Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian Resistance sources to Al Mayadeen: Hamas and the factions have officially approved the deal. Trump was notified while he was live on air.
Palestinian Resistance sources to Al Mayadeen: Hamas has agreed to the deal, which will be signed on Thursday in Egypt.
Trump: We are very close to an agreement in the Middle East.
US President Donald Trump: I will most likely go to Egypt.
Russian agency: Russia will conduct a nuclear test if the US does
Al-Nakhalah: We are the rightful owners, and we must fight to retrieve our rights
Al-Nakhalah: The enemy and its allies must know that we can never surrender to their terms and diktats after all the sacrifices made
Al-Nakhalah: The prisoner exchange clause can be completed in the next few days, and thus we will have pulled the [explosion] fuse and removed the enemy's justifications for aggression
Al-Nakhalah: The Resistance has expressed its willingness to negotiate on the basis that there are items that can be dealt with positively, the first of which is the prisoner exchange item
Al-Nakhalah: Trump's plan entails the Palestinian people's declaration of complete surrender to the enemy

US Fed Reserve official says monthly hikes may no longer be needed

  • By Al Mayadeen English
  • Source: Agencies
  • 13 Apr 2023 10:32
  • 2 Shares
2 Min Read

A federal reserve official says the lowered inflation in the country could mean monthly interest hikes could be a thing of the past.

  • x
  • US Fed Reserve official says monthly hikes may no longer be needed
    The New York Stock Exchange on Monday January 24, 2022. (AP)

According to Federal Reserve Bank of San Francisco President Mary Daly, the US central bank may no longer need to hike interest rates on a monthly basis because inflation in the US looks to be moderating.

During a public event, Daly stated that "we don't keep raising interest rates until we get to 2%," alluding to the Fed's long-term inflation objective of 2% vs the current rate of 5%.

Daly's comments came after the latest data showed that consumer prices in the United States cooled for the year to March, rising about 1% less than in February, even as core prices excluding food and energy remained stubbornly higher, indicating mixed results for the central bank's fight against inflation.

Read next: US set for recession next year, economists predict

Related News

Trump hints at visit to Egypt amid ongoing Gaza truce talks

US Air Force worker sentenced for leaking data on dating app

The Consumer Price Index (CPI) increased at a 5% annual pace last month, compared to a 5.1% estimate and a 6% increase in February. March CPI was up 0.1% in March, compared to a 0.2% expectation and 0.4% in February.

Nevertheless, core CPI, which excludes food and energy costs, increased by 5.6% year on year, compared to 5.5% in February. Core CPI increased by 0.4% in March, as expected, compared to 0.5% in February.

"Traders and analysts continue to look for lower shelter costs to start to kick in," economist Greg Michalowski wrote in a post on the ForexLive website, alluding to one of the concerns about increasing inflation.

Rates have risen by 475 basis points in the last 13 months, reaching 5% from 0.25% following the COVID-19 outbreak in March 2020.

While it is too early to predict what the Fed will do at its next rate meeting in May, some analysts are pricing in another 25 basis point raise based on March's reasonably steady employment growth, which was just 100,000 below February's level.

  • United States
  • Federal reserve
  • New York Stock Exchange
  • inflation
  • US inflation

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
The Palestinian resistance and the people of Gaza showed that after combating Israeli aggression for two years, they remain victorious in the face of oppression (Mahdi Rteil/Al Mayadeen English)

Al-Aqsa Flood two years on, a tale of victory

  • Politics
  • 6 Oct 2025

Coverage

All
War on Gaza

Read Next

All
An Israeli armored vehicle moves on a street of a local market during a military raid in the West Bank refugee camp of Balata, Wednesday, October 8, 2025 (AP)
Politics

Israeli settlers kill Palestinian youth near Ramallah amid raids

Russian Foreign Minister Sergey Lavrov speaks during the Moscow format consultations on Afghanistan in Moscow, Russia, Tuesday, Oct. 7, 2025 (AP)
Politics

Iran interested in resuming nuclear talks: Lavrov

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a news conference at the International Monetary Fund (IMF) headquarters in Washington, April 25, 2025 (AP)
Politics

IMF head flags US budget, Europe Defense spending challenges

Prime Minister of Italy Giorgia Meloni addresses the 80th session of the United Nations General Assembly, Wednesday, Sept. 24, 2025, at UN headquarters (AP)
Politics

Meloni faces ICC complaint over Gaza genocide complicity with Israelis

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS