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The VRT appoints a Dutch professor as an external mediator to restore trust between staff and management. The public broadcaster reports this.
VRT CEO Frederik Delaplace had proposed to the unions at the end of March to appoint an “external bridge builder” to restore trust. That trust had taken a serious hit, partly due to the fuss surrounding whether or not to broadcast ‘The process that nobody wanted’, the documentary about Bart De Pauw.
Today, the VRT and the unions agreed to appoint such a mediator, the public broadcaster reports. It will be the Dutch professor Rob van Eijbergen from the Netherlands. “He is a mediator, organizational consultant, and professor of organizational integrity at the University of Humanistic Studies in Utrecht,” says VRT spokesperson Bob Vermeir.
“He supervises research into the integrity of organizations. He is also a much sought-after expert in the Dutch media to comment on integrity issues in companies and organizations. Rob van Eijbergen is expected to start his assignment at VRT soon. Trade unions and management believe in a strong public broadcaster that makes a difference in our society every day,” it said.
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VRT appoints an external mediator “to restore trust between staff and management”
Inflation Stays Elevated in March Despite Fed’s Close Watch on Key Barometer
The Ongoing Battle with Inflation
A Deep Dive into the Latest Inflation Report
The recent release of the inflation report for March shows that the cost of living in the United States remained high, indicating that price pressures are not easing up yet. According to reports from the Commerce Department, Personal Consumption Expenditures (PCE) – a key measure monitored by the Federal Reserve – showed that prices increased by 2.8% year on year (YoY), which is no different from February’s figures.
However, if we include food and energy figures into PCE’s all-items price gauge figure, it has climbed up to 2.7%, surpassing analysts’ estimates for a rise of only 2.6%. Despite this news, markets have been reacting positively as consumers continue to show strength in spending even with these elevated price levels.
According to these inflation reports for March 2021, personal spending increased by 0.8% on the month while personal income rose by 0.5%. These figures go in line with market expectations despite fears brought about by increasing costs due to supply chain issues caused mainly by ongoing pandemic-induced disruptions across many industries worldwide.
Why Is This Important?
The Fed has been targeting an inflation rate of just over two percent over recent years; however, core PCE has surpassed this target for three years straight thanks in part due largely unfavorable market conditions speeding towards higher-priced items based on current demand patterns set amidst COVID-19 pandemic waves surging throughout various sectors within national economies globally resulting in insurmountable financial losses and continuing uncertainty during ongoing periods caused mainly via pandemic restrictions dissuading consumer confidence and fueling vacancy rates across regions worldwide..
- This continued increase threatens businesses as raw materials become scarce and expensive, leading to a rise in overall costs.
- It also puts consumers at risk as their purchasing power dwindles despite government stimulus packages.
- A high rate of inflation could lead to tighter monetary policies, which may negatively impact economic growth.
The Federal Reserve’s Dilemma
As these costs continue to fluctuate beyond expectations – including the ex-food and energy gauge figure – Fed officials have had a difficult time figuring out what the next move for monetary policy should be. The market has already factored in potential interest rate cuts at 44% probability. Therefore, it seems that policymakers are likely to wait before making any significant changes unless there is substantial data pointing towards a better future.
The issue with inflation targeting by Fed officials is that two years after its initial ascent into historic highs of over forty years, it remains unresolved. With core PCE remaining above the target rate for strategic reasons over recent stretches of time since implementation due mainly based on facing high variability stemming from unpredictable spikes caused via ongoing flux in market prices , monitoring changes within consumer behavior exhibited across various forms including housing costs shows more pressing urgency towards refining policy-related initiatives designed as countermeasures against foreseeable increases in addition toward forecasting potential global economic growth patterns affected by climate change accelerants further fueling uncertainties beyond human control resulting shameful disappointment among many think-tanks and assorted industry analysts alike..
Finding Solutions through Creativity and Innovation
Given this current situation involving rising inflation amid an ongoing pandemic crisis faced globally, it is essential to explore innovative solutions with different approaches—including creative problem-solving methodologies—so all parties involved how can find some relief amidst present financial losses all stemming from actual causes quite often beyond control partially caused via forcing more restriction-based measures implemented in various regions worldwide aimed at controlling surging new variant COVID diagnoses brought about by the sustained pandemic crisis interfering economic growth.
“In every problem, there lies an opportunity.” – Albert Einstein
Perhaps it is time to look at the market from a different angle and start thinking outside of the box or moving our focus beyond inflation targeting. The need for using technology solely responsible in measuring accurate data analytics gathering mechanisms involving artificial intelligence such as predictive models can help forecast logical supply chain disruptions anticipate global uncertainties highlighted via environmental and human quality factors fueling large-scale changes throughout various sectors negatively impacted. This shift in mindset could bring about some positive change in how policymakers approach monetarism may reduce uncertainty faced introducing proper safeguards before implementing macro-level policy frameworks that directly impact every American citizen alongside other market participants worldwide.
Conclusion
In conclusion, rising inflation rates continue to present real challenges for both businesses and consumers globally, all impacted daily by pandemic-induced depleting circumstances economically forcing sacrifices made across various industries heavily reliant on legacy models no longer capable of resolving issues presented stemming from sustainable climate-based development mainly due current dynamics driving unprecedented levels of uncertainty worldwide including average citizens impacted routinely amidst ongoing change We must adapt to this new reality but take promising steps towards innovative methods promising actionable recommendations for positive future developments by engaging more creatively through problem-solving techniques leveraging on human potential driven towards sustainable societal development.”
“The secret of change is to focus all your energy not on fighting the old but building the new” – Socrates
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Inflation Stays Elevated in March Despite Fed’s Close Watch on Key Barometer
US inflation indicators show signs of stagnation in March, easing market concerns
Sending time2024-04-26 22:43
A 0.3% higher rate compared to the previous month… Financial markets braced for a ‘surprise rebound’ are released
Supermarkets in Chicago, USA
[AFP 연합뉴스 자료사진]
(New York = Yonhap News) Reporter Lee Ji-heon = Inflation indicators considered important by the US central bank, the Federal Reserve, stopped slowing and showed signs of stagnation in March.
The US Commerce Department announced on the 26th (local time) that the core personal consumption expenditure (PCE) price index, excluding energy and food, rose 2.8% in March compared to the same month last year.
It showed the same rate of increase as February (2.8%) and slightly exceeded the expert forecast drawn up by Dow Jones (2.7%).
The representative PCE price index, which includes energy and food, rose 2.7% compared to the same month last year, also exceeding experts’ expectations (2.6%).
Compared to the previous month, both the core index and the representative index rose by 0.3% since February, meeting market expectations.
The PCE price index for January and February was not adjusted from current figures.
In March, personal consumption expenditure increased by 0.8% and personal income increased by 0.5% compared to the previous month.
The market had expected the PCE price index growth rate in March to remain unchanged in the mid to high 2% range, so it was somewhat of a relief that there were no ‘surprise results’.
After the announcement of the PCE price index, the New York stock market index opened strongly, and the yield on 10-year US Treasury bonds was 4.66%, down 2bp (1bp = 0.01% point) from just before the index announcement.
On Wall Street, based on the first quarter gross domestic product (GDP) indicator published the previous day, it was predicted that the price index for January and February could be adjusted upwards or that the price index in March could be higher than expected.
The core PCE price index rate of increase for the first quarter published the previous day was 3.7% (annualized), which was higher than expected, raising concerns about continued inflation.
George Matello, chief investment officer at Key Bank, said, “The PCE inflation report didn’t come out as high as feared,” and added, “There’s still a possibility of an interest rate cut, but it’s not certain.”
“The labor market needs to weaken before the Fed can be confident about cutting interest rates,” he said.
The PCE Price Index is an indicator that measures the prices US residents pay when purchasing goods and services.
The Federal Reserve uses the PCE price index instead of the Consumer Price Index (CPI) as a standard when determining whether monetary policy goals have been achieved.
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2024/04/26 22:43 Sent
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US inflation indicators show signs of stagnation in March, easing market concerns