Page 37 - Michael Gapen News Today

Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.

Federal Reserve (Fed) officials continue to anticipate further increases in borrowing costs will be necessary to bring inflation down to their 2% target when they met earlier this month, though almost all supported a step down in the pace of hikes.

Chinese Phone blog dedicated to providing breaking news, expert reviews, Chinese Phones, Android Apps, Chinese Android Tablets and how tos.

Retail sales and other economic data has been positive, despite inflation and rising interest rates.

Retail sales and other economic data has been positive, despite inflation and rising interest rates.

Retail sales and other economic data has been positive, despite inflation and rising interest rates.

Retail sales and other economic data has been positive, despite inflation and rising interest rates.

The S&P 500 is likely to drop to 3,800 by March 8 as still-hot inflation and strength among US consumers keeps the Fed in tightening mode, says BofA.

The U.S. economy showed remarkable resilience at the start of the year, highlighting robust demand that's keeping inflation elevated and heaping pressure on the Federal Reserve to stomp the brakes even harder.

Over the last three months, core services prices in the US have risen by 6.8 per cent annualised, giving Federal Reserve boss Jerome Powell no room to cut rates.