Federal Reserve Chairman Jerome Powell admitted in yesterday’s press conference that if inflation runs hotter for longer than it expects, the central bank would react accordingly by adopting a more hawkish stance. But for now, that scenario remains a low-probability scenario, he says.
Daily Archives: Jun 17, 2021 at 07:28 am EDT
Macro Briefing: 17 June 2021
* Biden tells Putin US may respond in kind to future cyberattacks
* Fed policymakers signal sooner-than-expected rate hikes in 2023
* Treasury Sec. Yellen expects US to decouple in some areas from China
* Infrastructure spending plan has firmer bipartisan support in Senate
* Real yield for US junk bonds falls below zero for first time on record
* Parts of the US are likely the hottest spots on earth
* US import prices continued to accelerate in May
* US housing starts rose less than expected in May as building permits fell: