Goolsbee của Fed gọi báo cáo lạm phát là 'đáng lo ngại' khi ngân hàng trung ương cân nhắc tăng lãi suất thêm
Báo cáo lạm phát hôm thứ Ba đến vào thời điểm quan trọng đối với các nhà hoạch định chính sách tại Cục Dự trữ Liên bang khi họ xem xét động thái lãi suất tiếp theo — và những động thái họ có thể phải thực hiện trong những tháng tới nếu...
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Tuesday's inflation report landed at a critical juncture for the central bankers at the Federal Reserve as they considers their next interest-rate move — and the moves they may have to make in the months ahead if the numbers continue to come in hot.
Goolsbee's comments came on the heels of remarks from other Fed officials Tuesday who said the rate-setting Federal Open Market Committee may need to act more decisively to rein in inflation.
When it raises or lowers rates, the Fed typically moves by a quarter-percentage point.
Dallas Fed President Lorie Logan, speaking Tuesday after the inflation report, said she sees a need for two additional quarter-point increases, and said "it may be possible to move more rapidly this winter than the FOMC has moved so far this fall."
The rate-setting committee raised rates by a quarter point in September, to a range of 3.75%-4%, before voting to hold them steady in October.
After years of higher-than-preferred price growth , Goolsbee said the possibility of consumers and businesses beginning to expect hot inflation is a "major concern." If that does happen, he said it can make the process of cooling inflation "much more painful."
But Goolsbee didn't specify whether he thought the Fed should hike rates at its December policy gathering as a result of these concerns. "I'm not a fan of being very specific and tying our hands at the next meeting or meetings in the future," Goolsbee said.
Waller, Logan and Paulson are voting members of the FOMC this year, which means they will cast votes on whether to raise rates at the committee's final meeting of the year in December. Goolsbee will be a voting member next year.
In the wake of the inflation report and the remarks from the various Fed officials, Fed funds futures are now unanimously expecting a rate hike at the December meeting, according to CME's FedWatch tool.
Now the question is about whether the central bank will raise rates by a quarter or half percentage point. The Fed funds futures currently put the odds of a half-point hike at the upcoming December meeting at 15%.
Odds of rates reaching 4.25%-4.5% by the January meeting — the equivalent of either a single half-point rise or two quarter-point hikes — are now at 60%, with a 10% chance of rates hitting 4.5%-4.75% by then.
