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 Powell: Rate Hike Unlikely; Fed More Apt To Keep Policy ‘Restrictive’ For Longer
Fed’s Powell repeats policy likely to remain restrictive for longer
Fed Officials Continue to Urge Caution, Delay on Cutting Interest Rates
Fed officials urge caution on rate cuts
FOMC Leaves Funds Rate Unchanged; Announces Moderation of QT
– Powell: Will Take Longer To Be Confident Inflation Headed to 2% – Rates Could Go Higher If FOMC Persuaded Not ‘Sufficiently Restrictive” – QT Dialed Back To ‘Smooth’ Balance Sheet Normalization, Not Help Economy By Steven K. Beckner (MaceNews) – The Federal Reserve left short-term interest rates unchanged Wednesday and signaled further delay of […]
TRANSCRIPT: Fed Chair Powell’s News Conference Remarks Rule Out Any Rate Hike and See Any Rate Cuts This Year Dependent on Data
–Don’t See the ‘Stag’ or the ‘Flation’ WASHINGTON (MaceNews) – Federal Reserve Chair Jerome Powell, answering questions in his post-FOMC news conference Wednesday, said he is still confident of more progress against inflation this year, was vague about the possibility of one or more 2024 rates cuts and said he doesn’t understand any fear about […]
FOMC Cites ‘Lack of Progress’ on Inflation; Need More Confidence Before Any Rate Cut
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations that it would hold steady on its policy interest rate while restating that there will be no rate cut until it has greater confidence that the inflation rate is declining toward its target. The FOMC policy statement follows with boldfacing added for emphasis: Recent […]
White House and Other Schedules for Wednesday, May 1
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MAY 1, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, the President will participate […]
White House and Other Schedules for Tuesday, April 30
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, APRIL 30, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President will […]
Williams, Bostic: Fed Should Be in No Rush To Start Cutting Interest Rates
Fed officials in no rush to cut rates