Powell Targets High-or-Higher Rate Path

In his Jackson Hole speech, Powell noted that the Fed is making progress in slowing price gains but stressed that its job fighting inflation isn't done.

By Craig Torres & By Steve Matthews | August 25, 2023 at 04:03 PM

Photo: Jerome Powell, chairman of the U.S. Federal Reserve, walks the grounds at the Jackson Hole economic symposium in Moran, Wyoming, on August 25, 2023.

Federal Reserve Chair Jerome Powell signaled that interest rates will stay high and could rise even further should the economy and inflation fail to cool.

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Trudeau Government Has Likely Blown Past Fiscal Anchor

By Erik Hertzberg | November 19, 2024

Facing pressure from economists to restrain government spending, Canada’s Finance Minister promised to hold the FY2023-24 deficit below C$40.1 billion, but the country’s parliamentary budget officer now expects to run a C$46.8 billion deficit this fiscal year.

Trudeau Government Has Likely Blown Past Fiscal Anchor

Yields on New China Dollar Bonds Fall Below Treasuries in Debut

By Ameya Karve, Finbarr Flynn and Lorretta Chen | November 18, 2024

Chinese investors’ enthusiasm is helping China’s dollar bonds trade at lower yields than U.S. Treasuries—a historical anomaly because the U.S. securities have historically been considered the safest of investments.

Yields on New China Dollar Bonds Fall Below Treasuries in Debut

‘Rates Will Be a Lot Lower’ in 12 to 18 Months

By Catarina Saraiva and Laura Curtis | November 18, 2024

Chicago Federal Reserve President Austan Goolsbee says that although the Fed will take its time reducing interest rates, the end result will be much lower rates if inflation stays near the Fed’s target.

‘Rates Will Be a Lot Lower’ in 12 to 18 Months

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