FT News Briefing Fed hints at less aggressive rate increase
Dec 1, 2022
The Federal Reserve is hinting at slowing interest rate hikes, which could ease market tension. Emmanuel Macron is in Washington discussing the economic impacts of the Ukraine war. Meanwhile, Eurozone inflation has dipped unexpectedly, a sign of potential relief. The crypto world feels the aftershocks of the FTX collapse, highlighted by BlockFi's bankruptcy. Amidst this turmoil, art investments are thriving at Art Basel Miami Beach, showcasing an intriguing contrast in the financial landscape.
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Fed Hints at Less Aggressive Rate Hikes
- The Federal Reserve Chair, Jay Powell, hinted at a potential slowdown in interest rate hikes.
- This suggests a less aggressive approach to combating inflation than recent 0.75 percentage point increases.
Eurozone Inflation Slows
- Eurozone inflation slowed for the first time in 1.5 years, offering some relief.
- Falling energy prices contributed to this slowdown, although core inflation remains at 5%.
Macron and Biden to Discuss Ukraine War's Economic Impact
- French President Emmanuel Macron will discuss the economic impact of the Ukraine war with US President Joe Biden.
- Macron plans to address concerns over high US natural gas prices and the Inflation Reduction Act.