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U.S. Producer Prices Rise 0.3% in October, Annual Inflation Reaches 6.5%

U.S. Producer Prices Rise 0.3% in October, Annual Inflation Reaches 6.5%

U.S. Producer Prices Rise 0.3% in October, Annual Inflation Reaches 6.5%
ReutersReuters
Logan says Treasury market functioning 'very well,' Fed needs to strengthen support tools

Logan says Treasury market functioning 'very well,' Fed needs to strengthen support tools

Nov 13 (Reuters) - While the US Treasury market is functioning "very well" despite bouts of interest-rate volatility and banks have improved their access to contingent funding in the last three years, the Federal Reserve should take steps to strengthen its support tools in both arenas, Dallas Fed
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Wholesale Inflation Remains Elevated, Signaling Potential for Continued Consumer Price Increases

Wholesale Inflation Remains Elevated, Signaling Potential for Continued Consumer Price Increases

Wholesale Inflation Remains Elevated, Signaling Potential for Continued Consumer Price Increases
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10-Year Treasury Yield Rises to 5.15% Amid Inflation Concerns and Weak Auction

10-Year Treasury Yield Rises to 5.15% Amid Inflation Concerns and Weak Auction

10-Year Treasury Yield Rises to 5.15% Amid Inflation Concerns and Weak Auction
ReutersReuters
Bessent, Fed's Goolsbee divided on role of energy shock in inflation

Bessent, Fed's Goolsbee divided on role of energy shock in inflation

WASHINGTON, Nov 13 (Reuters) - US Treasury Secretary Scott Bessent said on Friday that the Federal Reserve should not hike rates because of inflation driven by an "energy supply shock" tied to the Iran war, comments made to CNBC and promptly contradicted on the network by Chicago Fed President
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Federal Reserve Officials Signal Further Rate Hikes Amid Persistent Inflation Concerns

Federal Reserve Officials Signal Further Rate Hikes Amid Persistent Inflation Concerns

Federal Reserve Officials Signal Further Rate Hikes Amid Persistent Inflation Concerns
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Federal Reserve Faces Pressure to Accelerate Interest Rate Hikes Amid Stubborn Inflation

Federal Reserve Faces Pressure to Accelerate Interest Rate Hikes Amid Stubborn Inflation

The Federal Reserve is under increasing pressure to implement more aggressive interest rate hikes as inflation continues to rise faster than expected. The latest Consumer Price Index (CPI) showed a 0.4% increase in October, marking the third consecutive month of higher-than-anticipated price rises. This trend is attributed to supply constraints and strong economic demand, according to EY-Parthenon chief economist Gregory Daco. Analysts from BofA Global Research and TD Securities now anticipate multiple quarter-point rate increases in December, January, and March. Fed Governor Christopher Waller has even suggested considering a 0.50 percentage-point increase in December to maintain the central bank's credibility. High energy prices and robust corporate spending on AI infrastructure are identified as key drivers keeping inflation elevated, potentially into 2027, and impacting household purchasing power.
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Treasury Secretary Bessent Urges Federal Reserve to Halt Rate Hikes Amid War-Driven Energy Shock

Treasury Secretary Bessent Urges Federal Reserve to Halt Rate Hikes Amid War-Driven Energy Shock

Treasury Secretary Scott Bessent has urged the Federal Reserve to refrain from raising interest rates, characterizing the current inflationary pressures, particularly from the war with Iran, as a temporary energy supply shock. Bessent argued that the Fed should look to the future rather than reacting to past data, suggesting that an energy shock is not a reason for a sharp turn in monetary policy. This stance was immediately challenged by Chicago Fed President Austan Goolsbee, who contended that inflation has spread beyond energy into services and other sectors, and that demand from artificial intelligence data centers is also contributing to price pressures. The exchange followed a Labor Department report indicating that final-demand producer prices climbed 0.3% in October, with an annual increase of 6.5%, the steepest since November 2022. Despite a slight dip in energy prices, food costs at the wholesale level jumped 1.3%.
ReutersReuters
Fed's Williams says central bank has 'work to do' to get inflation back on target

Fed's Williams says central bank has 'work to do' to get inflation back on target

By Michael S. Derby NEW YORK, Nov 12 (Reuters) - Federal Reserve Bank of New York President John Williams said on Thursday that more interest rate increases are likely as the US central bank seeks to lower high levels of inflation in an otherwise healthy economy.
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Fed sets new meeting schedule for 2027, as foretold by Warsh

Fed sets new meeting schedule for 2027, as foretold by Warsh

Nov 12 (Reuters) - The US Federal Reserve on Thursday unveiled an updated schedule for monetary policy meetings for 2027 following Chairman Kevin Warsh's announcement last month that policymakers would only debate and vote on interest rates seven times next year rather than the standard eight that
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Fed likely to need to raise rates amid worsening inflation: Daly

Fed likely to need to raise rates amid worsening inflation: Daly

By Ann Saphir Nov 13 (Reuters) - San Francisco Federal Reserve President Mary Daly said on Friday that her "bias" is that the central bank will need to increase its policy rate, particularly with services inflation moving in the wrong direction and some signs of inflation persistence.
ReutersReuters
Fed's Hammack signals support for gradual rate-hike path

Fed's Hammack signals support for gradual rate-hike path

By Michael S. Derby NEW YORK, Nov 12 (Reuters) - Cleveland Federal Reserve President Beth Hammack said on Thursday she does not believe that the US central bank needs to shift to more aggressive interest rate rises to combat still-high and broadening inflation.