Free Trial
US TSYS

Late SOFR/Eurodollar/Treasury Options Roundup

AUDUSD TECHS

Key Resistance Exposed

US STOCKS

Late Equity Roundup: Bounce off Late Reversal

US

Late Corporate Credit Update

US OUTLOOK/OPINION

CIBC In Line For Core CPI, Above Consensus For Headline

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI INTERVIEW: Too Soon To Say Inflation Peaked- Fed’s Wright

(MNI) WASHINGTON

St. Louis Fed vice president sees rates rising to around 4.5% then staying there for "a couple of years."

It’s too early to say whether U.S. inflation has peaked at near 40-year highs and the Federal Reserve must keep raising interest rates in order to make monetary policy modestly restrictive, St. Louis Fed economist Mark Wright told MNI.

“It’s still far too soon for us to be confident that inflation has peaked and we need to remain vigilant,” said Wright, a senior vice president at the regional central bank, in an interview. “The inflation situation is still very troubling – the numbers are much too high.”

Keep reading...Show less
537 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

It’s too early to say whether U.S. inflation has peaked at near 40-year highs and the Federal Reserve must keep raising interest rates in order to make monetary policy modestly restrictive, St. Louis Fed economist Mark Wright told MNI.

“It’s still far too soon for us to be confident that inflation has peaked and we need to remain vigilant,” said Wright, a senior vice president at the regional central bank, in an interview. “The inflation situation is still very troubling – the numbers are much too high.”

Keep reading...Show less