Wall Street kicked off a data-heavy week on a mixed note as traders await key inflation updates and remarks from Fed Chair Jerome Powell in the coming days.
Core monthly U.S. consumer-price index inflation is likely to remain between 0.25% and 0.3% for the next few months before slowing to around 0.2% by year-end, Goldman Sachs economists write in a report.
UBS Group Chief Executive Sergio Ermotti said Monday that he continues to worry about the long-term impact of inflation, but added that the global economy remains mostly stable for now.
Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso has said that the members of the Monetary Policy Committee, MPC, would do whatever is necessary to get a handle on the country’s persistent inflation. Cardoso said this in an…
“Don’t look now, but inflation expectations are picking up — both in the corporate C-suite and at Americans’ kitchen tables,” Axios reports. “When people expect higher inflation, it can be
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has said that interest rates will remain high until the inflation rate is tamed. Cardoso, who said that the CBN Monetary Policy Committee, MPC, was taking all necessary…
Fannie Mae is still forecasting that mortgage rates will drop to 6.6% later this year, but borrowing costs won't decrease meaningfully until the Fed dials back interest rates.