• Pete

Fed Chair Powell Still In The Game

KEY POINTS From Jeff Cox CNBC

  • Fed Chairman Jerome Powell announced a major policy shift Thursday to “average inflation targeting.”

  • That means the central bank will be more inclined to allow inflation to run higher than the standard 2% target before hiking interest rates.

  • In addition to the inflation change, the Fed shifted its approach to employment in a way that will focus on those at the lower end of the income spectrum.


0 views0 comments

Recent Posts

See All

Huge Spike in Consumer Prices.

A 6.2% spike in consumer prices is most in 30 years. Read more here https://www.cnbc.com/2021/11/10/consumer-price-index-october.html?__source=newsletter%7Cbreakingnews

Weekly Claims Still Moving in the Right Direction

Weekly claims better than expected and looking pretty good overall, check out the details! https://www.cnbc.com/2021/11/04/us-weekly-jobless-claims.html?__source=newsletter%7Cbreakingnews