Fed’s Powell: Economy, Labor Market ‘Still Solid’ But Outlook ‘Highly Uncertain’
– Tariffs May Boost Both Inflation, Unemployment; Give Fed ‘Difficult’ Choices – FOMC May Have to Make ‘Difficult Judgment’ in Balancing Inflation, Job Goals – Fed Chief Refrains from Saying FOMC Is In ‘No Hurry’ By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell said Wednesday the economy and labor market remain “solid” […]
BofA Global Research Fund Manager Survey: Trade War Jitters Sends Global Growth Expectations To Record Low
— Global Recession Largest ‘Tail Risk’ in 15-year Survey History By Vicki Schmelzer NEW YORK (MaceNews) –Trade war jitters sent global growth expectations to a record low in April, according to BofA Global Research’s monthly fund manager survey, released Wednesday. At the same time, “trade war triggering a global recession” was viewed as the biggest […]
Fed Officials Keeping Monetary Policy Sidelined in Face of Tariff War
– Barkin: Economy ‘In Very Dense Fog’; Fed Must Handle With ‘Judgment’ – Kashkari: Bar for Rate Cuts Has Risen Due to Inflation Concerns – Musalem: Bar for Cutting Rates Higher As Both Inflation, Recession Risks Up – Daly: Fed Must ‘Tread Slowly and Tread Carefully” By Steven K. Beckner (MaceNews) – Federal Reserve officials […]
Fed’s Powell: FOMC Must Wait For Greater ‘Clarity’ Before Changing Policy
– Uncertainty High Amid Trump Policy Changes, But Economy Still ‘In A Good Place’ – Fed Doesn’t Need To Be ‘In A Hurry’ to Lower Rates By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell said Friday the Fed has to wait for more “clarity” on the economic effects of the Trump administration’s […]
StL Fed’s Musalem: Must Lean Against Inflation If Expectations Become Unanchored
– May Have To Leave Rates Unchanged Longer Or Hike Rates If Inflation Worsens By Steven K. Beckner (MaceNews) – Although downside risks to the labor market have increased, so have upside risks to inflation and inflation expectations, and such a combination could create a difficult monetary policy dilemma, St. Louis Federal Reserve Bank President […]
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 […]
Richmond Fed’s Barkin Wants To ‘Wait and See’ How Economy Evolves
– Keep Monetary Policy ‘Modestly Restrictive’ Til Confident Inflation Headed to 2% By Steven K. Beckner (MaceNews) – Richmond Federal Reserve Bank President Thomas Barkin warned Tuesday against a premature resumption of interest rate reductions in the current climate of continued excessive inflation and great uncertainty. Barkin said he favors keeping monetary policy “modestly restrictive” […]
St Louis Fed’s Musalem Warns of Upside Risks to Inflation, Inflation Expectations
– FOMC Voter Says Policy Must Stay Restrictive Until Sure Inflation Headed To 2% By Steven K. Beckner (MaceNews) – St. Louis Federal Reserve Bank President Alberto Musalem said Thursday that the risk of inflation worsening is greater than the risk of labor markets deteriorating, as he advocated a continued “restrictive” monetary policy stance. Musalem, […]
BofA Global Research Fund Manager Survey: Investors Embrace Upbeat World Growth Outlook
–Cash Levels Lowest Since 2010 By Vicki Schmelzer NEW YORK (MaceNews) – Global investors embraced an upbeat world growth outlook in February, as evidenced by the lowest cash level holdings since 2010, according to BofA Global Research’s monthly fund manager survey, released Tuesday. Eighty-two percent of those polled this month said a global recession was […]