Inflation now guiding light for Fed in rate-rise path
Add BT as a preferred source
Washington
US Federal Reserve policy makers dwelled on inflation performance at their December meeting, minutes of the gathering showed, in a sign price pressures will play a larger role in setting the pace of interest rate increases this year.
"The Fed's focus is now really on inflation," said Donald Ellenberger, a senior portfolio manager who oversees about US$10 billion of client money at Pittsburgh-based Federated Investors Inc. "That's going to be the real focus for the markets going forward."
TRENDING NOW
Japan Home closing outlets; staff say Valu$ taking over operations
Marina Bay Sands casino’s winning streak puts pressure on rival Resorts World Sentosa
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
When every phone becomes a satellite phone, what happens to Asia’s telcos?
