Still, the Fed’s statement included some language that indicated that its inflation fight remains far from complete. “They wanted to show a bias towards hiking but didn’t want to actually commit to more hikes.” The Fed “is trying to have its cake and eat it too,” said Subadra Rajappa, head of rates strategy at the investment bank Societe Generale. This could lead to slower growth, hiring and inflation, Powell said. Yet he also signaled that the Fed might not need to impose many more increases if more banks were to reduce their lending to conserve cash. The Fed chair also underscored that the central bank remains focused on fighting high inflation, which could require additional rate hikes. “Depositors should assume that their deposits are safe.” “We have the tools to protect depositors when there’s a threat of serious harm to the economy or to the financial system,” Powell said. WASHINGTON (AP) - The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.Īt a news conference, Fed Chair Jerome Powell sought to reassure Americans that it is safe to leave money in their banks, two weeks after a rush of depositors pulled funds from Silicon Valley Bank, which collapsed in the second-biggest bank failure in U.S.
A skill you’ve been honing and refining helps you shine on July 24 as Venus in Cancer and Jupiter in Aries connect.By CHRISTOPHER RUGABER (AP Economics Writer) Supportive business contacts could also enter your sphere. If you're single, this is an aligned time to meet or get serious with someone who feels like a healthy match. If you’re coupled up, your partner might need more of your attention. The Sun enters Leo a few days later on July 22, shining light on similar matters. or conversations about commitment can take place right now. Are you ready to partner up? News related to your S.O. You’re thinking more about your closest one-on-one relationships and commitment. Mercury, the planet of the mind, enters Leo on July 19. Venus, the planet of blessings, enters the same part of your chart, signaling a period of ease in the workplace and perhaps a raise or promotion, too.
You may learn a valuable piece of information that could cause you to shift your priorities. Are you getting enough rest? The Sun and Mercury meet in the sky in Cancer on July 16, delivering a major realization when it comes to your work. You may also be burning the candle at both ends right now. Memories you buried deeply can come up for revision and they can guide you toward a place of healing. Your subconscious mind is activated right now.
Broadly vice horoscope full#
The Full Moon in Capricorn on July 13 is all about rest and release. Mercury enters Cancer on the same day, which can bring news about your job or have you working on a project at work. Finding a healthy outlet to express your anger is important so it doesn’t continue to build up. You may be feuding with some family members or spending extra time at home. Mars, the planet of forward motion and frustration, enters Taurus on July 4. Do yourself a favor and try to shift your reality. If you’re able to recognize self-defeating thoughts, the simple act of naming them can help release you from their grasp. On July 1, you’ll be tasked with just that as Mars in Aries challenges Pluto in Capricorn.
How is it July already, Aquarius? When negative thought patterns take over, it can be hard to switch gears. July 16: Sun in Cancer conjunct Mercury in Cancer.July 1: Mars in Aries square Pluto in Capricorn.
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