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At its upcoming meeting on June 14-15, the Federal Open Market Committee (FOMC) is expected to retain its aggressive monetary policy tightening agenda.
transitory. while now, in this latest press conference after the fed policy meeting, mr powell was a great pains to admit that actually risks to persistent inflation have increased. persistent inflation have increased. ., ., , increased. inflation may be more persistent increased. inflation may be more persistent and - increased. inflation may be more persistent and that l increased. inflation may be i more persistent and that may increased. inflation may be - more persistent and that may be putting inflation expectations under pressure and that the risk of higher inflation becoming entrenched has increased. it has certainly increased. it has certainly increased. it has certainly increased. i don t think it s high at this moment, but i think it has increased and that s part of the reason behind our move today is to put ourselves in a position to be able to deal with that risk stop and i think we are in a position to deal with at risk. by position to deal with at risk. by doubling ho
looking at markets around the world. asian shares, closed. big bounce in tokyo. wall street stock indexes higher. finishing out october with strong gains. that s a rebound from september s slump. this is because of solid corporate earnings. companies are managing well through this environment. the dow rose nearly 6%, best since march. the s&p 500 and nasdaq gained around 7%. their best months in nearly a year. there s a lot on the calendar this week for investors and corporate earnings, fed policy meeting and the october jobs report comes friday. barclays american ceo jess staley has quit after an investigation into his relationship with disgraced financier jeffrey epstein. the dealings with epstein were