{"id":65175,"date":"2022-05-10T21:14:00","date_gmt":"2022-05-10T17:14:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=65175"},"modified":"2022-05-10T22:07:09","modified_gmt":"2022-05-10T18:07:09","slug":"feds-waller-suggest-it-is-time-to-launch-rate-hikes","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-waller-suggest-it-is-time-to-launch-rate-hikes\/05\/10\/market-updates\/","title":{"rendered":"Fed&#8217;s Waller suggest it is time to launch rate hikes"},"content":{"rendered":"\n<p>Governor Christopher Waller has made some comments while traders are looking for any clues additional to his &#8216;Reflections on Monetary Policy 2021&#8217; speech from last week that can shed light and clarity on Fed\u2019s path ahead for 2022. <br><br>The US dollar was choppy on Tuesday, stuck below the 20-year highs made at the start of the week as Treasury yields consolidate while investors await tomorrow&#8217;s April CPI. The US important data could give additional signs on inflation that may be starting to ease, following last Friday&#8217;s wage inflation data. Estimates hover around a 8.1% annual increase compared to March\u2019s 8.5% surge.<br><br>Waller has been practically an advocate of rate hikes, but famously said, &#8221;we are not in a Volcker kind of moment,&#8221; as he highlighted the difference between inflation that had been building for six of seven years compared to a surge in recent inflation that only began last year. <br><br><strong>Key Quotes<\/strong><\/p>\n\n\n\n<p>Inflation is too high, my job is to get it down.<br><br>If we get some help from supply chain resolution, that&#8217;s fantastic, but won&#8217;t count on it.<br><br>Could put some downward pressure on labor markets.<br><br>Could pull back demand for labor and that would be a good thing.<br><br> We are trying to get job market back to equilibrium; right now it&#8217;s out of whack.<br><br>We think we can raise interest rates and not have a big impact on unemployment.<br><br>Don&#8217;t need to tank economy to bring down inflation.<br><br>This is the time to hit it with rate increases, because the economy can take it.<br><br>Do it now, front load it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Governor Christopher Waller has made some comments while traders are looking for any clues additional to his &#8216;Reflections on Monetary Policy 2021&#8217; speech from last week that can shed light and clarity on Fed\u2019s path ahead for 2022. The US dollar was choppy on Tuesday, stuck below the 20-year highs made at the start of &hellip;<\/p>\n","protected":false},"author":13,"featured_media":62113,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8094,6885,6987,8143,6871],"class_list":["post-65175","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-christopher-waller","tag-fed","tag-inflation","tag-interest-rate-hikes","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=65175"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65175\/revisions"}],"predecessor-version":[{"id":65180,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65175\/revisions\/65180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62113"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=65175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=65175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=65175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}