United States:
Bullard Says ‘Faster Is Better’ for Fed in Rate-Hike Strategy
“Federal Reserve Bank of St. Louis President James Bullard said U.S. monetary policy needs to be tightened quickly to stop putting upward pressure on inflation that is already too high, reiterating his call for interest rates to rise above 3% this year. “The Fed needs to move aggressively to keep inflation under control,” Bullard said in an interview Tuesday on Bloomberg Television with Michael McKee.”
Europe:
More Than 80% of U.K. Factories are Planning to Increase Prices
“More U.K. factories are planning to raise prices than at any point since at least 1975, a regular survey by the Confederation of British Industry found. Four in five manufacturers expect to increase prices in the next three months, the highest reading since the business lobby began asking the question 47 years ago.”
Asia:
China to Push Back Monetary Easing to Next Quarter, Survey Shows
“Economists pushed back their expectations of another cut in China’s reserve requirement ratio to next quarter, with the government so far stopping short of giving a clear signal of a near-term policy move. Only nine of the 21 economists surveyed by Bloomberg expect a cut in the ratio — or the amount of cash banks have to hold in reserve — to happen in March.”
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