{"id":71829,"date":"2022-09-08T22:46:00","date_gmt":"2022-09-08T18:46:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=71829"},"modified":"2022-09-08T22:59:07","modified_gmt":"2022-09-08T18:59:07","slug":"feds-evans-prefers-to-rate-hike-pause","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-evans-prefers-to-rate-hike-pause\/09\/08\/market-updates\/","title":{"rendered":"Fed&#8217;s Evans prefers to rate hike pause"},"content":{"rendered":"\n<p>Federal Reserve Bank of Chicago President Charles Evans said, on Thursday, that policymakers could deliver a third straight jumbo increase in interest ratesat the next FOMC meeting on September 20-21, but he is opened minded between a 50 or 75 basis point hike. <br><br>The US dollar index and shorter-dated US Treasury yields rose on Thursday following Federal Reserve Chair Jerome Powell&#8217;s comments that the central bank was &#8220;strongly committed&#8221; to controlling inflation.<br><br>The DXY index, which measures the greenback vs. a basket of currencies has travelled between a low of 109.334 and a high of 110.243.<br><br><strong>Key Comments<br><\/strong><br>&#8221;I&#8217;m open-minded on 50 bps or 75 bps rate hike for Sept.&#8221;<br>    <br>&#8221;Will monitor breadth of inflation, and if anything surprises on wages may need to get to peak rate sooner.&#8221;<br>    <br>&#8221;Signs of inflation cooling won&#8217;t change need to get to peak fed funds rate of 4%, but maybe not as soon.&#8221;<br>    <br>&#8221;Don&#8217;t have heartburn about getting to peak 3.75%-4% fed funds range by year-end or January.&#8221;<br>    <br>&#8221;Dollar strength shows the confidence we&#8217;ll get inflation back down.&#8221;<br>    <br>&#8221;Hopeful that unemployment won&#8217;t do all the work getting inflation down; will be special factors, supply chains.&#8221;<br>    <br>&#8221;Need to be confident inflation is heading back down to our 2% objective.&#8221;<br>    <br>&#8221; Would prefer to raise rates and hold for some time, rather than raise too far and then have to cut.&#8221;<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Bank of Chicago President Charles Evans said, on Thursday, that policymakers could deliver a third straight jumbo increase in interest ratesat the next FOMC meeting on September 20-21, but he is opened minded between a 50 or 75 basis point hike. The US dollar index and shorter-dated US Treasury yields rose on Thursday &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":[9418,6885,8143],"class_list":["post-71829","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-evans","tag-fed","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71829","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=71829"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71829\/revisions"}],"predecessor-version":[{"id":71834,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71829\/revisions\/71834"}],"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=71829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}