- The FOMC, the decision-making body of the FED, is noting that geopolitical conflict is currently affecting the domestic economic outlook.
- Fed meetings and official statements address how the Middle East conflict is impacting global energy supplies and inflation.
Mary Daly influences FOMC policy through her views on how geopolitical events affect inflation expectations.
2 reports, 2 independent
Updated Aug 1
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What happened
Mary Daly influences FOMC policy through her views on how geopolitical events affect inflation expectations.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Daly commented on how Middle East conflict could lower oil prices.1 source
Mary Daly's views are influencing FOMC policy regarding geopolitical inflation.1 source
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Part of
Fed meetings and official statements address how the Middle East conflict is impacting global energy supplies and inflation.Also in this story
- The Fed hiked rates by 25 basis points on September 1st, amidst a global energy supply crisis linked to the Middle East.
- The FOMC voted to raise interest rates by 0.25 percentage points, amidst cautious stances and the contribution of Middle East conflict to inflation above the 2% target.
- The Federal Open Market Committee set interest rates for the FED while noting that war has driven up global fuel and food prices.
- Geopolitical tensions in the Middle East, fueled by Iranian missile intercepts, are causing energy supply disruptions and inflation concerns.
The entities involved
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Federal Open Market Committee
committee of the United States Federal Reserve
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran