IMF Sees Inflation Easing, Upside Risks
Given the “uncharted nature” of the recovery from the coronavirus pandemic, “considerable uncertainty remains," the fund warns.
Fed Signals Bond-Buying Taper Coming Soon
The Fed's monthly purchases of government-backed bonds to prop up the economy "still have a use, but it’s time for us to begin to taper them."
OECD Urges Caution on Easing Fiscal Support
"A premature and abrupt withdrawal of policy support should be avoided whilst the near-term outlook is still uncertain.”
Inflation Pressures Forcing CFOs to Take Action
Experts may call consumer price increases 'transitory,' but fighting rising costs has become a priority for finance chiefs.
Powell Remains Cautious on Stimulus ‘Tapering’
The Fed chair confirmed officials are moving toward winding down the monthly bond-buying program but was not specific about timing.
IMF Says Price Pressures Could Be ‘More Persistent’
"Uncertainty remains high" and "central banks may need to take preemptive action," the Fund warns in its latest World Economic Outlook.
ECB Keeps Interest Rates Unchanged in Eurozone
"The pandemic continues to cast a shadow, especially as the Delta variant constitutes a growing source of uncertainty."
CFOs: Higher Input Costs Will Persist
Some companies are taking aggressive action to pass on at least some of the abnormal cost increases to customers.
U.S. Consumer Prices Increase 5.4% in June
"June’s big inflation number will ramp up scrutiny of price-related data as policymakers assess whether the economy is at greater risk of overheating."
Fed Says Economy Not at Risk From Inflation Surge
It is still "appropriate to maintain" near-zero interest rates even though inflation "has increased notably this spring."
10-Year Treasury Yield Drops to Five-Month Low
“This is likely a shift in market narrative: away from inflation concerns to concerns about the sustainability of growth momentum."