by Philip S. Chao | Mar 20, 2024 | Central Bank, FOMC, Individuals, Institutions
Summary: Recent indicators suggest that growth of economic activity has been expanding at a solid pace. (Change) Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. (No Change) Job gains have moderated since earlier in...
by Philip S. Chao | Mar 7, 2024 | Central Bank, Individuals, Institutions
Summary Since the last Governing Council meeting in January, inflation has declined further. In the latest ECB staff projections, inflation has been revised down, in particular for 2024 which mainly reflects a lower contribution from energy prices. Staff now project...
by Philip S. Chao | Jan 31, 2024 | Central Bank, FOMC, Individuals, Institutions
Summary Inflation has eased notably over the past year but remains above the longer-run goal of 2 percent. Inflation is still too high; ongoing progress in bringing it down is not assured, and the path forward is uncertain. Longer term inflation expectations appear to...
by Philip S. Chao | Jan 31, 2024 | Central Bank, FOMC, Individuals, Institutions
Summary: Recent indicators suggest that growth of economic activity has been expanding at a solid pace. (Change) Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. (No Change) Job gains have moderated since earlier in...
by Philip S. Chao | Jan 25, 2024 | Central Bank, Individuals, Institutions
Summary The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.50%, 4.75% and 4.00% respectively. (No Change) The past interest rate increases keep being...