Fed Officials Keep Speaking Cautiously About Cutting Interest Rates Further
– Cook: More Rate Cuts ‘Likely’ but Size, Timing to Depend on Data – Schmid: “It Remains to Be Seen’ How Much Lower Rates Should Go By Steven K. Beckner (MaceNews) – Federal Reserve policymakers have continued this week to signal caution on further interest rate reductions. When the Fed’s policymaking Federal Open Market Committee […]
Japan Q3 GDP Slows on Capex, Public Works Pullbacks as Expected, Propped Up by Downward Revision to Q2 Growth
–Q3 GDP +0.2% Q/Q, +0.9% Annualized Vs. Median Forecasts of +0.2%, +0.6%–External Demand’s Unexpected Dive Buoyed by Surprisingly Firmer Consumption Despite High Costs, Earthquake, Typhoons–Domestic Demand Pushes Up GDP by 0.6 Point, Net Exports Slashes Growth by 0.4 Point By Max Sato (MaceNews) – Japan’s third quarter economic growth slowed to 0.2% on quarter, on […]
Powell: Fed In No ‘Hurry’ To Keep Cutting Interest Rates
– FOMC Will Proceed ‘Carefully,’ ‘Patiently’ Toward ‘Neutral’ Funds Rate – FOMC May Slow Pace of Easing As It Approaches Neutral Range – Level of Neutrality Uncertain; So Should Move ‘Slowly and Carefully’ By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell declared Thursday that the Fed is in no “hurry” to keep […]
Fed Officials Voice Caution, Patience about Further Funds Rate Cuts
on suggests to me that the risk of inflation ceasing to converge toward 2%, or moving higher, has risen, while the risk of an unwelcome deterioration in the labor market has remained unchanged or possibly fallen.” “Monetary policy is well positioned,” Musalem continued. “Given current economic conditions and the balance of risks, I believe the […]
Fed Officials Voice Caution, Patience about Further Funds Rate Cuts
(MaceNews) – Federal Reserve officials counseled caution in deciding on further interest rate cuts Wednesday, without foreclosing that possibility. St. Louis Federal Reserve Bank President Alberto Musalem said the Fed’s policymaking Federal Open Market Committee should “judiciously and patiently evaluate incoming information in considering further lowering of the policy rate.” Musalem, who will be a […]
FOMC Cuts Funds Rate 25 BP As It ‘Recalibrates’ Policy Rate Closer To ‘Neutral’
– Powell: FOMC Will Move ‘Carefully, Patiently’ To ‘Neutral” Policy Stance By Steven K. Beckner (MaceNews) – The Federal Reserve continued to ease monetary policy Wednesday, albeit more incrementally, even though inflation remains above target amid relatively strong economic conditions, and even though financial markets have become more optimistic about the economy in wake of […]
FOMC Cuts Expected Quarter Point
WASHINGTON (MNI) – The following is the text of the Federal Open Market Committee’s policy statement issued Wednesday: Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has […]
TRANSCRIPT: Fed’s Powell Says ‘No,’ Wouldn’t Leave if Trump Asked
The labor market has cooled from its formerly heated state and remains solid. Inflation has eased substantially from a peak of 7% to 2.1% as of September. We are committed to maintaining our economy’s strength by supporting maximum employment and returning inflation to our 2% goal. Today, the FOMC decided to take another step in […]
Powell: Fed in No Rush To Cut Rates; Will Move Faster Or Slower As Data Dictate …
– Powell Sees No More than 50 Basis Points of Further Cuts by End-2024 By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell said Monday that he and his fellow monetary policymakers will adjust the pace of future interest rate cuts based upon the pace of economic growth, employment and inflation, but are […]
Three Fed Presidents Defend FOMC’s 50 BP Rate Cut; Vague About Future Cuts
– Bostic: Lower Inflation, Bigger Job Risk Justified Big Cut but Must Be ‘Patient’ – Goolsbee Foresees ‘Many More Rate Cuts’; FFR Hundreds of Basis Points Over Neutral – Kashkari: Balance of Risks Has Shifted From Inflation to Unemployment By Steven K. Beckner (MaceNews) – Three Federal Reserve Bank presidents said Monday they are prepared […]