Analysis: FOMC Minutes Suggest Gradual, Cautious Approach To 2024 Rate Cuts
By Steven K. Beckner (MaceNews) – At their final meeting of 2023, Federal Reserve officials reached a consensus that they had likely raised short-term interest rates as high as they needed to go but they were not eager to begin cutting rates as dramatically as many had hoped, minutes of the Dec. 12-13 Federal Open […]
FOMC Minutes Show Minimal Discussion of Future Rate Cuts With Any Future Hikes Data Dependent
WASHINGTON (MaceNews) – The minutes of the December Federal Open Market Committee Wednesday showed the actual discussion of any rate cuts was vanishingly scarce and that any future rate hikes, while the fed funds level was at or near its peak, would be data dependent. The portion of the minutes devoted to the views of […]
US December ISM Manufacturing in Contraction for 14th Straight Month but Production is Stable Amid Weak Demand
–ISM Manufacturing Index 47.4 Vs. 46.7 in November –ISM’s Fiore: Main Index Likely to Rise Above Neutral Line of 50 in March–Fiore: 2023 Ended in Trough but in ‘Very Good Note’ on Positive Outlook –Fiore Sees a Spike in New Orders, Rebound in Inventories in Coming Months –Fiore: Reble Attacks on Ships in Red Sea ‘Not […]