Was die Märkte bewegt - News, Infos, Meldungen, Analysen, Kommentare & Interessantes

US Fed could hike rates again if 'appropriate': Powell

The Fed chair's comments suggest the US central bank is still concerned about the prospect of a re-acceleration of inflation, which has more than halved since peaking last year, according to the Fed's favored yardstick.

However, Powell later indicated that he felt the Fed was "probably"  at a point where its monetary policy was "significantly restrictive," suggesting that the Fed felt confident in its current stance.

"We're watching the effect carefully on the economy," he said.

Despite the Fed's aggressive monetary tightening, which brought rates to a level between 5.25-5.50 percent, economic growth remains strong and the labor market remains fairly buoyant -- although it has shown some recent signs of slowing.

The strong recent economic data has increased the likelihood of a so-called "soft landing," whereby the Fed succeeds in tackling inflation without plunging the United States into recession.

https://finance.yahoo.com/news/us-fed-co...17376.html