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28.08.26 - 21:54
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47% Saw Real Wages Decline Due To Inflation: Richardson (Bloomberg)
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Nela Richardson, chief economist & ESG officer with ADP and Bloomberg contributor, joins Scarlet Fu on "Bloomberg Money." They discuss how all parts of the economy are getting more expensive and how Americans are handling rising prices. (Source: Bloomberg)...
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28.08.26 - 18:54
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Bailey Says UK Is Seeing Subdued Second-Round Inflation Effects (Bloomberg)
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Bank of England Governor Andrew Bailey says the UK is not yet experiencing significant second-round inflation effects, citing a softening labor market. He speaks to Bloomberg's Lisa Abramowicz at the Federal Reserve's annual gathering in Jackson Hole, Wyoming. (Source: Bloomberg)...
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28.08.26 - 18:42
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BOE′s Bailey on Warsh′s Jackson Hole Speech, UK Inflation (Bloomberg)
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Bank of England Governor Andrew Bailey says Federal Reserve Governor Kevin Warsh gave a speech of "real substance" at the Fed's annual conference in Jackson Hole, Wyoming. Speaking with Bloomberg's Lisa Abramowicz, Bailey also says the UK is not yet experiencing significant second-round inflation effects. (Source: Bloomberg)...
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28.08.26 - 18:30
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Fed chair says delivering ′stable prices′ is central bank′s job as inflation persists (The Guardian)
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However, Kevin Warsh didn't say if interest rates would change in coming months, as inflation remains stubbornThe US Federal Reserve is not done fighting high inflation, its chair, Kevin Warsh, said in his first major speech in the role on Friday, emphasizing that it was “the Fed's job to deliver stable prices”.Warsh did not indicate where the Fed will take interest rates in the coming months, despite US inflation remaining stubbornly above the central bank's 2% target amid the war in Iran. But his speech was taken by markets as a signal that rates may rise in the coming months, a move that may put him at odds with Donald Trump, who has aggressively called for rates to be cut. Continue reading......
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