Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Wells Fargo sees U.S. 2022 inflation, GDP around 4% - CIO

12/06/2021 | 09:25am EST
FILE PHOTO: A Wells Fargo logo is seen in New York City

LONDON (Reuters) - U.S. inflation and economic growth are likely to come in at around 4% next year, suggesting inflation will remain higher than anticipated, Wells Fargo's Wealth & Investment Management CIO said on Monday.

"We think inflation remains sticker that people expect, around 4%," Darrell Cronk, told the annual Reuters Investment Outlook Summit, referring to the 2022 outlook.

Speaking on the same panel debate, Standard Chartered Bank CIO Steve Brice, said the Federal Reserve was likely to deliver less monetary tightening that currently priced by financial markets.

"We know the markets are pricing around two Fed rate hikes next year, at one point it was nearly three," he said.

"We still only think we're going to see one rate hike and part of that is this dollar reaction function, but also what's going on in China."

(Reporting by Dhara Ranasinghe and Sujata Rao)


© Reuters 2021
Latest news "Economy & Forex"
05:50pAnti-abortion activists rally for 'post-Roe America'
RE
05:41pIntel's $20 billion Ohio factory could become world's largest chip plant
RE
05:37pEuro Lost 0.61% to $1.1346 -- Data Talk
DJ
05:37pThe WSJ Dollar Index Rises 0.31% to 89.46 -- Data Talk
DJ
05:37pDollar Lost 0.45% to 113.68 Yen -- Data Talk
DJ
05:37pSterling Lost 0.91% to $1.3553 -- Data Talk
DJ
05:36pDogecoin Lost 7.89% to $0.144 at 5 p.m. ET -- Data Talk
DJ
05:36pEthereum Lost 15.23% to $2614.44 at 5 p.m. ET -- Data Talk
DJ
05:35pBitcoin Lost 11.36% to $36689.39 at 5 p.m. ET -- Data Talk
DJ
05:29pExplosion kills 13, flattens village in Ghana mining region
RE
Latest news "Economy & Forex"