Hot on Economy, Cold on Mandate?
Listen to U.S. Federal Reserve Chair Janet Yellen or Bank of England Governor Mark Carney these days and you might conclude central bankers are rethinking their inflation targets. After Janet Yellen mused on Friday that a “high-pressure economy” might help heal the harm done by the recession, bond yields rose as investors bet that rising inflation may be less important to the Fed than boosting the labor market. Mark Carney, who in the aftermath of the post-Brexit slump in the pound is now saying he’s ready to “look through” faster price gains. U.K. inflation surged to the fastest pace in almost two years in September. Coutts & Company Chief Investment Officer Alan Higgins discusses with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."
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Economist Hooper Sees Fed Holding to 2018 Expectations
58:36 - Peter Hooper, chief economist at Deutsche Bank AG, and Peter Schaffrik, global macro strategist at RBC Europe, preview this week's Federal Reserve interest rate decision and how the Fed's dot plot may change. They speak with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas." (Source: Bloomberg)