The New York Fed’s Survey of Consumer Expectations shows inflation expectations at a record high.
Bank of England Governor Andrew Bailey has said the MPC will act forcefully if inflationary pressures persist.
The Dallas Fed’s Trimmed Mean PCE inflation rate increased to 4.0% y/y in May, up from 3.58% in April.
Speaking at the ECB Forum on Central Banking, Christine Lagarde said that the ECB will go as far as necessary to ensure that inflation stabilises at their 2% target.
In its 2022 annual economic report, the Bank for International Settlements has said that timely and decisive action by central banks is needed to restore low inflation.
The ECB Forum on Central Banking begins today in Sintra, Portugal.
Fed Governor Christopher J. Waller has said he will support another 75bp rate hike in July if the data justifies it.
The Bank of England’s Monetary Policy Committee increased interest rates by 25bp to 1.25% at their June meeting.
As expected by many, the Federal Reserve raised the target federal funds rate 75bp to 1.5-1.75%.
ECB Governing Council member Peter Kazimir has said the central bank needs to raise rates by 50bp in September.