Inflation – Page 2 – Oil & Gas 360

Powell says the Fed is still a ways off from altering policy, expects inflation to moderate

July 14, 2021

CNBC Federal Reserve Chairman Jerome Powell said Wednesday that the economy needs to improve more before the central bank will change its ultra-easy monetary policy. In remarks prepared for the House Financial Services Committee, the central bank chief noted improvements but said the labor market in particular is still well below where it was before the Covid-19 pandemic hit. Powell

Column: Rising oil price will draw response from consumers

June 30, 2021

Todayonline LONDON – Oil prices have risen above the long-term average, once adjusted for inflation, and are likely to encounter increasing resistance from consumers if they continue to climb. Front-month Brent futures are trading around $75 per barrel compared with an inflation-adjusted median of just over $70 since the start of the century (https://tmsnrt.rs/3dqmMgT). Hedge funds and other money managers

Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economy

April 12, 2021

CNBC Despite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell has reaffirmed the central bank’s commitment to keep loose monetary policy in place. That includes a statement of near-certainty that interest rates won’t be going anywhere as inflation remains tame and millions of Americans remain in need of assistance as the nation rebuilds from the

Fed’s Williams say high market prices justified by economic growth and low rates

February 19, 2021

CNBC New York Federal Reserve President John Williams said Friday that high prices for stocks and other assets are justified in light of a growing economy and low interest rate landscape. With stocks pushing to new heights on valuations not seen in decades, and as corporate bond yields plunge, the central bank official said he’s not worried about current pricing. “Market participants and

U.S. import prices inch up in November

December 15, 2020

CNBC U.S. import prices rebounded less than expected in November as an increase in the cost of petroleum products was offset by cheaper food and motor vehicles, supporting views that inflation could remain moderate amid a resurgence in new Covid-19 infections and rising unemployment. The Labor Department said on Tuesday import prices edged up 0.1% last month after dipping 0.1%

U.S. producer prices rise moderately; COVID-19 seen taming inflation

December 11, 2020

Reuters WASHINGTON – U.S. producer prices barely rose in November, supporting views that inflation would remain benign in the near term as a flare-up in new COVID-19 infections restrains the labor market and demand for services. While other data on Friday showed a surprise improvement in consumer sentiment early in December, that largely reflected increased optimism among Democrats and Independents

Fed picks its side in inflation debate and sends market a message — no rate hikes for years

September 17, 2020

CNBC The Fed does not expect to see inflation pick up for years, and it is willing to keep rates at zero even after it does. Stocks initially surged after the Fed released its post-meeting statement and its latest economic forecast, showing it will keep interest rates at zero at least through 2023, as expected. Stocks gave up their gains as

The Fed could could still move markets Wednesday even with rates on hold for the foreseeable

September 15, 2020

CNBC While committed to keeping interest rates low for the next several years, the Federal Reserve still has plenty of work to do as it steers the U.S. economy through the pandemic. As central bank officials gather Tuesday and Wednesday for their policy meeting, a number of items are on the agenda, even as the mystery of where rates are headed

Alan Greenspan lists inflation and the budget deficit as his biggest concerns

September 11, 2020

CNBC Former Federal Reserve Chairman Alan Greenspan said his biggest economic concerns in the U.S. are inflation and the budget deficit. “My overall view is that the inflation outlook is unfortunately negative and that’s essentially the result of entitlements crowding out private investment and productivity growth,” Greenspan said in an interview Thursday on CNBC’s “Squawk on the Street.” It was

Powell announces new Fed approach to inflation that could keep rates lower for longer

August 27, 2020

CNBC The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy. In a move that Chairman Jerome Powell called a “robust updating” of Fed policy, the central bank formally agreed to a policy of “average inflation targeting.” That

Cheap Energy Was A Surprise Benefit Of QE, But That May Be Ending

July 8, 2020

Forbes Quantitative easing (QE) was a response to the financial crisis. Under this policy the central bank buys government assets, and increasingly any assets, to support the economy. Previously in order to source funding, a government could sell bonds to foreign buyers, who may not have sufficient demand, or sell bonds to local institutions. Both approaches pull money out of

Fed’s Bullard Says Rate Cut May Be Needed ‘Soon’

June 3, 2019

From Bloomberg St. Louis Fed chief says trade war poses risk to U.S. economy, Bullard says yield curve may signal Fed policy is too tight The Federal Reserve may need to cut interest rates soon to prop up inflation and counter downside economic risks from an escalating trade war, St. Louis Fed President James Bullard said. “A downward policy rate

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