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Fed officials mull raising rates to curb growing inflation risk

Fed officials mull raising rates to curb growing inflation risk

By Michael S. Derby May 29 (Reuters) - Federal Reserve officials continued on Friday to signal the U.S. central bank may need to raise interest rates in the future if the war in the Middle East leads to a persistent increase in already-high inflation.
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Fed's Bowman says extended energy shock could drive shift in policy outlook

Fed's Bowman says extended energy shock could drive shift in policy outlook

By Michael S. Derby May 29 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday the Middle East war's impact on the economy, while still being measured, could lead to persistent rises in inflation that might require tighter monetary policy.
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Federal Reserve Officials Consider Rate Hike Amid Rising Inflation Concerns

Federal Reserve Officials Consider Rate Hike Amid Rising Inflation Concerns

Federal Reserve Officials Consider Rate Hike Amid Rising Inflation Concerns
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Federal Reserve's Bowman Warns Extended Energy Shock Could Alter Monetary Policy

Federal Reserve's Bowman Warns Extended Energy Shock Could Alter Monetary Policy

Federal Reserve's Bowman Warns Extended Energy Shock Could Alter Monetary Policy
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Morning Bid: Deal or no deal

Morning Bid: Deal or no deal

By Anna Szymanski May 29 (Reuters) - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!
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Fed's Musalem says rate hike may be needed if inflation doesn't ease

Fed's Musalem says rate hike may be needed if inflation doesn't ease

By Ann Saphir May 28 (Reuters) - St.
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ECB chief economist sees persistent impact on inflation from Iran war

ECB chief economist sees persistent impact on inflation from Iran war

By Leika Kihara TOKYO, May 28 (Reuters) - The energy shock caused by the Middle East conflict will likely have a persistent impact on inflation even if there is a quick solution to the war, the European Central Bank's chief economist, Philip Lane, said on Thursday.
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Bank of England's Bailey says allowing inflation to run above target is appropriate

Bank of England's Bailey says allowing inflation to run above target is appropriate

May 29 (Reuters) - Bank of England Governor Andrew Bailey said on Friday that allowing inflation to run above the central bank's 2% target is justified given the uncertainty about the impact of the Iran war on the economy and the weak pace of growth.
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Chicago Fed President Goolsbee Highlights Persistent Energy Inflation Impacting Asian Economies

Chicago Fed President Goolsbee Highlights Persistent Energy Inflation Impacting Asian Economies

Chicago Fed President Goolsbee Highlights Persistent Energy Inflation Impacting Asian Economies
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NZ central bank holds rates steady in tight vote, warns hikes to come sooner

NZ central bank holds rates steady in tight vote, warns hikes to come sooner

By Stella Qiu and Lucy Craymer WELLINGTON, May 27 (Reuters) - New Zealand's central bank held rates steady on Wednesday, but a split vote underscored a knife-edge decision, as policymakers warned rates will need to rise sooner and by more than expected to counter an energy shock rippling through the
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Fed's Kashkari calls for focus on inflation risk, mum on timing of next rate move

Fed's Kashkari calls for focus on inflation risk, mum on timing of next rate move

By Leika Kihara TOKYO, May 27 (Reuters) - The Federal Reserve must focus on containing inflationary risks that appear to be building, though it was "far too soon" to predict when it could next change interest rates even as markets price in an October increase, Minneapolis Fed President Neel Kashkari
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Trading Day: Pause before PCE

Trading Day: Pause before PCE

By Jamie McGeever ORLANDO, Florida, May 27 (Reuters) - World stocks eked out new highs while major markets such as the S&P 500, U.S. dollar and Treasuries were largely steady on Wednesday as investors digested conflicting signals on a potential U.S.-Iran peace deal and awaited U.S. inflation figures