$TRUMP
$XAU #OktaCrowdStrikeSurgeOnEarningsBeat #BitcoinHoldsNear$79400 #BestBuyQ2RevenueTopsEstimatesLiftsOutlook #KospiClosesAtRecordHigh #ChinaOpposesUSProposed7.5%Tariff Breaking: New remarks from the Fed hint at raising rates again to curb
inflation
The head of the Federal Reserve Bank of Kansas City, Jeff Schmid, said that the level of interest rates adopted by the Federal Reserve does not constrain the U.S. economy while inflation remains above the central bank’s 2% target.
Schmid explained, in an interview with Bloomberg Television from Jackson Hole, Wyoming, on Thursday, that interest rates, especially in the short term, may actually be at easing levels for the economy, adding that the Fed still has work to do.
Schmid’s remarks come at a time when economists are divided over whether the Federal Reserve needs to raise interest rates in the coming months to curb inflation. The latest price data, released on Wednesday, showed an increase in the Fed’s preferred inflation measure of 3.7% over the year ending in July.
$XAU #OktaCrowdStrikeSurgeOnEarningsBeat #BitcoinHoldsNear$79400 #BestBuyQ2RevenueTopsEstimatesLiftsOutlook #KospiClosesAtRecordHigh #ChinaOpposesUSProposed7.5%Tariff Breaking: New remarks from the Fed hint at raising rates again to curb
inflation
The head of the Federal Reserve Bank of Kansas City, Jeff Schmid, said that the level of interest rates adopted by the Federal Reserve does not constrain the U.S. economy while inflation remains above the central bank’s 2% target.
Schmid explained, in an interview with Bloomberg Television from Jackson Hole, Wyoming, on Thursday, that interest rates, especially in the short term, may actually be at easing levels for the economy, adding that the Fed still has work to do.
Schmid’s remarks come at a time when economists are divided over whether the Federal Reserve needs to raise interest rates in the coming months to curb inflation. The latest price data, released on Wednesday, showed an increase in the Fed’s preferred inflation measure of 3.7% over the year ending in July.
