Sticky US Inflation Will Wrongfoot Fed Rate Bets, Hildebrand Says
BlackRock VC Philipp Hildebrand said investors’ bets on US interest-rate cuts could prove excessive once inflation turns out to be stickier.
BlackRock VC Philipp Hildebrand said investors’ bets on US interest-rate cuts could prove excessive once inflation turns out to be stickier.
Fed took little fresh signal from consumer price data published as whether inflation is headed firmly enough back to central bank's 2% target.
The rapid subsidence of inflation reflects the likelihood that a supply shock was its primary driver in both America and Europe.
If economists are right about 2024, inflation will continue to fall and we won’t even be talking about it by the end of the year.
A new reading of the Federal Reserve’s preferred inflation gauge could make it easier for the central bank to justify a dovish shift in 2024.
The chief executive of Swiss banking giant UBS, Sergio Ermotti, is not convinced central banks have got inflation under control.
With target of 2% Fed's decision to pause rate hikes for third month in a row shows central bank believes it's winning fight against inflation.