Fed rate hikes won't bring down inflation as long as government spending stays high, paper says

MORNING SQUAWK APAC Tuesday, 30 August 2022 Fed rate hikes won't bring down inflation as long as government spending stays high, paper says A paper released at the same Jackson Hole, Wyoming, summit where Fed Chair Powell spoke suggests that the central bank can't do the job itself. » Read more Asia-Pacific markets rise after sharp falls in previous session Shares in the Asia-Pacific rose on Tuesday after sharp falls to start the week following Fed Chair Jerome Powell's hawkish speech in Jackson Hole. » Read more Jim Cramer says Powell 'means business' on inflation, so avoid money-losing companies Shareholders of money-losing companies should steel themselves for more downside, CNBC's Jim Cramer said Monday. » Read more Worst is yet to come: Economist Stephen Roach says U.S. needs 'miracle' to avoid recession Stephen Roach, known for serving as Morgan Stanley Asia chair, warns the Fed's aggressive tightening policies haven't kicked in yet. » Read more Analyst names the stocks 'at risk of going to $0' and 3 top picks, giving one over 80% upside Stocks burning through cash are about to get hit, says one former Wall Street analyst. He tells investors to avoid "zombie" stocks and identifies stronger bets. » Read more Today's Guest Highlights on CNBC All times in SIN/HK 06:30 Christopher Griffth CEO / Gold Fields Earnings, Gold Outlook 11:00 Shujin Chen Head of China FIG Research / Jefferies China banks 12:40 Arnaud Quemin Regional Director - Middle East / Mercy Corps Food Security in the ME Send to a friend  |  Advertise  |  More newsletters  |  Digital Products  |  Unsubscribe © CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632