Sticky Inflation Report Raises Jackson Hole Stakes for Fed’s Warsh
11 Articles
11 Articles
Fed’s Warsh faces challenge whether inflation is a problem or not
By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming, Aug 27 (Reuters) - U.S. auto prices rose at a roughly 5% annualized pace in July, housing and utility costs increased at more than a 3.5% rate, and recreational goods prices soared by a double-d...
Sticky Inflation Report Raises Jackson Hole Stakes for Fed’s Warsh
On the menu at the Jackson Hole Economic Policy Symposium’s annual Friday night barbecue? Sticky maple-glazed burnt ends and even stickier inflation. The latest personal consumption expenditures (PCE) data from the US Bureau of Economic Analysis on Wednesday showed inflation climbed 3.7% year over year in July. That’s above expectations and enough to place renewed pressure on Federal Reserve Chairman Kevin Warsh to address inflation head-on in …
Muted Inflation Advance Offers Fed Breathing Room Ahead of Jackson Hole Symposium
Meera Pandit, Executive Director and Global Market Strategist at JPMorgan Asset Management, discussed the recent muted increase in personal consumption expenditures and its implications for Federal Reserve policy. With core inflation at 3.3%, above the 2% target but far below the highs seen in previous years, the Fed faces a dilemma on whether to raise rates further. She speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomb…
From August 27th to 29th, the meeting will be held, where the eyes of the market will focus on this Friday, when the Fed president, Kevin Warsh, exposes. Interest rates and high levels of Treasury bonds are in focus.
The Fed's preferred level of inflation remains well above its target. It is questionable whether the head of the central bank is already presenting a credible counter-strategy in Jackson Hole.
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