Home World Omicron Variant Virus Causes Panic European Central Banks Still Accelerate “Recovering Water” | Omicron Variant Virus | Federal Reserve Board |

Omicron Variant Virus Causes Panic European Central Banks Still Accelerate “Recovering Water” | Omicron Variant Virus | Federal Reserve Board |

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[Voice of Hope November 26, 2021](Reported by our reporter Yihu)Raphael Bostic, President of the Federal Reserve Bank of Atlanta of the United States, predicted on Friday (November 26) that the Fed is likely to raise interest rates one or two times next year. He hopes that the current growth rate of the US economy can smoothly overcome the CCP. The crisis caused by a new variant of the virus Omicron.

The World Health Organization officially listed the Omicron variant of the Chinese Communist Party virus as a “noteworthy” grade on Friday. Bostic said in an interview with Fox News that the US economy is still growing strongly, and he hopes that the momentum for economic recovery will not be affected by the new one. The blow of the epidemic.

Bostic reiterated that he is open to the Federal Reserve’s accelerated reduction in debt purchases. In the face of continued high inflation, the Federal Reserve needs to be quite flexible; he believes that the Federal Reserve may end early in the first quarter of next year or the beginning of the second quarter. Buying debt, the Fed originally estimated that it would not end the purchase of debt until the middle of next year.

Due to the panic caused by Omicron’s new variant virus, the market’s expectations for the Fed’s rate hike have generally cooled. According to Chicago futures trading data, traders expect the possibility of the Fed’s rate hike in June next year to be 53.7%, lower than Wednesday’s 82.1%.

Although the financial market is worried that the new crown epidemic may worsen again, European Central Bank President Lagarde and Deputy Governor Luis de Guindos separately stated that it is possible to decide whether to end in March next year at the December interest rate meeting. Emergency Bond Purchase Plan (PEPP): Once the economic situation deteriorates again, the central bank needs to continue to provide economic support. After the PEPP ends, it can also implement regular bond purchase operations.

Editor in charge: Song Yue

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