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Fed signals adjustment to upcoming interest rate hike – Monetary Policy

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Fed signals adjustment to upcoming interest rate hike - Monetary Policy

The US Federal Reserve (Fed) remains committed to raising the federal funds rate to a “reasonably restrictive” level, keeping it at that level for some time to cope with inflation.

However, some participants in the September monetary policy meeting warned that the pace of monetary tightening could be adjusted to mitigate risks to the economy going forward, the minutes of the meeting said. Federal Open Market Committee (FOMC) held on 21 and 22 September.

“Some participants note that, given the current highly uncertain global economic and financial scenario, it would be important to adjust the pace of further monetary tightening to mitigate the risk of a significant adverse impact on the economic outlook.” pay attention to federal protocols.

Moreover, members of the central bank, led by Jerome Powell, believed that “as soon as the exchange rate [dos fundos federais] reaches a sufficiently restrictive level, it may be appropriate to maintain this level for some time until there is convincing evidence that inflation is on its way back to the 2% target.”

At the last monetary policy meeting in September, when it raised its benchmark interest rate by 75 basis points for the third time in a row, the FOMC had already signaled its intention to slow down the pace of interest rate hikes in 2024 alone.

On the so-called “dot chart” — the Fed’s projections — the central bank predicted that the federal funds rate would rise to 4.4% by the end of the year and reach 4.6% in 2023. According to these projections, the federal funds rate for federal taxes should only come down from 2024, when they fall to 3.9%. In 2025, it should decrease to 2.9%.

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However, even at this point, the monetary authority, led by Jerome Powell, made it clear that it would be ready to “adjust monetary policy if risks arise that could interfere with the achievement of goals.”

Currently, the key interest rate is set in the range of 3% to 3.25%, which has not been the case since 2008.

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Economy

This house in the middle of a village in Braga costs 1.8 million (and even the maid’s room is luxurious)

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This house in the middle of a village in Braga costs 1.8 million (and even the maid's room is luxurious)

It has “only” four rooms, but it costs 1.8 million euros. The family home, located in União de Freguesias de Escudeiros e Pensamento, five minutes from the center of Braga, is the most expensive family property for sale at luxury real estate agency Engel&Volkers, but it comes with some “add-ons” that, for some of them, may worth the investment.

The villa is located on a plot of 3800 square meters (m2), has six rooms, four bedrooms, four bathrooms, a swimming pool, a “small grass football field and a vineyard plot”, parking, central heating, air conditioning and wooden floors.

According to Engel & Volkers, the increase in the cost of housing, in addition to the already described, is also “modern architecture, with highly detailed and refined finishes”, which fits into the policy of the agency, one of the main in the premium segment worldwide, which in 2020 earned about billion euros.

Photo: Engel & Volkers

Photo: Engel & Volkers

Photo: Engel & Volkers

Photo: Engel & Volkers

The ground floor has an entrance hall, a double living room separated by a fireplace, also double sided, overlooking the street, overlooking a small vineyard and with an outdoor pool.

The real estate agency also says that the house is surrounded by a “green and harmonious environment offering unique peace and privacy.”

Consulting the company’s website held this Saturday by O MINHO, and out of curiosity, managed to verify that there is an additional room on the first floor, also with luxurious touches, called the “maid’s room”. division into luxury villas that served to accommodate domestic workers without moving them to the owners’ sleeping area, although its existence is now common for people with less mobility.

Photo: Engel & Volkers

Photo: Engel & Volkers

Photo: Engel & Volkers

Photo: Engel & Volkers

Photo: Engel & Volkers

“On the same floor, we also have a large dining room, gym, kitchen with laundry room and maid’s room, as well as a garage for 2 cars,” emphasizes the real estate agency. On the ground floor, he adds, there are three “large suites” connected by a “shared balcony.”

Photo: Engel & Volkers

Photo: Engel & Volkers

Photo: Engel & Volkers

Photo: Engel & Volkers

Photo: Engel & Volkers

For those who are interested, and with a “full wallet”, a house “in the arms of nature, with enviable south exposure and complete privacy” is guaranteed.

See also  China Cuts Interest Rates Amid Dismal Economic Results - Markets

You can see the ad here.

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Economy

Bankers demand 6.25% pay rise at ‘breaking point’ and refuse further layoffs – ECO

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Bankers demand 6.25% pay rise at 'breaking point' and refuse further layoffs - ECO





Bankers demand 6.25% pay rise at ‘breaking point’ and refuse further layoffs – ECO































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Economy

Woman with fake belly caught smuggling hundreds of semiconductors (already worth 500 times more)

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Woman with fake belly caught smuggling hundreds of semiconductors (already worth 500 times more)

Sanctions and supply chain issues have created a parallel market in China, where these chips are sold for 500 times the market value.

Chinese customs officials caught a woman trying to smuggle semiconductors inside a prosthetic belly while pretending to be pregnant. This arrest sheds light on the reality of smuggling that has emerged in the world’s second-largest economy following the sanctions imposed by the United States of America.

According to bloomberg, a woman was caught by the authorities while trying to enter Zhuhai via Macau on November 25. According to customs authorities, the suspect had more than 202 processors and nine smartphones.

The woman came to the attention of the authorities when she was asked what month she was pregnant. “She said she was five or six months pregnant but she had a big belly that looked like she was in her third trimester,” Chinese officials explained.

The economic crisis caused by covid-19 and all the problems that have arisen in the supply chain have opened the door to the emergence of a black market in semiconductors in a country that needs these advanced chips to produce millions of products.

The situation has worsened recently as the Joe Biden administration tightened sanctions on China, focusing on developing advanced technologies, especially for military use.

According to the North American economic publication, the situation is so serious that the prices of these devices reach values ​​up to 500 times their market price, which creates ideal conditions for creating an entire parallel market with telecom operators and resellers.

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