U.S. Federal Reserve officials meet next week again chasing persistent inflation but now balancing that against the first acute tremors from the aggressive interest rate hikes the central bank approved over the past year.
Given the stakes that bit of dissonance seemed unavoidable, and may be accompanied by a slightly softer approach to monetary policy if risks are seen to be intensifying.
The inflation rate in January actually rose, while an Atlanta Fed real-time projection as of March 8 showed gross domestic product expanding at a 2.6% annual rate, well above the economy's roughly 2% underlying potential. that reset expectations for where the Fed was heading, and pushing yields on U.S. Treasury bonds higher and prompting a sell-off in equity markets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mark Cuban calls on Federal Reserve to buy Silicon Valley Bank debtInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Chris Whalen: Collapse of Silicon Valley Bank 'Goes to the Feet of Jerome Powell,' Federal ReserveChris Whalen, chairman of Whalen Global Advisors, blamed Federal Reserve Chair Jerome Powell for the failure of Silicon Valley Bank.
Read more »
Federal Reserve Rolls Out Emergency Measures to Prevent Banking CrisisBreaking: Federal regulators said all depositors of Silicon Valley Bank will get their money and said a second bank, Signature Bank, was closed
Read more »
Treasury, Federal Reserve, FDIC release joint statement mapping out approach to Silicon Valley Bank collapseTreasury Department, Federal Reserve, and the FDIC issued a joint statement Sunday mapping out how regulators will handle the failure of Silicon Valley Bank.
Read more »