Monday, August 8, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Economy & Trade

Fed expected to hold the line due to strong US recovery

AFPbyAFP
April 26, 2021, 7:25 pm
in Economy & Trade
Reading Time: 2 mins read
A A
72
SHARES
Share on FacebookShare on TwitterShare on Email

WASHINGTON—The Federal Reserve finally has what it wants and predicted: signs of a US economic recovery that could undo some of the damage done by the COVID-19 pandemic.

But when the central bank’s policy-setting Federal Open Market Committee (FOMC) opens its two-day meeting on Tuesday, analysts do not expect officials to raise rates or otherwise signal any backing away from the easy money policies rolled out to aid the US bounce-back, despite some fears of rising inflation.

“No one is expecting any major policy changes in terms of rates or the Fed’s asset purchases,” Andrew Hunter, senior US economist at Capital Economics, told AFP.

In fact, Fed officials have clearly stated that they will not be spooked by temporary price increases into reacting too quickly and pumping the brakes on stimulus measures.

The government in recent weeks has reported the first signs that COVID-19 vaccines are bringing laid-off workers back to work and ending the suffering of businesses hard-hit by closures meant to stop the contagion.

ADVERTISEMENT

Labor Department  data showed unemployment claims hit the lowest point since the pandemic began, while the economy regained 916,000 jobs in March, pushing the unemployment rate down slightly.

Retail sales surged in March to a level 27.7 percent higher than the pre-pandemic rate a year earlier, while the Institute for Supply Management’s services index hit an all-time high last month and new home sales hit a 15-year high.

Yet even with signs hiring has picked up, more than 17 million people remain out of work and Fed Chair Jerome Powell has warned the economy will not achieve “maximum employment” this year.

“I expect that the Fed will stay resolutely patient in spite of the inflexion in the US data towards stronger growth and more rapid employment gains,” Evercore ISI Vice-Chairman Krishna Guha said.

The Fed moved quickly as the COVID-19 pandemic began in the United States in March of last year, slashing its benchmark lending rate to zero and stepping up asset purchases to inject liquidity into the economy.

The steps, together with trillions of dollars in stimulus spending approved by Congress, have been credited with keeping the world’s largest economy from a worse downturn.

But the central bank’s pledge to keep rates lower for longer has sparked fears the Fed will allow inflation to get out of hand.  

However, Powell and other policymakers have reiterated that while they expect inflation to spike as the economy improves throughout this year, they do not expect the increase to be long-lasting.

Tags: COVID-19 pandemicFederal Open Market CommitteeFederal ReserveUS economic recovery
ADVERTISEMENT
AFP

AFP

Related Posts

Salceda defends Marcos’ medium term fiscal plan

byManila Standard Business
August 7, 2022, 5:25 pm
0
154
Salceda urges Labor, Migrant depts to lift ban on OFW

Albay Rep. Joey Salceda said the House of Representatives' approval of the proposed 2022-2028 Medium-Term Fiscal Framework is a “step...

Read more

Government debt climbed by 14.6% to record P12.8 trillion in end-June

byJulito G. Rada
August 5, 2022, 9:40 pm
0
150
Banaag assumes post as Bright Kindle director

Outstanding government debt climbed by more than P1.6 trillion, or 14.6 percent, in June to hit a record P12.79 trillion...

Read more

Indonesia’s economy grew by 5.4% in Q2

byAFP
August 5, 2022, 9:25 pm
0
164
Banaag assumes post as Bright Kindle director

Jakarta, Indonesia—Indonesia’s economic growth accelerated in the second quarter of 2022 despite global uncertainty, official data showed Friday, thanks to...

Read more

US exports hit record $260.8 billion in June—data

byAFP
August 5, 2022, 9:15 pm
0
153
Banaag assumes post as Bright Kindle director

Washington, United States—American exports set another record in June, narrowing the US trade gap for the third consecutive month, according...

Read more

July inflation hit 45-month high of 6.4%

byJuly Rada
August 5, 2022, 10:59 am
0
194
July inflation hit 45-month high of 6.4%

Inflation in July accelerated to a 45-month high of 6.4 percent from 6.1 percent in June, driven by faster increases...

Read more

PH is Southeast Asia’s 4th  fastest auto market

byOthel V. Campos
August 2, 2022, 6:45 pm
0
198
PH posts second fastest car sales growth in ASEAN

The Philippines was the fourth fastest automotive market in Southeast Asia in the first half of 2022, with sales hitting...

Read more

Stories you may like

  • Zubiri new Senate President, vows to uphold chamber’s independence

    Marcos sees stronger PH-India relations

    5626 shares
    Share 2250 Tweet 1407
  • Showbiz icon Cherie Gil dies at 59

    2568 shares
    Share 1027 Tweet 642
  • Replevin and its common law origins

    1242 shares
    Share 497 Tweet 311
  • Getting into character: How the cast of ‘Maid in Malacañang’ prepared for their roles

    2619 shares
    Share 1048 Tweet 655
  • ES Rodriguez finds another ally in Congress

    1125 shares
    Share 450 Tweet 281

Print Edition

View More

Recent Posts

  • June jobless rate eased to 6%
  • Markets struggle as strong US jobs boost Fed rate hike bets
  • US president welcomes Gaza truce: statement
  • Mexico president urges increased effort to save trapped miners
  • North Korea to convene rubber-stamp parliament in September
  • US Senate adopts sweeping climate and health plan, in major victory for Biden
  • Israel and Islamic Jihad begin ‘fragile’ Gaza truce
  • Sneakers for Makati : AB4.0

Advertisement

Latest News

US Senate adopts sweeping climate and health plan, in major victory for Biden

byAFP
August 8, 2022, 8:30 am
0
145

After 18 months of arduous negotiations and a marathon night of debate, the US Senate on Sunday passed Joe Biden's...

Read more

Israel and Islamic Jihad begin ‘fragile’ Gaza truce

byAFP
August 8, 2022, 8:00 am
0
146
Israel and Islamic Jihad begin ‘fragile’ Gaza truce

Israel and Islamic Jihad militants on Sunday began a precarious Egyptian-brokered truce hoped to end three days of intense conflict...

Read more

Sneakers for Makati : AB4.0

byManila Standard
August 8, 2022, 1:50 am
0
1.1k
Sneakers for Makati : AB4.0

Read more

‘F2F classes to boost recovery’

byManila Standard
August 8, 2022, 1:40 am
0
221
Speaker’s family

BBM: Biz, parents to benefit most with kids’ return to in-person schools President Ferdinand Marcos Jr. said a successful resumption...

Read more

Marcos sets policy for police in visit to Camp Crame

byManila Standard
August 8, 2022, 1:30 am
0
640
Zubiri new Senate President, vows to uphold chamber’s independence

President Ferdinand Marcos Jr. will make his first official visit to Camp Crame, the headquarters of the Philippine National Police,...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App