Anti-inflation campaign “has a long way to go” Federal Reserve official Collins: Achieving the 2% target may take longer

Boston Federal Reserve Chairman Collins said that in order to curb demand and reduce pressure on prices, interest rates may need to stay high for 20 years longer.

Zhitong Finance21:04 ET

NY Fed Perli: Fed Has Tools to Deal With Unexpected Money Market Stress

Manager of the System Open Market Account (SOMA) at the New York Federal Reserve (Fed) Roberto Perli noted during prepared remarks on Wednesday that the Fed's recent announcement to slow the pace of Fed balance sheet run-off should reduce prospects for market stress.

FXStreet17:25 ET

New York Federal Reserve official Perli explained in detail the balance sheet and called slowing downsizing an important and prudent step

Federal Reserve Bank of New York official Roberto Perli said that the decision by the Federal Reserve to slow down the pace of contraction gave policymakers more time to evaluate changes in market conditions, and also gave liquidity an opportunity to be redistributed within the banking system. Perli, manager of the System Open Market Account (SOMA for short), which is responsible for the Federal Reserve's asset portfolio, said on Wednesday that although the Fed's balance sheet has been reduced by more than 1.5 trillion US dollars to 7.4 trillion US dollars since starting downsizing, or quantitative austerity, almost two years ago, the US

環球市場播報17:04 ET

US Dollar Sees Mild Gains Amid Remarks From Fed Speakers

The US Dollar Index (DXY) is currently trading with mild gains at 105.45. This gain can be partially attributed to the cautious remarks of members of the Federal Reserve (Fed), who highlighted that rates will be kept high as long as they need to be to bring down inflation. Other than that, there won’t be any relevant highlight from the US economy until next week when the US will release Consumer Price Index (CPI) data from April.

FXStreet12:39 ET

Fed Collins: The Job Market Is Coming to a Better Balance

Federal Reserve Bank of Boston President Susan Collins emphasized that the US economy requires a period of moderation as a means to reattain the central bank's 2% inflation target.

FXStreetMay 8 11:55 ET

Interest rates on 30-year mortgages in the US fell for the first time since the end of March

Interest rates on US mortgages fell for the first time since late March, giving buyers a sigh of relief and boosting mortgage applications for home purchases and refinancing. Contract interest rates for 30-year fixed-rate mortgages fell 11 basis points to 7.18% in the week ending May 3, according to data released by the Mortgage Bankers Association on Wednesday. Prior to that, the interest rate had been rising for four consecutive weeks and had risen to well above 7%. The real estate market is one of the most interest-sensitive sectors of the economy. While mortgage interest rates fell last week, Federal Reserve Chairman Jerome Powell said rate hikes were unlikely, and

環球市場播報May 8 07:37 ET