Federal Reserve’s Lael Brainard sees fewer U.S. rate hikes GlobeBusiness
The U.S. Federal Reserve should lower its expectations for rate hikes even if its economic forecasts have not changed, because of signs of a slowdown in spending and other risks, Governor Lael Brainard said on Thursday.
Brainard’s remarks are among the last from policy-makers before a March 19-20 meeting of the rate-setting Federal Open Market Committee . Markets have written out the chance that a rate hike would be in the cards any time soon especially given the chance that weakening Chinese and European economies could spoil the world’s largest economy, concerns Brainard echoed in her speech.Brainard said she has seen both an increase in risks to the U.S.
“We would not want the balance sheet to be shrinking at a time when the FOMC thought it was appropriate to cut the federal funds rate,” said Brainard. The central bank policy maker now sees the U.S.-China trade conflict, Britain’s exit from the European Union and political differences over the U.S. debt as big risks.And she said she is watching labour market data closely for signs that one of the consistently strongest parts of the U.S. economy might be starting to falter. February’s U.S. employment report is scheduled for release on Friday.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Reserve has few reasons to change ‘patient’ approach to policyA previously hawkish official signalled he could wait until at least June before hiking rates
Read more »
Bank of Canada holds key interest rate, and signals no hikes on the horizonThe Bank of Canada held its key interest rate at 1.75 per cent
Read more »
Central bank holds rate, notes 'increased uncertainty' on timing of future hikesThe Bank of Canada left its key interest rate unchanged Wednesday and pointed to 'increased uncertainty' about the timing of future rate hikes following the economy's abrupt deceleration in late 2018.
Read more »
Loonie drops to two-month low after Bank of Canada changes tone on rate hikesThe loonie fell 0.7 per cent to $1.3439 per U.S. dollar, touching the weakest since Jan. 4 and paring its 2019 advance to 1.5 per cent
Read more »
Central bank predicts longer slump and more uncertainty about future rate hikesThe Bank of Canada is leaving its key interest rate unchanged in the wake of an abrupt economic deceleration that it says is injecting more uncertainty about the timing of future rate hikes.
Read more »
ECB is showering banks with cash — and forget about a rate hike until at least 2020ECB is showering banks with yet more cash — and forget about a rate hike until at least 2020
Read more »
Rockets' second unit shines, while the Raptors' reserves struggle once againJack Armstrong explains that the story of the game was the play of the second units, pointing out that Austin Rivers and Gerald Green made an impact for the Rockets, while Jeremy Lin and the Raptors' reserves struggled for the second straight game.
Read more »
Aecon hikes dividend, reports record revenue in 2018The construction firm logged a 16 per cent year-over-year increase in revenues to $3.27 billion last year, up from $2.81 billion in 2017
Read more »
Proposed contract includes 11.1 per cent pay hike for cops over five years: reportToronto police officers would receive a pay hike that amounts to 11.1 per cent over the next five years under the terms of a yet-to-be ratified contract, according to the Toronto Star.
Read more »
Spin Master profit drops, hampered by closure of Toys 'R' Us in U.S.The Toronto-based toy and entertainment company says net income for the fourth quarter was US$11.4 million or 11 diluted cents per share
Read more »