Business
Did Powell just blink first in the Fed’s staring contest with inflation?
With rising inflation and the accompanying rising interest rates among the top concerns for S&P/ASX 200 Index (ASX: XJO) investors, we cast our gaze to the latest out of the United States.
Yesterday, overnight Aussie time, US Federal Reserve Chairman Jerome Powell may have blinked first in the central bank’s staring contest with inflation.
Addressing the House Financial Services Committee, Powell said that with very low inflation figures last year and plenty of pent up consumer demand, the Fed does expect inflation to tick up.
He calmed the markets by reiterating that, “Our best view is that the effect on inflation will be…
-
General19 hours agoWallabies vs Italy rugby union Test live updates — blog, scores and stats from Udine
-
General18 hours agoHow the dismissal of Gough Whitlam’s Labor government in 1975 was sealed by the Senate
-
Noosa News10 hours agoPhotographer Nadia Shevtsova remembered by family in touching tribute after deadly crash at Gold Coast
-
General22 hours agoIsrael identifies latest hostage body as Lior Rudaeff, as families await five more