Powell confirms it: Rate hikes will be lower in December. market jumps - Especialistes en inversió estrangera a Andorra Grup Assessors Associats DPS Especializados en inversión extranjera, residencia pasiva y activa. Empresa de referencia en Andorra, tanto en nuestra zona de actuación principal: Andorra, Francia y España, como internacionalmente siguiendo el objetivo de expandirnos a nuevos mercados, priorizando siempre nuestro sello de identidad: la calidad en atención al cliente. Fiscal Jurídico Contable Administrativo Global. ASSESSORS ASSOCIATS Résidence passive Andorre Fiscalité en Andorre Investir en Andorre Comment devenir résident Andorre Andorre taxes Prendre sa retraite en Andorre Créer une société en Andorre installer à Andorre entreprise Andorre Sociedad patrimonial requisitos Impuestos de Andorra Ouvrir un compte en Andorre Gestoria Andorre Vivre en Andorre à la retraite Fiscalité Andorre Devenir résident Andorre Retraite Andorre installer à Andorre entreprise Andorre Sociedad patrimonial requisitos Impuestos de Andorra Ouvrir un compte en Andorre Gestoria Andorre Vivre en Andorre à la retraite Fiscalité Andorre Devenir résident Andorre Retraite Andorre Cabinet-conseil international

Powell confirms it: Rate hikes will be lower in December. market jumps

Investing.com – Interest rate hikes will be less in December, US Federal Reserve Chairman Jerome Powell confirmed in a speech at the Brookings Institution.

“The time to ease the pace of rate increases may come as soon as the December meeting. It makes sense to moderate the pace of our rate hikes as we get closer to the level of moderation that will be enough to reduce inflation,” the official said.

The market jumped after the statements, reflecting gains for the first time in four days, with the Nasdaq rising 262 points or 2.39%, the Dow Jones up 235 points or 0.70%, and the S&P 500 gaining 56 points or 1.43%.

However, he clarified that it is still necessary to maintain the restrictive policy to continue curbing inflation: “We have a long way to go to restore price stability.”

Regarding the terminal rate, or the peak of increases, the president of the Fed indicated that in effect it would be above the projections of the organization in September, now that maximum should be between 5% and 5.25%, indicated Powell.

This would imply a possible adjustment of 50 bp in December, and possibly another three of 0.25% next year.

“Given our progress in tightening the policy, the timing of that easing is far less significant than how long it will take to keep the policy at a restrictive level,” Powell said.

“It will take a lot more evidence to reassure you that inflation is really coming down. By any standard, inflation is still too high,” she reiterated.