The recent spike in U.S. inflation is likely transitory for now but it could become more persistent in the coming years as more people return to work, said former New York Fed President William Dudley. “I think that the scare right now is probably going to abate a bit as we go through the .
The U.S. policymakers are ready to talk about reducing stimulus by tapering bond purchases
Probably it is not the best moment for investing in Comcast, PayPal and Adobe
U.S. stocks ended mostly lower on Friday, pressured by technology and consumer discretionary shares. Investors are selling tech-related companies amid concerns about the rising interest rate, and according to the latest news, U.S. policymakers are ready to talk about reducing stimulus by tapering bond purchases.
Dallas Fed President Robert Kaplan said that tapering should start “sooner rather than later,” while Philadelphia Fed President Patrick Harker also confirmed Kaplan’s words on Friday.
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