Fed determined to curb inflation, several more half-point hikes ‘probably appropriate’

Managers want “quickly return monetary policy to a neutral path”. US central bank officials have said they are determined to bring inflation down sharply, and most of them estimated at their last meeting in early May that several more half-point rate hikes will be “probably necessary”. Read alsoWall Street opens lower while waiting for the … Read more

Biden’s Fed nominee Michael Barr downplays institution’s climate role

According to Michael Barr, “the only objective should be to understand the risks that the climate could pose to the financial system and to work” on “measures to manage these risks.” The US central bank (Fed) must understand climate risks and help banks deal with them, not determine which sectors they should or should not … Read more

solving the baby milk shortage will take a few weeks

An investigation was opened and the manufacturer points out that no trace of bacteria was found in the boxes of milk in question. Baby milk powder should reappear on store shelves in a few days in the United States but the shortage will not be resolved for several weeks, the head of the American drug … Read more

More plethora of job creations in April in the United States

Joe Biden welcomes this movement of business leaders, which promotes post-Covid economic recovery. American companies continued in April to increase hiring, a trend welcomed by Joe Biden who sees it as the result of his economic policy. Read alsoUnited States: increase in job creation in the private sector in September Despite higher costs due to … Read more