Helder Marinho - Profile and Journalist Details

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• New York Fed President Says Inflation Is Still 'Too High,' Work Isn't 'Nearly Done'

  By Helder Marinho Verified| Latin Times@ John Williams, president of the Federal Reserve Bank of New York, said interest rates should be maintained with a "restrictive stance for quite some time" to bring inflation back to the 2% target. "Inflation surged to a 40-year high of just over 7%in June of last year. Since then, we have seen the inflation rate fall to 3 percent," Williams said in prepared remarks for an event Thursday. "This is a significant and welcome decline.

  By Helder Marinho Verified · Latin Times

  Dec. 01, 2023

• Pending Home Sales Fall To Record Low In October

  By Helder Marinho Verified| Latin Times@ Pending sales of homes in the U.S. fell 1.5% in October to the lowest level since the data started being tracked by the National Association of Realtors in 2001. The drop coincides with the period when mortgage rates rose to near 8%, the highest level in more than two decades. The index that follows the number of contracts signed before the closing of a home sale fell to 71.4 in October from 77.3 in September, the NAR said in a statement. The index dropped 8.5% from a year earlier.

  By Helder Marinho Verified · Latin Times

  Dec. 01, 2023

• New York Fed President Says Inflation Is Still 'Too High,' Work Isn't 'Nearly Done'

  By Helder Marinho Verified| Latin Times@ John Williams, president of the Federal Reserve Bank of New York, said interest rates should be maintained with a "restrictive stance for quite some time" to bring inflation back to the 2% target. "Inflation surged to a 40-year high of just over 7%in June of last year. Since then, we have seen the inflation rate fall to 3 percent," Williams said in prepared remarks for an event Thursday. "This is a significant and welcome decline.

  By Helder Marinho Verified · Latin Times

  Dec. 01, 2023

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