powell on Wednesday downplayed the recent string of high readings of inflation, telling Congress that price pressures will still likely abate.\nOn Tuesday, figures from the Bureau of Labor Statistics showed the Consumer Price Indexincreasing by 5.4% on a year-over-year basisin June, the fastest pace since August 2008. A read on producers also showed prices accelerating to thelargest annual increase in over a decade, testing the Fed on its commitment to only let inflation “moderately” overshoot its 2% inflation target.\n“Right now of course inflation is not moderately above 2%, it is well above 2%. It’s nothing like ‘moderately,’” Powell told the House Financial Services Committee in testimony on Wednesday.\nBut Powell said the question is whether or not inflation will move down six months from now, which remains his expectation.\n“It will depend on the path of the economy, it really will,” he said.\nPowell acknowledged that inflation data has come in higher than expected and did not rule out the possibility that those price pressures could be more persistent than expected.\nBut the Fed chief pointed to used car and truck prices as evidence of the “transitory” nature of higher inflation readings. The BLS noted that prices in that category increased by 10.5% just between May and June, which the government agency said accounted for more than one-third of the rise in the seasonally adjusted inflation figures.\n“It’s just a perfect storm of high demand and low supply. And it should pass. Unless we think there's going to be a multi-year shortage of used cars in the United States, we should look at [high inflation] as temporary,” Powell said.\nPowell’s testimony came alongside the Fed’s “Beige Book,” which details economic conditions across the country. Thereportnoted that some business contacts described pricing pressures as temporary, but “the majority expected further increases in input costs and selling prices in the coming months.”\nFor the Fed, the next major policy question is when to begin slowing its pace of asset purchases. Since the depths of the pandemic, the Fed has been purchasing about $120 billion a month in U.S. Treasuries and agency mortgage-backed securities.\nThe Fed chairman said more details on when the Fed may slow the pace of so-called “quantitative easing” could come in the Fed’s next policy-setting meeting on July 27 and 28.\n“We don’t want to surprise markets or the public, and we will provide lots of notice as we go forward on that,” Powell said.\nThe Fed chairman will return to Capitol Hill to testify in front of the Senate Banking Committee on Thursday morning.","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":144430370,"gmtCreate":1626309229990,"gmtModify":1703757510108,"author":{"id":"3585126119614872","authorId":"3585126119614872","name":"Henryset","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3585126119614872","idStr":"3585126119614872"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144430370","repostId":1173211213,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":144545864,"gmtCreate":1626307805758,"gmtModify":1703757466451,"author":{"id":"3584000899703971","authorId":"3584000899703971","name":"CGE","avatar":"https://static.tigerbbs.com/b8e167178f9d1ac99fa1763f8545f998","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3584000899703971","idStr":"3584000899703971"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144545864","repostId":1173211213,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5223993,"gmtCreate":1626311936327,"gmtModify":1663230986948,"authorId":3583037256607811,"author":{"id":3583037256607811,"idStr":"3583037256607811","authorId":3583037256607811,"name":"TeckLeong","avatar":"https://static.tigerbbs.com/8ab4cb02daedd7a5193ca45de25e12fe","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.22","exceedPercentage":"60.15%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144545864,"type":1,"supId":0,"prevId":0,"content":"Liked and comment back pls","text":"Liked and comment back pls","html":"Liked and comment back pls"}],"langContent":"EN"},{"id":144525141,"gmtCreate":1626307160683,"gmtModify":1703757437974,"author":{"id":"3585254321109691","authorId":"3585254321109691","name":"MeiQuen","avatar":"https://community-static.tradeup.com/news/77a170a49292206907df3480a00a729f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3585254321109691","idStr":"3585254321109691"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144525141","repostId":1173211213,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":144584087,"gmtCreate":1626306391549,"gmtModify":1703757410831,"author":{"id":"3582660441215591","authorId":"3582660441215591","name":"Magdalene89","avatar":"https://static.tigerbbs.com/ebb4c866593af8c808394f620f5b7d43","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582660441215591","idStr":"3582660441215591"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144584087","repostId":1173211213,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":144588128,"gmtCreate":1626306229864,"gmtModify":1703757405547,"author":{"id":"3568604152273081","authorId":"3568604152273081","name":"InvKeJ","avatar":"https://static.tigerbbs.com/eb46c2d2a0ca796984a96209e201759d","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3568604152273081","idStr":"3568604152273081"},"htmlText":"All the best","listText":"All the best","text":"All the best","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144588128","repostId":1173211213,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5222793,"gmtCreate":1626306569066,"gmtModify":1635229075706,"authorId":3552620505563005,"author":{"id":3552620505563005,"idStr":"3552620505563005","authorId":3552620505563005,"name":"CubTrader","avatar":"https://static.tigerbbs.com/bf7145f19b342af15e8d455a8e30aaa8","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.23","exceedPercentage":"93.51%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144588128,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":144583242,"gmtCreate":1626306166686,"gmtModify":1703757403731,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144583242","repostId":1173211213,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5222898,"gmtCreate":1626306964080,"gmtModify":1663230984735,"authorId":3577917241557928,"author":{"id":3577917241557928,"idStr":"3577917241557928","authorId":3577917241557928,"name":"Andtendo","avatar":"https://static.tigerbbs.com/a36b92c865704901397ab4e190d5ad8a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144583242,"type":1,"supId":0,"prevId":0,"content":"Oki","text":"Oki","html":"Oki"}],"langContent":"EN"},{"id":144516653,"gmtCreate":1626305869972,"gmtModify":1703757392044,"author":{"id":"3578734814169950","authorId":"3578734814169950","name":"Iankoh","avatar":"https://static.tigerbbs.com/bb35a16ba417d6fd82438ce549c7492d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3578734814169950","idStr":"3578734814169950"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144516653","repostId":1173211213,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5222626,"gmtCreate":1626305885881,"gmtModify":1663230979144,"authorId":3580718704850078,"author":{"id":3580718704850078,"idStr":"3580718704850078","authorId":3580718704850078,"name":"May88888","avatar":"https://static.tigerbbs.com/8877d7f27cc30c3492598ce08795104f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144516653,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":144510823,"gmtCreate":1626305659262,"gmtModify":1703757385433,"author":{"id":"3570425781092134","authorId":"3570425781092134","name":"Traderer","avatar":"https://static.tigerbbs.com/b5c7a5f3870594e68fa71550c857360d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3570425781092134","idStr":"3570425781092134"},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/144510823","repostId":1173211213,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5222774,"gmtCreate":1626306522516,"gmtModify":1663230985130,"authorId":3561164848573536,"author":{"id":3561164848573536,"idStr":"3561164848573536","authorId":3561164848573536,"name":"sexymint","avatar":"https://community-static.tradeup.com/news/a54ee2b9637460582a780737f4e76f73","vip":1,"currentWearingBadge":{"badgeId":"f00de38e20574ad1abf55a15966547c8-6","templateUuid":"f00de38e20574ad1abf55a15966547c8","name":"Average winning trade","description":"Top 3%","bigImgUrl":"https://community-static.tradeup.com/news/a598d1c237f4abca28b7dec180a69b90","smallImgUrl":"https://community-static.tradeup.com/news/6b82de83729a6fa0c5bd4e93dcee29be","grayImgUrl":"https://community-static.tradeup.com/news/b7430ddcdaa39bc9a65efade13881001","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.11.12","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5200},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144510823,"type":1,"supId":5222616,"prevId":0,"content":"no","text":"no","html":"no"},{"id":5222625,"gmtCreate":1626305881093,"gmtModify":1663230980047,"authorId":3578734814169950,"author":{"id":3578734814169950,"idStr":"3578734814169950","authorId":3578734814169950,"name":"Iankoh","avatar":"https://static.tigerbbs.com/bb35a16ba417d6fd82438ce549c7492d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144510823,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":5222616,"gmtCreate":1626305814267,"gmtModify":1663230979228,"authorId":3582714812293607,"author":{"id":3582714812293607,"idStr":"3582714812293607","authorId":3582714812293607,"name":"Darylzhuo","avatar":"https://static.tigerbbs.com/fd5e4be85ccfbeb4c1c4b4faed74f6f1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144510823,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":105,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}