net_left adver left

Fed to stick with aggressive rate hikes after hot inflation data

Wednesday, September 14, 2022
Fed to stick with aggressive rate hikes after hot inflation data © Reuters. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid
let atwWrapper,atwContainerWidth,atwSliderBox,atwTotalWidth; function initATWSlider() { atwWrapper = $('.relatedInstruments'); atwSliderBox = atwWrapper.find('.slider'); atwContainerWidth = atwWrapper.width(); atwTotalWidth = atwSliderBox.width(); if(window.domainId === '2' || window.domainId === '3'){ atwWrapper.find('.sliderRight').addClass('js-slider-prev'); atwWrapper.find('.sliderLeft').addClass('js-slider-next'); } else { atwWrapper.find('.sliderRight').addClass('js-slider-next'); atwWrapper.find('.sliderLeft').addClass('js-slider-prev'); } if(atwSliderBox.find('.instrumentBox').length > 6){ atwWrapper.find('.js-slider-next').fadeIn(600); } } function atwMoveRight() { atwWrapper.find('.js-slider-prev').fadeIn(150); $(".slider > :visible:first").hide(150) $(".slider > :visible:last").next().show(150); if(!$(".slider > :visible:last").next().find('.name')()){ atwWrapper.find('.js-slider-next').fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find('.js-slider-next').fadeIn(150); $(".slider > :visible:last").hide(150); $(".slider > :visible:first").prev().show(150); if(!$(".slider > :visible:first").prev().find('.name')()){ atwWrapper.find('.js-slider-prev').fadeOut(150); return; } } initATWSlider(); //update star icon on adding/removing instrument to/from specific watchlist atwWrapper.on('click', 'label.addRow', function() { let parent = $(this).parent(); let checkedPortfolio = false; parent.find('input[type=checkbox]').each(function () { if($(this).is(':checked')){ checkedPortfolio = true; } }); let closestStar = $(this).closest('.addToPortWrapper').find('.star'); if(checkedPortfolio){ closestStar.addClass('added'); }else{ closestStar.removeClass('added'); } }); //update star icon on creating new watchlist atwWrapper.find('.js-create-watchlist-portfolio').find('a.js-create').on('click',function () { let parent = $(this).parent(); let watchlistName = parent.find('input[type=text]').val(); if(!watchlistName){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); //update star icon on adding new position atwWrapper.find('.js-create-holdings-portfolio').find('.js-submit').on('click',function () { let addPositionForm = $(this).closest('.addToPortfolioPop').find('.holdingsContent'); let amount = addPositionForm.find('.js-amount').val(); if(amount < 1){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); window.atwPairTypes = {"266":"Equities","13943":"Equities"};

By Ann Saphir

(Reuters) -The Federal Reserve is expected to deliver a third straight 75-basis-point interest rate hike next week, with more increases to come, after data on Tuesday showed consumer prices in August did not ease as anticipated and price pressures appeared to broaden.

The consumer price index climbed 0.1% last month from July, and gained 8.3% from the year-earlier period, the Labor Department reported.

Economists had expected a small monthly decline amid falling energy prices, paving the way for the U.S. central bank to perhaps slow the pace of its rate hikes in coming months. But the report showed accelerating inflation in services and a particularly worrisome rise in the cost of rent, which tends to be sticky from one month to the next.

"Putting a lid on escalating shelter costs is the linchpin to taming inflation," said Ron Temple, a managing director at Lazard (NYSE:LAZ) Asset Management, but because rent rises tend to get locked in for 12-month terms, Fed rate hikes cannot quickly bring shelter costs to heel. "The Fed still has more heavy lifting ahead.

Fed Chair Jerome Powell and his colleagues have already raised borrowing costs faster this year than at any time since the 1980s to fight decades-high inflation.

If the Fed announces a 75-basis-point hike at the end of its Sept. 20-21 meeting, its targeted policy rate would rise to the 3.00%-3.25% range, above the level that most policymakers believe will start biting into economic growth and pushing up unemployment.

Traders of futures tied to the Fed policy rate responded to Tuesday's disappointing inflation data by dropping any lingering bets on the prospect of the central bank downshifting to a half-percentage-point hike next week.

Market pricing now reflects expectations for another 75-basis-point rate hike and a one-in-five chance that the Fed will raise rates by a full percentage point next week, with the policy rate seen reaching the 4.00%-4.25% range by the end of this year.

Policymakers have downplayed the importance of any single data point, and have said they expect to keep raising borrowing costs until there is a sustained drop in inflation, which is running far above the Fed's 2% target.

Despite an easing of prices for some items, such as airline tickets, the August CPI data dashed Fed policymakers' hopes for the beginnings of a broader pullback.

Prices of new cars and household furnishing gained, as did prices of food, while core prices - which exclude volatile food and energy components - jumped 0.6% in August from July, twice what analysts polled by Reuters had expected. That put the yearly gain in core prices - a key measure of how persistent inflation could be - at 6.3%, a jump from 5.9% in July.

The report "was worse than expected; it certainly increased the Fed's resolve to remain hawkish," wrote Roberto Perli, an economist at Piper Sandler, who added that the Fed will need to see several months of easing inflation before even thinking about a pause in rate hikes. For now, Perli said, "we are not even remotely close."

WAGE-PRICE SPIRAL?

Fed policymakers have been particularly attuned to services inflation, of which the labor bill is a big chunk. The concern is that as prices rise, workers demand higher wages to enable them to pay their bills, and employers in turn raise prices to cover the higher wage costs.

Policymakers so far have drawn comfort from the relative stability of long-term inflation expectations, which suggests that a 1970s-style wage-price spiral is not in train.

But wage growth, though still below top-line inflation, is accelerating as the unemployment rate, which was 3.7% in August, remains low and labor shortages force employers to raise what they pay workers.

Noting that the report showed particularly strong inflation in wage-sensitive categories like restaurants and medical care, Goldman Sachs (NYSE:GS) economists bumped up their rate hike outlook for the year, saying they now see the Fed delivering a 75-basis-point hike next week and two half-percentage-point hikes in November and December.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
29-09-2022 04:50:37 (UTC+7)

EUR/USD

0.9736

+0.0002 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

EUR/USD

0.9736

+0.0002 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.0886

-0.0002 (-0.02%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (4)

Sell (3)

USD/JPY

144.13

-0.04 (-0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (2)

AUD/USD

0.6521

-0.0001 (-0.02%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (0)

USD/CAD

1.3606

+0.0001 (+0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/JPY

140.32

-0.01 (-0.01%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (6)

EUR/CHF

0.9499

-0.0001 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (7)

Gold Futures

1,668.50

+32.30 (+1.97%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

Silver Futures

18.890

+0.553 (+3.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Copper Futures

3.3805

+0.0970 (+2.95%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (6)

Crude Oil WTI Futures

81.88

+3.38 (+4.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Brent Oil Futures

88.00

+0.23 (+0.26%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Natural Gas Futures

7.022

+0.262 (+3.88%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (5)

US Coffee C Futures

227.80

+3.45 (+1.54%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Euro Stoxx 50

3,335.30

+6.65 (+0.20%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (5)

S&P 500

3,719.04

+71.75 (+1.97%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

DAX

12,183.28

+43.60 (+0.36%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (1)

Sell (4)

FTSE 100

7,005.39

+20.80 (+0.30%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (0)

Sell (6)

Hang Seng

17,250.88

-609.43 (-3.41%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

US Small Cap 2000

1,725.13

+62.62 (+3.77%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (3)

IBEX 35

7,442.20

-3.50 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (5)

BASF SE NA O.N.

39.415

-0.080 (-0.20%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Bayer AG NA

48.19

-0.07 (-0.13%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (4)

Allianz SE VNA O.N.

160.72

-3.02 (-1.84%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Adidas AG

130.24

+2.94 (+2.31%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

Deutsche Lufthansa AG

5.772

-0.024 (-0.41%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Siemens AG Class N

99.46

+1.54 (+1.57%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Deutsche Bank AG

7.854

-0.274 (-3.37%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (7)

    EUR/USD 0.9736 ↑ Sell  
    GBP/USD 1.0886 ↑ Buy  
    USD/JPY 144.13 ↑ Buy  
    AUD/USD 0.6521 ↑ Buy  
    USD/CAD 1.3606 ↑ Sell  
    EUR/JPY 140.32 Sell  
    EUR/CHF 0.9499 ↑ Sell  
    Gold 1,668.50 ↑ Buy  
    Silver 18.890 ↑ Buy  
    Copper 3.3805 ↑ Sell  
    Crude Oil WTI 81.88 ↑ Sell  
    Brent Oil 88.00 ↑ Buy  
    Natural Gas 7.022 Neutral  
    US Coffee C 227.80 ↑ Sell  
    Euro Stoxx 50 3,335.30 Neutral  
    S&P 500 3,719.04 ↑ Sell  
    DAX 12,183.28 Neutral  
    FTSE 100 7,005.39 Neutral  
    Hang Seng 17,250.88 Buy  
    Small Cap 2000 1,725.13 ↑ Buy  
    IBEX 35 7,442.20 Neutral  
    BASF 39.415 ↑ Buy  
    Bayer 48.19 Neutral  
    Allianz 160.72 ↑ Buy  
    Adidas 130.24 ↑ Buy  
    Lufthansa 5.772 ↑ Buy  
    Siemens AG 99.46 ↑ Buy  
    Deutsche Bank AG 7.854 ↑ Sell  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,410/ 6,510
(0/ 0) # 1,818
SJC HCM6,420/ 6,520
(0/ 0) # 1,831
SJC Hanoi6,420/ 6,522
(0/ 0) # 1,833
SJC Danang6,420/ 6,522
(0/ 0) # 1,833
SJC Nhatrang6,420/ 6,522
(0/ 0) # 1,833
SJC Cantho6,420/ 6,522
(0/ 0) # 1,833
Cập nhật 29-09-2022 04:50:39
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,659.90 +30.79 1.89%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V23.26023.720
RON 95-III22.58023.030
E5 RON 92-II21.78022.210
DO 0.05S22.53022.980
DO 0,001S-V24.51025.000
Dầu hỏa 2-K22.44022.880
ↂ Giá dầu thô thế giới
WTI $81.51 -3.33 -4.25%
Brent $87.71 -3.39 -4.02%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.580,0023.890,00
EUR22.159,1623.399,49
GBP24.732,3625.786,46
JPY159,76169,13
KRW14,2317,34
Cập nhật lúc 17:55:10 28/09/2022
Xem bảng tỷ giá hối đoái
adver main right