According to the Nikkei: Bank of Japan Governor Kazuo Ueda said that if the yen depreciates further after inflation starts to rise, it will pose a risk to the economic outlook. Ueda Kazuo is considering the timing of a potential interest rate hike.
The decline in inflation has allowed the ECB to lower interest rates, and prices are rising faster than average wages, which is also one of the factors in cutting interest rates, Villeroy said in an interview. Villeroy stressed that the ECB's interest rate policy decisions are independent of the Federal Reserve. The evidence is that the ECB started lowering interest rates in early June, and the Federal Reserve did not cut interest rates until three months later. As inflation falls, we will be ab...
Inflation could lead the Federal Reserve to cut interest rates less than expected in the coming years, according to Mr. Summers, the former Treasury secretary. "On the monetary policy front, the Fed faces the risk of higher inflation if it is to actually cut rates as much as it expects," he said. Fed policymakers' latest dot plot forecast for the median federal funds rate at the end of next year is 3.4 per cent, or 150 basis points on top of Wednesday's 50 basis point cut. Mr. Summers said that ...
The Federal Reserve's Barkin said inflation has declined, but it is not there yet, but progress is being made.
US President Joe Biden said inflation has fallen sharply and continues to decline.