Most Fed News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Says recent data showing signs of persistent inflation don’t materially change the overall picture

Federal Reserve Governor Michelle Bowman on Friday said she expects U.S. inflation to decline further, but flagged worries about upward price pressure from rising wages and warned against cutting...

"My baseline outlook is that inflation will decline further with the policy rate held at the current level," Bowman said in remarks prepared for delivery to a banking conference in Maui, Hawaii, noting that recent declines in inflation have been "encouraging." If inflation continues to decline sustainably toward the Fed's 2% goal, she said, "it will eventually become appropriate to gradually lower our policy rate to prevent monetary policy from becoming overly restrictive."

Most Fed watching these days seemingly surrounds the neverending and unknowable—future monetary moves. But there is another area we took note of last…

Interest rate markets tried to build on last week’s ‘U-turn’ after the accelerated decline in yields triggered by the December Fed policy announcement. Corporates and sovereigns are eager to use lower funding costs to frontload at least part of their 2024 financing needs, with new bond issuance taking a solid start.