Fed minutes offered zero sign of dovishness - and higher interest rates are a 'silent killer' to US economic growth, Bleakley CIO says
"It seems like the Fed is at least intent on going one more time. I say one more time, because I think this is one more time too much and I find it hard to believe that they're going to go past this because of the restrictive nature of where we are today," he added.
The central bank has already raised interest rates by 500 basis points since March 2022, from near-zero levels to upward of 5%, in a bid to cool high inflation. Its efforts have had some degree of success, with the annual rate of consumer-price increases falling to 4% in May from levels above 9% last summer.
However, the effects of the aggressive rate increases have weighed heavily on the US economy, with key sectors including the banking and commercial real estate coming under increased stress. "This is a silent killer, in my opinion, to economic growth that we don't see headline-nature wise but on a cumulative perspective, it's happening over the next couple quarters, over the next years if rates stay at this level for a while," Boockvar said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. stock futures drift lower, Fed minutes loom - what's moving markets By Investing.com⚠️BREAKING: *U.S. STOCK FUTURES DRIFT LOWER AFTER INDEPENDENCE DAY HOLIDAY, FED MINUTES LOOM $DIA $SPY $QQQ 🇺🇸🇺🇸
Weiterlesen »
Wall Street slips as investors await Fed minutes By Reuters*WALL STREET SLIPS AS INVESTORS AWAIT FED FOMC MINUTES $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Weiterlesen »
'Almost all' Fed members see future rate hikes amid 'unacceptably high' inflation By Investing.com⚠️BREAKING: *ALMOST ALL FED MEMBERS SEE FUTURE RATE HIKES AMID 'UNACCEPTABLY HIGH' INFLATION
Weiterlesen »
Fed’s Williams: Slowing down on rate rises makes sense right nowFederal Reserve (Fed) Bank of New York President, as well as Vice Fed Chair, John Williams crossed wires via Reuters late Wednesday when he unveiled s
Weiterlesen »
After brief pause, Federal Reserve looks poised to raise interest rates againThe Federal Reserve appears likely to raise its key interest rate next week, with minutes from the central bank's most recent meeting showing some officials wanted to raise rates last month.
Weiterlesen »