American stock indices rose at the end of trading on Tuesday following statements by representatives of the Federal Reserve System, Report informs via Interfax.
Fed board member Christopher Waller said that further tightening of monetary policy by the US central bank may not be necessary, given clear signs that economic growth is slowing to the extent necessary to fully control inflation.
“I am increasingly confident that there is now a good opportunity to slow the economy and return inflation to 2%,” said one Fed chief. At the same time, Waller noted that, despite the encouraging signs, it is still too early to say definitively that the Fed has ended the cycle of raising interest rates.
Fellow Fed board member Michelle Bowman also said she was “encouraged by early signs of weakening economic activity in the fourth quarter.” But, she added, “inflation is still too high and it is too early to say whether the slowdown will be sustainable.”
The US consumer confidence index increased to 102 points in November, according to a report from the Conference Board research organization, which calculates this indicator. According to the revised data, in October the indicator was at 99.1 points, and not 102.6 points, as previously reported.
