

By Lindsay (NYSE:LNN) Dunsmuir
(Reuters) - The Federal Reserve's move to smaller interest rate hike increments will help limit damage to the economy as the U.S. central bank works to bring high inflation down, Richmond Fed President Thomas Barkin said on Friday.
"If you think supply chain improvements and our actions to date are enough to bring inflation down quickly, then our more gradual rate path should limit the harm," Barkin said in prepared remarks for an event in Durham, North Carolina.
The economy maintained a strong pace of job growth in December, government data showed earlier on Friday, with the unemployment rate falling to 3.5%, but a moderation in wage gains heartened investors as the Fed aims to quell the pace of price increases without sparking mass layoffs.
The U.S. central bank, which rapidly raised interest rates in 2022 to combat the highest inflation since the 1980s, is eyeing a stopping point in its current tightening cycle in the spring of this year. Its main policy rate currently sits in a target range of 4.25% to 4.50% and Fed policymakers forecast a peak at around 5.1%.
Minutes of the Fed's last policy meeting in December showed its rate-setters still focused on controlling the pace of price increases amid worries of any "misperception" in financial markets that their resolve to fight inflation was in any way faltering.
Barkin did not provide his individual forecast of where he thinks rates will peak nor his policy preference for the Fed's Jan. 31-Feb. 1 meeting.
But he reiterated the Fed must remain resolute in its commitment to bringing down inflation even as it is prudent to act more cautiously so as not to quash demand too aggressively as well as allow time for the central bank's actions to permeate through the economy. Inflation, as measured by the Fed's preferred gauge, is running at nearly three times the central bank's 2% target.
"It makes sense to steer more deliberately," Barkin said. "Once demand weakens, studies estimate it can take another six to 12 months before those pullbacks quiet the rate of inflation."
EUR/USD
1.0790
-0.0003 (-0.03%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (8)
EUR/USD
1.0790
-0.0003 (-0.03%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (8)
GBP/USD
1.2062
+0.0011 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (2)
USD/JPY
131.87
+0.70 (+0.53%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
AUD/USD
0.6937
+0.0018 (+0.26%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (10)
USD/CAD
1.3408
+0.0012 (+0.09%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (3)
Sell (6)
EUR/JPY
142.28
+0.71 (+0.50%)
Summary
NeutralMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (3)
Sell (3)
EUR/CHF
0.9981
-0.0011 (-0.11%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (6)
Gold Futures
1,889.50
+12.90 (+0.69%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Silver Futures
22.505
+0.100 (+0.45%)
Summary
BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (4)
Sell (4)
Copper Futures
4.0675
+0.0363 (+0.90%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (5)
Sell (1)
Crude Oil WTI Futures
73.55
+0.16 (+0.22%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (8)
Sell (0)
Brent Oil Futures
80.20
+0.26 (+0.33%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Natural Gas Futures
2.444
+0.059 (+2.47%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (10)
US Coffee C Futures
173.63
-4.27 (-2.40%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (4)
Sell (3)
Euro Stoxx 50
4,257.98
+16.86 (+0.40%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (5)
Sell (1)
S&P 500
4,136.48
-43.28 (-1.04%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (8)
Sell (1)
DAX
15,476.43
-32.76 (-0.21%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
FTSE 100
7,901.80
+81.64 (+1.04%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (10)
Sell (0)
Hang Seng
21,217.00
-443.47 (-2.05%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (7)
Sell (1)
US Small Cap 2000
1,985.53
-15.69 (-0.78%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (7)
IBEX 35
9,225.60
-4.10 (-0.04%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (5)
Sell (1)
BASF SE NA O.N.
54.040
+0.200 (+0.37%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
Bayer AG NA
56.68
-0.12 (-0.21%)
Summary
NeutralMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (1)
Sell (4)
Allianz SE VNA O.N.
220.75
-0.95 (-0.43%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
Adidas AG
161.06
+3.14 (+1.99%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Deutsche Lufthansa AG
9.902
+0.009 (+0.09%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
Siemens AG Class N
145.02
+1.30 (+0.90%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (1)
Sell (8)
Deutsche Bank AG
11.530
+0.074 (+0.65%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (4)
Sell (3)
EUR/USD | 1.0790 | ↑ Sell | |||
GBP/USD | 1.2062 | ↑ Buy | |||
USD/JPY | 131.87 | ↑ Buy | |||
AUD/USD | 0.6937 | ↑ Sell | |||
USD/CAD | 1.3408 | Neutral | |||
EUR/JPY | 142.28 | Neutral | |||
EUR/CHF | 0.9981 | ↑ Sell |
Gold | 1,889.50 | ↑ Sell | |||
Silver | 22.505 | Buy | |||
Copper | 4.0675 | ↑ Buy | |||
Crude Oil WTI | 73.55 | ↑ Buy | |||
Brent Oil | 80.20 | ↑ Buy | |||
Natural Gas | 2.444 | ↑ Sell | |||
US Coffee C | 173.63 | Buy |
Euro Stoxx 50 | 4,257.98 | ↑ Buy | |||
S&P 500 | 4,136.48 | ↑ Buy | |||
DAX | 15,476.43 | ↑ Buy | |||
FTSE 100 | 7,901.80 | ↑ Buy | |||
Hang Seng | 21,217.00 | ↑ Buy | |||
Small Cap 2000 | 1,985.53 | ↑ Sell | |||
IBEX 35 | 9,225.60 | Neutral |
BASF | 54.040 | ↑ Buy | |||
Bayer | 56.68 | Neutral | |||
Allianz | 220.75 | ↑ Buy | |||
Adidas | 161.06 | ↑ Buy | |||
Lufthansa | 9.902 | ↑ Sell | |||
Siemens AG | 145.02 | ↑ Sell | |||
Deutsche Bank AG | 11.530 | Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,650![]() ![]() (-20 ![]() ![]() |
SJC HCM | 6,640![]() ![]() (0/ -20 ![]() |
SJC Hanoi | 6,640![]() ![]() (0/ -20 ![]() |
SJC Danang | 6,640![]() ![]() (0/ -20 ![]() |
SJC Nhatrang | 6,640![]() ![]() (0/ -20 ![]() |
SJC Cantho | 6,640![]() ![]() (0/ -20 ![]() |
Cập nhật 06-02-2023 13:44:33 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,877.22 | +11.85 | 0.64% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 24.000 | 24.480 |
RON 95-III | 23.140 | 23.600 |
E5 RON 92-II | 22.320 | 22.760 |
DO 0.05S | 22.520 | 22.970 |
DO 0,001S-V | 24.280 | 24.760 |
Dầu hỏa 2-K | 22.570 | 23.020 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $73.73 | +0.02 | 0.03% |
Brent | $80.07 | -0.13 | -0.17% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.270,00 | 23.640,00 |
EUR | 24.669,21 | 26.050,56 |
GBP | 27.543,62 | 28.718,11 |
JPY | 172,56 | 182,68 |
KRW | 16,30 | 19,86 |
Cập nhật lúc 13:39:04 06/02/2023 Xem bảng tỷ giá hối đoái |