Stay updated with breaking news from Fed Meets. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Consumer-Price Index Out Today as Fed Meets; Fedspeak Tech Tool Points to Tossup on Rate Decision By James Christie Good day. Federal Reserve officials might opt to pause interest rate rises this week to assess the effect of previous increases whil...
Like 2008, and the question is can the authorities stop it? my suspicion is they are not going to be able to, not least because people are pulling deposits out of these regional banks in the united states, and putting them into big banks, so these regional banks are going to tumble one after another, unless the united states actually guarantees all deposits, and so that would be just enormous. so the worry is this is looking increasingly like 2008, but we're probably going to know by wednesday, i would say, when the fed meets. a lot of the central bankers and the people involved in that deal w...
Guarantees all deposits, and so that would be just enormous. so the worry is this is looking increasingly like 2008, but we're probably going to know by wednesday, i would say, when the fed meets. a lot of these central bankers and the people involved in that deal with credit suisse were hoping that actually by monday we will know the answer to that question, and the markets will give them a big thumbs up. the situation now, we have heard from various central banks they are doing what they can, are you not reassured by that? well, not really. they should have been thinking about this, why didn...
Startups and crypto, which has been cooled, when you're getting the easy money out of the system, that could be working in the fed's favor. >> okay. so, we're going to get a few hours from now a really important inflation reading? >> the consumer price index. this is the last big reading on inflation, one of the last big readings before the fed meets. 6% for the year over year number. if you look at this chart here, you can see clearly consumer is peaking. the overall number has been moving in the right direction. but still much higher than the 2% number the fed would like to see. so, we'll be...
Took some economists by surprise this week, and now the expectation is that the fed is likely to take more action? >> reporter: right, whit, and that action could come this week when the fed meets, expected to raise a key interest rate again in an effort to slow inflation. though continuing to raise interest rates, some economists point out, is a high stakes effort that carries with it the risk of causing a potential recession. whit? >> difficult line to walk. phil, thank you. we move on now to the pandemic and the encouraging news for parents hoping to vaccinate their children under the age...