Inflation

Germany’s central bank governor on rates, inflation outlook

Joachim Nagel, Germany’s central bank governor and ECB member, shares his latest thoughts on inflation and the possibility of rate hikes in the euro zone. Bloomberg | Bloomberg | Getty Images The ECB will soon hike rates for the first time in more than a decade, a member of the central bank’s governing council told …

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Stephen Roach gives stagflation warning, calls peak inflation absurd

Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the US is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not …

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Inflation, Russia-Ukraine War Draw G7 Finance Leaders’ Focus | Business News

By FATIMA HUSSEIN and FRANK JORDANS, Associated Press KOENIGSWINTER, Germany (AP) – Finance ministers for the Group of Seven leading economies grappled Thursday with deepening inflation concerns and the immediate effects of Russia’s war in Ukraine, with US Treasury Secretary Janet Yellen warning that it all adds up to a “very difficult economic situation.” Yellen …

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Fed is not focused on impact of rates on stocks, Esther George Says

Kansas City Federal Reserve President Esther George said Thursday that higher interest rates are needed now to bring down inflation and policymakers are not focused on the impact that is having on the stock market. In a CNBC interview, the central bank official noted that the Fed is looking to tighten financial conditions, of which …

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Powell: Fed to keep hiking rates until it controls inflation

WASHINGTON – Chair Jerome Powell on Tuesday underscored the Federal Reserve’s determination to keep raising interest rates until there is clear evidence inflation is steadily falling – a high-stakes effort that carries the risk of causing an eventual recession. The Fed’s increases in its benchmark short-term rate typically lead, in turn, to higher borrowing costs …

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Powell says the Fed will not hesitate to keep raising rates until inflation comes down

US Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on “The Semiannual Monetary Policy Report to Congress,” in Washington, DC, on March 3, 2022. Jonathan Ernst | AFP | Getty Images Federal Reserve Chairman Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases …

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Bank of England warns of ‘apocalyptic’ global food shortage

The series of shocks to inflation are so severe that a Cabinet minister criticized the Bank over the weekend for failing in its “one job – to keep inflation at around 2pc”. Another cabinet minister told The Telegraph that Government figures are “now questioning its independence”. Mr Bailey hit back that the Bank’s independence and …

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