Latest News

Lumber Price Gets Chopped in Half Amid Chill in Housing Markets

0

Reuters

IMF’s Gopinath sees risk of de-anchoring U.S. inflation expectations

NEW YORK (Reuters) -U.S. inflation could remain above the Federal Reserve’s targets for a long time based on current projections, and there is a risk of inflation expectations “de-anchoring,” International Monetary Fund First Deputy Managing Director Gita Gopinath said on Wednesday. Based on current projections of what the interest rate path may be, inflation will stay above the Fed’s 2% target “for a long time,” said Gopinath, speaking at an online event hosted by the Financial Times. “That’s an environment that we’re not used to being in, you could risk their inflation expectations de-anchoring,” she said.

Mortgage activity hits 22-year low as rising rates bite housing market

Previous article

Top economist Mohamed El-Erian says the market rally isn’t a buy signal as stagflation looms. ‘I would take some chips off the table’

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News