{"id":67506,"date":"2022-06-22T18:00:12","date_gmt":"2022-06-22T14:00:12","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=67506"},"modified":"2022-06-22T18:39:40","modified_gmt":"2022-06-22T14:39:40","slug":"powell-says-ongoing-interest-rate-increases-will-be-appropriate","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/powell-says-ongoing-interest-rate-increases-will-be-appropriate\/06\/22\/market-updates\/","title":{"rendered":"Powel: ongoing interest rate increases will be appropriate"},"content":{"rendered":"\n<p>While testifying before the Senate Banking, Housing, &amp; Urban Affairs Committee on Wednesday, FOMC Chairman Jerome Powell said that ongoing interest rate increases will be appropriate.<\/p>\n\n\n\n<p>&#8220;Fed is strongly committed to bringing inflation back down, moving expeditiously to do so.&#8221;<\/p>\n\n\n\n<p>&#8220;Pace of future rate increases will continue to depend on incoming data and evolving economic outlook.&#8221;<\/p>\n\n\n\n<p>&#8220;We will make our decisions meeting by meeting.&#8221;<\/p>\n\n\n\n<p>&#8220;Essential that inflation be brought down if US Ii&nbsp;to have a sustained period of strong labor market conditions that benefit all Americans.&#8221;<\/p>\n\n\n\n<p>&#8220;Available data for May suggest core inflation likely held at April&#8217;s 4.9% annual pace or eased slightly.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While testifying before the Senate Banking, Housing, &amp; Urban Affairs Committee on Wednesday, FOMC Chairman Jerome Powell said that ongoing interest rate increases will be appropriate. &#8220;Fed is strongly committed to bringing inflation back down, moving expeditiously to do so.&#8221; &#8220;Pace of future rate increases will continue to depend on incoming data and evolving economic &hellip;<\/p>\n","protected":false},"author":9,"featured_media":58171,"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":[8672,6885,8322,7580,8496],"class_list":["post-67506","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-barkin","tag-fed","tag-fomc-meeting","tag-monetary-policy","tag-tightening-monetary-policy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67506","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=67506"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67506\/revisions"}],"predecessor-version":[{"id":67514,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67506\/revisions\/67514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/58171"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=67506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=67506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=67506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}