HOT MOMENTS: Interest Rate Decision After FED Chair Jerome Powell is Speaking Live! Here are All the Key Points to Follow.

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Following the Federal Reserve's decision to keep interest rates steady, Fed Chair Jerome Powell is holding an important press conference.

Here are all the important excerpts from Powell's live broadcast:

(You can access the latest added information by refreshing the page)

  • The economy is in a strong position.
  • The FED made a technical decision to slow down the pace of balance sheet reduction.
  • Surveys indicate that economic uncertainty is increasing.
  • Labor market conditions are solid.
  • Inflation is still a bit high.
  • Time will tell how uncertainty will affect the economic outlook.
  • The unemployment rate was in a narrow range last year.
  • The latest indicators show that consumer spending has slowed down.
  • Inflation has made progress, but it is still above the target.
  • The survey shows that customs duties influence inflation expectations.
  • Some short-term inflation indicators are showing an upward trend.
  • There is a high level of uncertainty regarding new policies and their effects.
  • The FED does not need to rush to change its policy stance.
  • We should focus on separating the signals from the noise.
  • The new government is implementing significant policy changes and the key point is the clear impact.
  • If the economy remains strong, we can maintain the political restrictions for a longer period.
  • If the labor market is weak, we can loosen the policy if necessary.
  • We have seen some signs that tightening in the money market is increasing.
  • The policy is not progressing along a predetermined path.
  • The current focus in the framework review is on labor market dynamics and full employment goals.

According to the FED's dot plot announced together with the interest rate decision:

  • Among the 19 officials, 4 officials state that there will be no interest rate cuts at all in 2025 ( in December, 1),
  • 4 officials indicated that the cumulative interest rate reduction will be 25 basis points in 2025, meaning a 1 interest rate cut will take place in December (.
  • 9 officials believe that the cumulative interest rate cut should be 50 basis points in 2025, meaning 2 interest rate cuts in December ), 10(,
  • 2 officials believe that the cumulative interest rate cut should be 75 basis points in 2025, meaning 3 interest rate cuts in December ).
  • no official believes that the cumulative interest rate cut should be 100 basis points in 2025 ( in December 1) and no official believes that the cumulative interest rate cut should be 125 basis points in 2025 ( in December 1).
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