Bank

Jerome Powell: Financial markets are showing that they understand the path we are taking

We always strive to make our intentions as clear as possible. We will do everything we can to achieve our dual goals.

Financial conditions have tightened, and rightly so. We want to see a series of declining monthly inflation figures.

We should stay neutral. That would get us to a more normal range, after which no rate hikes would be needed. Neutral is usually a 3 to 3.5% range.

We would like to see a reduction in demand. We would like to see the labor market in better equilibrium. Problems on the supply side are still pushing inflation up.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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