Markets look for clarity, but ignore Fed message

by The Manila Times

Aug 23, 2022 12:06 am

WASHINGTON, D.C.: United States central bankers have been hammering home a single message: interest rates will rise until inflation begins to come down. But financial markets keep hoping to hear a different tune, one indicating that the pace of rate hikes would slow.

All eyes will be on this week's annual gathering of policymakers in Jackson Hole, Wyoming to hear Federal Reserve (Fed) Chairman Jerome Powell explain his stance — again — with market watchers hoping to get something more to their liking.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

China vows to boost weak consumption

Oil prices inch lower on '25 surplus

Global EV sales hit 3rd straight record high

Japan business optimism improves slightly

US wholesale prices pick up in November

Google renews push into AR headgear

Millions of Stanley cups recalled in US over burn risk