Powell Seeks to Reassure Lawmakers Fed Will Curb Hot Inflation
Powell will try to reassure lawmakers this week that the central bank will act to curb the hottest inflation in four decades while remaining flexible.
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UPDATE 2-Markets Pare Rate Hike Bets as West Gets Tough on Russia
Rate futures significantly pared back odds of 50 basis-point tightening by Fed at its meeting this month to 6.5% late on Monday, from 23% a week ago.
Stagflation Threat Rattles Bond Traders as Fog of War Descends
World’s biggest bond market signaling concern that Russia’s invasion of Ukraine could lead to economic outcome Federal Reserve is eager to avoid.
Fed Officials Signal March Rate Hike on Track Despite Ukraine
“...I believe it will be appropriate to move the funds rate up in March and follow with further increases in coming months,” Cleveland Fed President.
UPDATE 3-Fed's Daly: Need More 'Urgency' on Policy Tightening
San Francisco Fed Reserve Pres. Mary Daly said she expects U.S. central bank will need to raise rates at least four times this year, and likely more.
Munis Shed Sleepy Reputation With Biggest Swings in 10 Months
Municipals are especially vulnerable because they depend on retail buyers, and there’s an “inherent fear of rates rising always".
Inflationary Pressures Will Ease Throughout the Year: Strategist
As labor market continues to improve and the Fed set to begin raising interest rates as early as this spring, inflation may be approaching its peak.
