FOMC Holds Funds Rate Steady, Participants Project 50bp of 2025 Rate Cuts
– Powell: ‘Not in Any Hurry to Move,’ ‘Well Positioned to Wait For Clarity’ – SEP Retains December Dots While Forecasting More Inflation, Less GDP Growth – Powell: Slower Pace of Balance Sheet Run-Off Has No Monetary Policy Import By Steven K. Beckner (MaceNews) – Faced with softer economic activity and uncertainty about the outlook […]
FOMC: Standstill Policy Statement Accompanied by Dot Plot Assumptions Still for Two Rate Cuts This Year
WASHINGTON (MaceNews): The Federal Ope Market Committee Wednesday provided no surprises in its latest policy statement and the dot plot of participants still saw two rate cuts this year. The text of the statement follows: Recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at […]
Japan’s Government Keeps Economic Recovery Scenario, Warns of Downside Risks Arising from High Costs of Living, Trump Tariffs
By Max Sato (MaceNews) – Japan’s government maintained its cautiously optimistic assessment for the seventh straight month, saying the economy is expected to stay on a “modest recovery” track, but also warned about downside risks arising from high costs of living hurting consumption and the trade war launched by the Trump administration. In its monthly […]