Fed may have to carry bulk of burden in hitting inflation goal - Kashkari

Tuesday, May 10, 2022

(Reuters) -The U.S. Federal Reserve may not get as much help as it hopes from supply chains easing as it battles to bring down inflation to its 2% goal, Minneapolis Fed President Neel Kashkari said on Monday, as he pointed out a string of data which still appear to show consumers remain willing to spend despite higher prices..

"I'm confident we are going to get inflation back down to our 2% target, but I am not yet confident on how much of that burden we're gonna have to carry versus getting help from the supply side," Kashkari said in an interview with CNBC.

"Virtually all of that news is in the wrong direction," he said, citing the war in Ukraine and COVID lockdowns in China as putting upward pressure on prices.

While there is some signs that inflation may have softened "just a hair," Kashkari added, other indicators point to consumers remaining in robust health.

There is a still an estimated more than $2 trillion in excess savings on American balance sheets accumulated during the pandemic.

"I would have expected by now more evidence that these household balance sheets were being spent down... there's a possibility that the economy has now been pushed to a higher pressure equilibrium than it was before. And if that's the case, then we're going to have even more work to do," to bring inflation back down, Kashkari said.

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APPROVED BROKERS

22-05-2022 11:42:47 (UTC+7)

EUR/USD

1.0562

-0.0024 (-0.23%)

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↑ Buy

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Indicators:

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EUR/USD

1.0562

-0.0024 (-0.23%)

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↑ Buy

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Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

GBP/USD

1.2489

+0.0029 (+0.23%)

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Neutral

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USD/JPY

127.86

+0.07 (+0.05%)

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Neutral

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AUD/USD

0.7039

-0.0008 (-0.11%)

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Sell

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USD/CAD

1.2839

+0.0014 (+0.11%)

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↑ Buy

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Sell (1)

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EUR/JPY

135.05

-0.24 (-0.18%)

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Neutral

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EUR/CHF

1.0296

-0.0005 (-0.05%)

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Gold Futures

1,845.10

+3.90 (+0.21%)

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Silver Futures

21.765

-0.143 (-0.65%)

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Copper Futures

4.3042

+0.0212 (+0.49%)

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↑ Buy

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Crude Oil WTI Futures

110.35

+0.46 (+0.42%)

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Brent Oil Futures

112.91

+0.87 (+0.78%)

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Natural Gas Futures

8.058

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US Coffee C Futures

216.48

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Euro Stoxx 50

3,657.03

+16.48 (+0.45%)

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S&P 500

3,901.36

+0.57 (+0.01%)

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DAX

13,981.91

+99.61 (+0.72%)

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Buy

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FTSE 100

7,389.98

+87.24 (+1.19%)

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Neutral

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Hang Seng

20,717.24

+596.56 (+2.96%)

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US Small Cap 2000

1,773.27

-2.96 (-0.17%)

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↑ Buy

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IBEX 35

8,484.50

+78.50 (+0.93%)

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Neutral

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Buy (3)

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BASF SE NA O.N.

48.850

-0.010 (-0.02%)

Summary

Buy

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Bayer AG NA

63.74

+0.34 (+0.54%)

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Buy

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Allianz SE VNA O.N.

195.58

+0.78 (+0.40%)

Summary

Buy

Moving Avg:

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Buy (8)

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Adidas AG

172.80

+0.92 (+0.54%)

Summary

Buy

Moving Avg:

Buy (6)

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Indicators:

Buy (7)

Sell (1)

Deutsche Lufthansa AG

6.852

+0.049 (+0.72%)

Summary

↑ Sell

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Buy (0)

Sell (12)

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Buy (2)

Sell (5)

Siemens AG Class N

115.08

+2.62 (+2.33%)

Summary

Neutral

Moving Avg:

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Indicators:

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Deutsche Bank AG

9.362

-0.130 (-1.37%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

EUR/USD	1.0562	↑ Buy
GBP/USD	1.2489	Neutral
USD/JPY	127.86	Neutral
AUD/USD	0.7039	Sell
USD/CAD	1.2839	↑ Buy
EUR/JPY	135.05	Neutral
EUR/CHF	1.0296	↑ Buy

Gold	1,845.10	↑ Buy
Silver	21.765	↑ Sell
Copper	4.3042	↑ Buy
Crude Oil WTI	110.35	↑ Sell
Brent Oil	112.91	↑ Sell
Natural Gas	8.058	↑ Sell
US Coffee C	216.48	↑ Buy

Euro Stoxx 50	3,657.03	↑ Buy
S&P 500	3,901.36	↑ Buy
DAX	13,981.91	Buy
FTSE 100	7,389.98	Neutral
Hang Seng	20,717.24	↑ Sell
Small Cap 2000	1,773.27	↑ Buy
IBEX 35	8,484.50	Neutral

BASF	48.850	Buy
Bayer	63.74	Buy
Allianz	195.58	Buy
Adidas	172.80	Buy
Lufthansa	6.852	↑ Sell
Siemens AG	115.08	Neutral
Deutsche Bank AG	9.362	Buy

Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG
SJC Eximbank	6,875/ 6,975 (6,875/ 6,975) # 1,795
SJC HCM	6,895/ 6,985 (0/ 0) # 1,800
SJC Hanoi	6,895/ 6,987 (0/ 0) # 1,802
SJC Danang	6,895/ 6,987 (0/ 0) # 1,802
SJC Nhatrang	6,895/ 6,987 (0/ 0) # 1,802
SJC Cantho	6,895/ 6,987 (0/ 0) # 1,802
Cập nhật 22-05-2022 11:42:49
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ↀ Giá vàng thế giới
$1,846.53	+4.27	0.23%

ʘ Giá bán lẻ xăng dầu
Sản phẩm	Vùng 1	Vùng 2
RON 95-V	30.580	31.190
RON 95-III	29.980	30.570
E5 RON 92-II	28.950	29.520
DO 0.05S	26.650	27.180
DO 0,001S-V	27.450	27.990
Dầu hỏa 2-K	25.160	25.660

ↂ Giá dầu thô thế giới
WTI	$109.83	0	0%
Brent	$110.60	0	0%

$ Tỷ giá Vietcombank
Ngoại tệ	Mua vào	Bán ra
USD	23.000,00	23.310,00
EUR	23.879,54	25.217,23
GBP	28.128,10	29.328,16
JPY	176,49	186,84
KRW	15,80	19,26
Cập nhật lúc 11:35:29 22/05/2022 Xem bảng tỷ giá hối đoái