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New statements by members of the Federal Reserve Bank

San Francisco Fed Chairman Marie Daly said the lowering of inflation shows that monetary policy in the United States is working, but it is too early to know when it will be appropriate to cut interest rates.

Richmond Fed Chairman Thomas Barkin said Friday he would deliberately continue to tighten monetary policy because utilities still have room to raise prices. In other words, there is still room for the service sector to rise.

Meanwhile, the Federal Open Market Council (FOMC) are raising uncertainty about the path of the Fed’s interest rate cuts, leading to a further rise in Treasury bond yields.

Dr. Kamaran Qader Yaqub,
Financial Consultant at Investment Spot company. 

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