No Data
Popular candidate for the next chairman of the Federal Reserve: Interest rates may be higher in future economic cycles
Federal Reserve Governor Waller said that in the future economic cycle, interest rates may be higher than the low interest rates in the 2010s, but this has not yet been determined
One of the most influential senior officials of the Federal Reserve: still believes that the US neutral interest rate is low, and warns that fiscal spending is unsustainable
On Friday, Waller, a popular candidate for the next Federal Reserve Chairman and current Federal Reserve Governor, said that he still believes that America's neutral interest rate is relatively low, but warned that unsustainable fiscal spending could change this trend. Waller said that in the short term, he didn't see anything that would cause him to change his opinion on r*. However, this may change in the future, and this is something that requires close attention. What Waller said r* means a neutral interest rate. Neutral interest rates are a theoretical concept that describes policy settings that neither stimulate growth nor suppress demand. It cannot be observed in real time, and the estimated range is highly uncertain. Waller points out
Economics Watch: Goldman Sachs Moves Forecast for Fed's First Rate Cut Back One Meeting to September
Goldman Sachs on Friday moved its forecast for the Federal Reserve's first rate cut back one meeting, from July to September.
How can the Federal Reserve reduce inflation? This major bank made a suggestion: cut interest rates!
Rick Rieder, BlackRock's chief investment officer for global fixed income and head of the global allocation team, said, “Currently, it is unclear to me whether higher (interest rates) will help reduce inflation or actually boost inflation.”
U.S. Durable Goods See Third Straight Months of Gain, a Potential Sign a Slump May Be Ending
Orders for durable goods rose 0.7% in April, marking the third straight monthly gain, the Commerce Department said Friday.
Goldman Sachs Pushes Back Timing for First Fed Rate Cut to September
Economists at Goldman Sachs on Friday pushed back their expectations for the first Federal Reserve interest rate cut of the cycle to September from July.