Bloomberg
Fed's Collins: Rising Yields May Reduce Need for Hikes
Federal Reserve Bank of Boston President Susan Collins says the current phase of monetary policy requires patience during a community banking conference hosted by the Boston Fed.
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Evercore's Schlosstein on Inflation, Stocks, Bond Yields
Evercore Chair Emeritus Ralph Schlosstein discusses the outlook for inflation and the state of financial markets with Alix Steel and Guy Johnson on "Bloomberg Markets."
Bloomberg
Core CPI Up for Second Month, Jobless Claims Unchanged
The core CPI increased 0.3% last month as initial jobless claims remained unchanged at 209,000. Mike McKee reports on "Bloomberg Surveillance."
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Shaoul: US Will Need Yield-Curve Control
Michael Shaoul of Marketfield Asset Management sees some sort of yield curve control being brought into the US. "At the end of the day, financial stability is the unspoken mandate of the Federal Reserve."
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JPM's Kelly Sees US Hitting Fed's 2% Inflation Target Next Year
JPMorgan Asset Management Chief Global Strategist David Kelly says the uptick seen in the September CPI report is "not really" changing his mind on the ultimate path of US inflation. "I think we're on track for headline CPI being at 2%...
Bloomberg
ECB's Centeno Says Current Interest-Rate Stance Will Bring Inflation to 2%
European Central Bank Governing Council member Mario Centeno says he's confident that current monetary-policy settings will make "a substantial contribution to the 2% objective" and that the stance will continue "until we are totally...
Bloomberg
ECB Has 'Maybe' Reached Peak Interest Rates: Wunsch
European Central Bank Governing Council Member and National Bank of Belgium Governor Pierre Wunsch says, "we don't have to hike anymore," if inflation numbers keep aligning with the forecast. He speaks on the sidelines of the annual...
Bloomberg
Europe Faces Inflation Risks in 'Weak Economy': Gentiloni
European Union Economy Commissioner Paolo Gentiloni says it is "too soon to measure" the economic impact of the Israel-Hamas war as he sees the European economy as weak, but not in recession. He speaks on the sidelines of the annual...
Bloomberg
LSEG CEO: Not Ideal Environment for IPOs (Correct)
London Stock Exchange Group CEO David Schwimmer said it's not an ideal environment for IPOs with the war ongoing in Europe, Middle East and inflation concerns. He still believes that the pipeline is growing and London continues to be the...
Bloomberg
FOMC Officials Agreed Rates Should Remain Restrictive
"All participants" agreed that the committee was in a position to "proceed carefully," according to the minutes from the September meeting of the Federal Reserve's policy-setting Federal Open Market Committee. Mike McKee reports on...
Bloomberg
US PPI Rises More Than Forecast on Higher Energy Costs
The producer price index for final demand advanced 0.5% from a month earlier, according to the Bureau of Labor Statistics. The cost of gasoline increased 5.4%. Excluding food and energy, the PPI climbed 0.3%. Mike McKee reports on...
Press Association
Varadkar defends Budget 2024 while canvassing in Dublin
Taoiseach Leo Varadkar has defended the Government’s Budget, insisting that spending more may have been “counterproductive” as it would have fuelled inflation. Mr Varadkar was speaking after he joined party colleagues on a post-budget...
Bloomberg
IMF's Gopinath on Economic Concerns of Israel-Hamas War
"If it turns into a wider conflict that causes oil prices to go up, that does have an effect on the economies," says IMF First Deputy managing Director Gita Gopinath as she discusses the potential economic implications of the...
Bloomberg
SARB's Kganyago: Job on Inflation Front 'Not Yet Done'
"We remain vigilant and we stand ready to deploy our tools as necessary," says South African Reserve Bank Governor Lesetja Kganyago as the central bank looks for more evidence that inflation is easing sustainably. He speaks on the...
Bloomberg
Fed's Bostic: Policy Rate Sufficiently Restrictive to Get Inflation to 2%
Federal Reserve Bank of Atlanta President Raphael Bostic said, "I actually don't think we need to increase rates anymore," as he spoke about bringing inflation back to the Fed's 2% target. Bostic said he does not have a recession in his...
Bloomberg
GoFundMe CEO on 'Significant' UK Growth
Tim Cadogan, chief executive officer of the crowdfunding platform, GoFundMe, says inflation and the cost of living crisis is leading to changes in consumer patterns, but the UK remains a place of significant growth. He also said the...
Bloomberg
IMF Sees Weak Global Growth in 2024 Amid Stubborn Inflation
"The global economy is limping along, not sprinting," said International Monetary Fund Chief Economist Pierre-Olivier Gourinchas as the IMF lifted its global inflation forecast for next year and sees global growth of 2.9% for next year,...
Bloomberg
RBA Hikes Are Cooling Prices, Though Lags Remain: Assistant Governor
Reserve Bank of Australia Assistant Governor Chris Kent says the central bank's aggressive monetary policy tightening is working to cool inflation, though lags in transmission mean the full effects of interest-rate increases to-date are...
Bloomberg
Fed's Daly: Could See Nominal Neutral Interest Rate at 3%
"5% is not going to be the new neutral. There's no evidence that that will be the new neutral." Federal Reserve Bank of San Francisco President Mary Daly said the neutral interest rate could be higher now than before the pandemic, though...
Press Association
Sir Keir Starmer says voters in 'survival mode' over cost-of-living crisis
Sir Keir Starmer shared a story of how the cost-of-living crisis ;whittles away at our joy;, and said Labour must grasp big decisions for working people in the UK. After sharing a story of his own holiday to the Lake District, the Labour...
Bloomberg
Jefferson: Fed Can Proceed Carefully Amid Rising Yields
"The FOMC is in a position to proceed carefully in assessing the extent of any additional policy firming that may be necessary," Federal Reserve Vice Chair Philip Jefferson says during remarks at a National Association for Business...
Bloomberg
Fed's Logan: Yields May Mean Less Need to Raise Rates
"If term premiums rise, they could do some of the work of cooling the economy for us, leaving less need for additional monetary policy tightening," Federal Reserve Bank of Dallas President Lorie Logan says during remarks at the National...
Bloomberg
Principal's Shah Makes the Case for Diversification
Principal Asset Management Chief Strategist Seema Shah says the markets should still be concerned about Treasury issuance and the federal deficit. Speaking on "Bloomberg Markets: European Close," Shah adds that the macro backdrop for...
Bloomberg
Logan: Quite a Bit of Room for Fed Balance Sheet Runoff
"I think there's quite a bit of room for the balance sheet to continue to run off," Federal Reserve Bank of Dallas President Lorie Logan says during remarks at the National Association for Business Economics meeting in Dallas.
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