United States:
Fed’s Daly, Harker Join Calls for Rate Liftoff as Early as March
“Federal Reserve Bank of San Francisco President Mary Daly and her Philadelphia Fed peer Patrick Harker joined the ranks of officials publicly discussing an interest-rate increase as early as March as the central bank seeks to combat the hottest inflation in a generation. “I definitely see rate increases coming, as early as March even, because it really is clear that prices have been uncomfortably high,” Daly told PBS NewsHour in an interview Wednesday evening. “American consumers are feeling the pain.”
Europe:
U.K. Recruiters See Slower Jobs Growth as Omicron Virus Hits
“Britain’s labor market slowed from near record levels of job creation as coronavirus infections surged last month, a survey showed. Job vacancies slipped to the lowest in eight months in December, and demand for permanent staff eased, according to the Recruitment and Employment Confederation and KPMG. A separate report from the British Chambers of Commerce found 79% of companies having difficulty finding people to hire, especially construction and hospitality firms.”
Asia:
Bank of Japan Expected to Stand Pat, Adjusting View of Inflation Risk
“The Bank of Japan is expected to stand pat on policy, but adjust its view of inflation risks for the first time since 2014 to account for the global price spikes pushing other central banks to rein in stimulus. All 48 economists surveyed by Bloomberg see the BOJ keeping its negative interest rate and asset purchases unchanged at the end of next week’s meeting on Tuesday.”
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