February 12, 2024
Economists Haven’t Been So Critical of Tight Fed Since 2010
Economists are starting to think the Federal Reserve is keeping money a little too tight.
That’s the takeaway from results of a National Association for Business Economics poll published Monday, which showed 21% of respondents considered the US central bank’s current monetary policy stance to be “too restrictive” — the most since mid-2010.
European Stocks Push Higher on Coattails of S&P: Markets Wrap
Traders paused for breath after optimism about eventual Federal Reserve interest-rate cuts and easing inflation pushed the S&P 500 to a new record.
The rally in Big Tech that lifted the S&P 500 above 5,000 for the first time on Friday looked set to extend, as Amazon.com Inc. Nvidia Corp. and Tesla Inc. ticked higher in premarket trading. Moves beyond those standouts were muted, in S&P 500 and Nasdaq 100 futures trading as well as for US Treasuries and the dollar.
India’s Inflation at Three-Month Low Gives RBI Some Respite
India’s inflation eased to a three-month low in January as food prices moderated, providing some relief to rate-setters nervous about price shocks spilling over to other segments of the economy.
The consumer price index rose 5.10% last month from a year earlier, statistics ministry data showed Monday. That’s almost in line with the 5.0% median estimate in a Bloomberg survey of economists and compares with a 5.69% print in December.
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