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Lacker joins chorus calling for rate hike

posted by Avatar dooly 1440 days ago in USD, Fundamental, Inflation

With the economy on firmer footing in June than it was earlier in the year, and inflation unacceptably high, it "makes eminent sense" for the Federal Reserve to consider raising short-term interest rates, said Jeffrey Lacker, the president of the  read more
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BoE Says Market Participants Revised Up Future Policy Rate

posted by Avatar dooly 1440 days ago in GBP, Fundamental, Inflation

Market participants had revised up their expectations for future policy rates as higher energy costs added to perceived inflationary pressures in the near term, the Quarterly Bulletin of the Bank of England showed Monday.  read more
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U.S. jobless claims jump in latest week

posted by Avatar dooly 1443 days ago in USD, Fundamental, Employment made popular 1443 days ago

First-time filings for state unemployment benefits spiked upwards in the latest week, hitting their highest level since late March, as the number of continuing jobless claims marked their highest level since early 2004, the Labor Department repor  read more
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Fed’s Plosser Says Interest Rates Need To Be Raised To Curta

posted by Avatar dooly 1444 days ago in USD, Fundamental, Inflation

Further cementing his status as an inflation hawk, Philadelphia Federal Reserve President Charles Plosser indicated on Thursday that the Federal Reserve would have to raise interest rates in the near future in order to curtail surging prices  read more