2/19/2023 0 Comments When does fed speek todaySince then, the price shock hitting the region has intensified, leading to a new record inflation reading of 7.5%. Europe, Middle East, AfricaĪ day after the Fed minutes, the ECB will release an account of its own decision in March, when officials surprised financial markets by accelerating their wind-down of stimulus. South Korea gives its latest inflation numbers as hearings get lined up for Bank of Korea nominee Rhee Chang-yong ahead of a meeting later in April. The Reserve Bank of India, which remains at the dovish end of the central bank spectrum, is also expected to hold. It’s her first speech in months as she awaits Senate confirmation for the post of Fed vice chair. ![]() Those figures followed separate data showing a 6.4% jump in the personal expenditures price index, which the Fed uses for its inflation target.įed Governor Lael Brainard will participate in a Minneapolis Fed-hosted virtual discussion on inflation on Tuesday. added close to half a million jobs in March and the unemployment rate fell more than expected, according to government data on Friday. Since then, price pressures have only mounted, and labor market data has shown solid employment growth and an acceleration in wages. In March, the Federal Open Market Committee raised its benchmark interest rate by just a quarter point against a backdrop of Russia’s war in Ukraine and the fastest inflation in four decades. ![]() The last time they shrank the balance sheet, the Fed set caps allowing holdings to run off at $50 billion a month-$30 billion in Treasuries and $20 billion in mortgage backed securities, phased in over a year-but officials have said they expect to go faster this time around. Fed Chair Jerome Powell said the plan will be laid out pretty clearly, hinting that policy makers debated an approach and came down in its favor. Wednesday’s minutes will provide key details of the likely path forward on shrinking the Fed’s balance sheet.
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