It should be fun to see how Federal Reserve Chair Jerome Powell skirts around the issue of cutting interest rates. Anyway, here is Powell’s post-FOMC press conference:
Federal Reserve
Federal Reserve signals rate cuts in 2024 at final FOMC meeting of 2023
The Federal Reserve left interest rates unchanged at the final FOMC policy meeting of 2023. But the central bank signaled that it will begin slashing interest rates next year. Here is a breakdown of the Summary of Economic Projections (SEP):
Investors betting 56% chance of rate cuts in March 2024
Will the Federal Reserve cut interest rates as early as March 2024? Investors certainly think so. Fed Chair Jerome Powell and his colleagues have insisted that it is premature to discuss cutting rates, arguing that policy needs to be in restrictive territory for longer. But the financial markets don’t believe it for one second. Despite […]
WATCH: Post-FOMC press conference
Federal Reserve Chair Jerome Powell will hold his post-Federal Open Market Committee (FOMC) meeting press conference. You can watch below: https://www.youtube.com/watch?v=wm4McpKTA7Y
Atlanta Fed’s GDPNow model slashed to 1.2% for fourth quarter
Is the party over? Just before the Federal Reserve announced its decision to cut interest rates, the Atlanta Fed Bank updated its GDPNow Model estimate for the fourth quarter. The Atlanta Fed Bank is penciling in 1.2 percent growth, down from the previous estimate of 2.7 percent. Of course, it is still too early now […]