The 25 U.S. states calling an early halt to pandemic-related federal unemployment benefits have recovered more of the jobs lost during the crisis than other states, possibly limiting how much of a dent ending the weekly $300 payments will make in the national battle to fill.
Haunted by memories of past U.S. interest rate hikes, the world's central banks are laying the groundwork for a transition to life with less global stimulus, with many countries already signalling moves to the exit.
While the U.S. Federal Reserve is publicly committed to keeping interest rates near zero for some time, there are growing expectations that accelerating inflation could pressure the central bank to begin seriously debating the withdrawal of monetary stimulus.
By Reuters Staff
4 Min Read
TOKYO (Reuters) -While the U.S. Federal Reserve is publicly committed to keeping interest rates near zero for some time, there are growing expectations that accelerating inflation could pressure the central bank to begin seriously debating the withdrawal of monetary stimulus.
FILE PHOTO: A man wearing a protective mask walks past the headquarters of the Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon
At the same time, central banks in other parts of the world are already adjusting monetary settings or preparing to dial back pandemic crisis-mode stimulus measures.