Fed officials push financial stability to centre of rate debate
Higher valuations in commercial real estate flagged as potential risk
New York
WITH US inflation low and seen staying that way, Federal Reserve officials who favour raising interest rates point to preserving financial stability as another reason to move. Chicago Fed president Charles Evans, a key advocate of delaying action, is making a new argument to push back against that notion.
His comments in Beijing earlier on Wednesday touch on key questions for the policy-setting Federal Open Market Committee (FOMC) when it meets this month: Do officials need to increase rates before inflation rises to their 2 per cent target, in …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Pro-China local leader ousted in Solomon Islands election
Japan‘s March inflation slows to 2.6%, eyes on BOJ move
S&P downgrades Israel rating on heightened geopolitical risk
‘We have our jury’: panel selected for Trump criminal trial
UK wage growth and services inflation too high for rate cut, BOE’s Greene says
US to reduce licensing by 80% for UK, Australia to boost Aukus