Will Jobs Report Make Case for a July Fed Rate Hike?
The Federal Reserve should consider holding off on additional interest-rate increases until inflation rises to the U.S. central bank’s target, said Federal Reserve Bank of Chicago President Charles Evans. “In order to ensure confidence that the U.S. will get to 2 percent inflation, it may be best to hold off raising interest rates until core inflation is actually at 2 percent,” Evans said in remarks prepared for a speech Friday in London. Evans, an influential participant on the rate-setting Federal Open Market Committee who doesn’t vote this year on policy, laid out a couple possible cases that will be debated at the panel’s June 14-15 meeting. JP Morgan Asset Management International CIO of Fixed Income Nicholas Gartside discusses with "On the Move" host Caroline Hyde.
Most Recent Videos
Full Show: Bloomberg Daybreak: Americas (09/20)
25:47 - Bloomberg Daybreak: Americas hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include Stephen Ross, chairman at Related Companies, John Ryding, chief economist at RDQ Economics, and James Sweeney, chief economist at Credit Suisse AG. (Source: Bloomberg)