'Markets be damned!': Fed standing firm on inflation fears

Washington (AFP) – Skittish investors have see-sawed between celebration about the expected US economic recovery and nail-biting over a possible price spiral, but the Federal Reserve is standing firm on keeping interest rates low. In the balance between allowing faster growth — and rising prices — in order to restore some of the more than nine million jobs still missing due to the Covid-19 pandemic, Fed Chair Jerome Powell’s message has been clear: he wants to see more people back to work. Analysts are expecting the Fed’s policy-setting Federal Open Market Committee (FOMC) to maintain its ve…

Read More

HEDGE accordingly