FOMC Holds Funds Rate Steady; Powell Says Rate Cut Getting ‘Closer’
– FOMC Repeats Doesn’t Expect Rate Cut Til ‘Greater Confidence’ Inflation Headed To 2% – Powell: Rate Cut May be ‘On The Table” At Sept FOMC, But Need More Good Data – FOMC Statement More Upbeat About Inflation; Less Upbeat About Jobs By Steven K. Beckner (MaceNews) – The Federal Reserve refrained from cutting interest rates Wednesday but its rate-setting […]
Fed’s Waller: Rate Cuts ‘Getting Closer’ But Need ‘More Evidence’ of Disinflation
– Timing of Rate Cuts Depends on How Favorable Inflation Data Look – More Focused on Risks to Employment Side of Fed Dual Mandate By Steven K. Beckner (MaceNews) – Federal Reserve Governor Christopher Waller said Wednesday he believes the Fed is “getting closer” to cutting short-term interest rates, but said he still wants to […]
Fed’s Powell: FOMC Must Focus on Protecting Jobs – Not Just 2% Inflation
Fed’s Powell sounds more concerned about slowing economy
Fed Governors Reaffirm 2% Inflation Pledge but Diverge on Policy Focus
Fed officials appear to split on policy focus
Host of Fed Officials Voice Go-Slow Approach to Making Monetary Policy Less Restrictive
Fed officials want to see more progress on inflation before rate cuts
BofA Global Research Fund Manager Survey: Investors Largely on Hold in June, Eye Fed Rate Cuts
investors waiting for rate cuts later in year
FOMC Holds Funds Rate Steady; No Rate Cut Til Confident Inflation Headed to 2%
–Fed Officials Project Single 25 BP Rate Cuts in 2024 –Powell Calls CPI ‘Encouraging,’ But Wants More Data To Gain ‘Confidence’ By Steven K. Beckner (MaceNews) – The Federal Reserve’s policy making Federal Open Market Committee again held the federal funds rate steady Wednesday and gave no indication it will be cutting that key money […]
TRANSCRIPT: Fed’s Powell Says Waiting for Better Inflation Data, In Addition to ‘Encouraging’ CPI Report
WASHINGTON (MaceNews) – Federal Reserve Chair Jerome Powell’s bottom line is that more inflation data is needed before any rate cuts regardless of the “dot plot” and regardless of the day’s encouraging Consumer Price Index report. The transcript of his post-FOMC news conference follows: Inflation has eased substantially from a peak of 7% to 2.7% […]
FOMC Stands Pat Hints of More Hawkish Stance; ‘Dot Plot’ Sees One Rate Cut This Year
WASHINGTON (MaceNews) – The Federal Open Market Committee kept the fed funds rate as is again this time around while the “dot plot” projections that accompanied the policy statement contained hints of a slightly more hawkish stance, seeing just one rate cut this year. The statement text, with no dissents, follows: Recent indicators suggest that […]
Fed’s Beige Book Shows Lukewarm Growth, Less Jobs Pressure, Retail and Auto Sales Mostly Flat
WASHINGTON (MaceNews) – The Federal Reserve’s survey of economic activity coast-to-coast Wednesday showed generally lackluster growth but only two districts – Dallas and Boston – with little or no improvement. The survey, prepared for the June 11-12 Federal Open Market by the Dallas Fed found most districts with ‘negligible to modest” job gains, prices increasing […]