


(Bloomberg) -- Federal Reserve Governor Lisa Cook highlighted a variety signs of easing inflationary pressuring, including decelerating wage gains.
“Recent data suggest that labor-compensation growth has indeed started to decelerate somewhat over the past year,” she said in a speech prepared for delivery to the American Economic Association’s annual meeting in New Orleans on Friday.
While stressing that inflation remained far too high for the Fed’s liking, Cook also saw signs of ebbing inflationary pressures elsewhere, including a topping out of increases for new rentals and ebbing supply shortage of key materials.
Policy makers have zeroed in on what they see as an unbalanced jobs market, with demand for workers far outstripping supply, leading to wage increases that Fed officials reckon are not compatible with the achievement of their 2% inflation goal.
Average hourly earnings rose 4.6% in December from a year earlier, down from a 4.8% pace in November, according to Labor Department data released on Friday. But payrolls growth remained strong last month, and the unemployment rate fell to 3.5%.
Fed officials raised rates by a half percentage point last month, slowing down after four straight 75 basis-point hikes while extending the most aggressive tightening campaign since the 1980s. That brought the target on its benchmark rate to a range of 4.25% to 4.5%.
Officials also issued fresh forecasts that showed they expect policy to remain tight this year, with 17 out of 19 officials projecting rates above 5% by the end of 2023. No Fed official forecast rate cuts this year.
The Fed is aiming to bring down inflation, which is running well above its 2% target but which has recently shown signs of easing. The personal consumption expenditures price index, the US central bank’s preferred inflation gauge, clocked in at a year-on-year rate of 5.5% in November, down from a multi-decade high of 7% in June.
While housing costs as measured in the PCE price index will likely increase further in the coming months, that “process should slow appreciably over the course of the year,” reflecting the trend in new rentals, Cook said.
While Fed officials have welcomed the recent ebbing in price pressures, they’ve stressed that they’ll need “substantially more evidence of progress to be confident that inflation was on a sustained downward path,” according to the minutes of last month’s meeting.
“Crucially, we must be vigilant to ensure that pandemic-era cost pressures and disruptions do not have lasting effects on inflation,” Cook said. “If cost shocks and supply disruptions keep inflation elevated for a long enough period, households’ and firms’ inflation expectations could move higher—a development that could put additional upward pressure on inflation,” she said.
Cook added that any de-anchoring of expectations “would be a major concern,” because it could make the high inflation that the US has been dealing with more persistent.
“I am committed to bringing inflation back to our 2% goal,” she said, adding that the Fed must continue to advance its understanding of price growth and its underlying structural causal relationships, as well as the bank’s ability to forecast risks.
©2023 Bloomberg L.P.
EUR/USD
1.0701
+0.0008 (+0.07%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
EUR/USD
1.0701
+0.0008 (+0.07%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
GBP/USD
1.2433
+0.0009 (+0.07%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
USD/JPY
139.50
-0.14 (-0.10%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
AUD/USD
0.6682
+0.0011 (+0.16%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
USD/CAD
1.3396
-0.0007 (-0.05%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (6)
EUR/JPY
149.28
-0.04 (-0.03%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
EUR/CHF
0.9704
-0.0001 (-0.01%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (7)
Gold Futures
1,980.15
-1.35 (-0.07%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (6)
Silver Futures
23.692
+0.022 (+0.09%)
Summary
BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (4)
Sell (3)
Copper Futures
3.7702
+0.0037 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (9)
Sell (0)
Crude Oil WTI Futures
71.67
-0.07 (-0.10%)
Summary
NeutralMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (4)
Sell (5)
Brent Oil Futures
76.22
+0.25 (+0.33%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
Natural Gas Futures
2.264
+0.005 (+0.22%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (1)
Sell (8)
US Coffee C Futures
184.08
+0.98 (+0.54%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (5)
Sell (4)
Euro Stoxx 50
4,295.22
+1.98 (+0.05%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (6)
S&P 500
4,283.85
+10.06 (+0.24%)
Summary
BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (3)
Sell (2)
DAX
15,992.44
+28.55 (+0.18%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (6)
FTSE 100
7,628.10
+28.11 (+0.37%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (7)
Hang Seng
19,099.28
-9.22 (-0.05%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (0)
US Small Cap 2000
1,856.34
+49.63 (+2.75%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
IBEX 35
9,310.80
+21.70 (+0.23%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
BASF SE NA O.N.
46.760
+0.225 (+0.48%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (9)
Bayer AG NA
52.28
+0.16 (+0.31%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Allianz SE VNA O.N.
210.50
+0.55 (+0.26%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (3)
Adidas AG
159.68
+1.38 (+0.87%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (2)
Sell (7)
Deutsche Lufthansa AG
9.141
+0.030 (+0.33%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (4)
Sell (1)
Siemens AG Class N
158.36
-0.16 (-0.10%)
Summary
NeutralMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (1)
Sell (5)
Deutsche Bank AG
9.784
+0.088 (+0.91%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (5)
EUR/USD | 1.0701 | ↑ Buy | |||
GBP/USD | 1.2433 | ↑ Buy | |||
USD/JPY | 139.50 | ↑ Sell | |||
AUD/USD | 0.6682 | ↑ Buy | |||
USD/CAD | 1.3396 | ↑ Sell | |||
EUR/JPY | 149.28 | ↑ Sell | |||
EUR/CHF | 0.9704 | ↑ Sell |
Gold | 1,980.15 | ↑ Sell | |||
Silver | 23.692 | Buy | |||
Copper | 3.7702 | ↑ Buy | |||
Crude Oil WTI | 71.67 | Neutral | |||
Brent Oil | 76.22 | ↑ Buy | |||
Natural Gas | 2.264 | ↑ Sell | |||
US Coffee C | 184.08 | ↑ Buy |
Euro Stoxx 50 | 4,295.22 | Sell | |||
S&P 500 | 4,283.85 | Buy | |||
DAX | 15,992.44 | ↑ Sell | |||
FTSE 100 | 7,628.10 | ↑ Sell | |||
Hang Seng | 19,099.28 | ↑ Buy | |||
Small Cap 2000 | 1,856.34 | ↑ Buy | |||
IBEX 35 | 9,310.80 | ↑ Buy |
BASF | 46.760 | ↑ Sell | |||
Bayer | 52.28 | ↑ Buy | |||
Allianz | 210.50 | Sell | |||
Adidas | 159.68 | Neutral | |||
Lufthansa | 9.141 | ↑ Buy | |||
Siemens AG | 158.36 | Neutral | |||
Deutsche Bank AG | 9.784 | Neutral |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,640/ 6,680 (0/ 0) # 1,084 |
SJC HCM | 6,640/ 6,700 (0/ 0) # 1,103 |
SJC Hanoi | 6,640/ 6,702 (0/ 0) # 1,105 |
SJC Danang | 6,640/ 6,702 (0/ 0) # 1,105 |
SJC Nhatrang | 6,640/ 6,702 (0/ 0) # 1,105 |
SJC Cantho | 6,640/ 6,702 (0/ 0) # 1,105 |
Cập nhật 07-06-2023 07:01:53 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,963.39 | +1.75 | 0.09% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 22.790 | 23.240 |
RON 95-III | 22.010 | 22.450 |
E5 RON 92-II | 20.870 | 21.280 |
DO 0.05S | 17.940 | 18.290 |
DO 0,001S-V | 18.800 | 19.170 |
Dầu hỏa 2-K | 17.770 | 18.120 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $71.82 | -0.21 | -0.00% |
Brent | $75.92 | -0.52 | -0.01% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.290,00 | 23.660,00 |
EUR | 24.512,73 | 25.885,30 |
GBP | 28.465,87 | 29.679,67 |
JPY | 163,63 | 173,22 |
KRW | 15,64 | 19,05 |
Cập nhật lúc 06:57:04 07/06/2023 Xem bảng tỷ giá hối đoái |