The tightening of the monetary policy of the US central bank to meet its objective of having an inflation of 2% has unleashed uncertainty in global markets.
The Federal Reserve raises the cost of credits in the US for the third consecutive time, but raises doubts about whether this measure is already beginning to slow down economic growth.
A recession is "a risk when the Fed tightens its monetary policy against inflation," explained the leader on economic and financial issues in the Joe Biden government.
Jerome Powell acknowledged that they have taken tough measures to curb rising prices in the US, but reiterated that they must act now to avoid worse consequences in the future.
The Federal Reserve will maintain tough language until inflation runs out of steam, but an early US recession is ruled out, says UBS Global Wealth Management.
While there is little doubt that the Fed will raise rates at its next meeting in September, the market is divided on the magnitude of that increase (will it be 50 or 75 bps)?
Danni Büchner is invited to Sam Dylan's Halloween party. But the "Goodbye Germany" emigrant has no desire for many other party guests. And find clear words.
