The Federal Reserve raised the benchmark federal funds rate by 75 basis points following the September Federal Open Market Committee (FOMC) policy meeting. This lifted the target rate to a range of 3% to 3.25%, the highest level since 2008. According to the FOMC’s dot-plot, here is what the path to future interest rates look […]
Federal Reserve
Reminder: Market is anticipating a 75-bps rate hike at September FOMC meeting
After the disappointing August consumer price index (CPI) reports, the financial markets tanked as everyone started freaking out about a potential full-point increase in interest rates at this month’s Federal Open Market Committee (FOMC) policy meeting. While it is likely the central bank will continue to hike rates and maintain its tightening campaign, the market […]
Jerome Powell sends markets lower as Fed Chair reiterates higher-for-longer interest rates
The U.S. financial markets are not happy with Federal Reserve Chair Jerome Powell. For whatever reason, they are hoping that the central bank will tergiversate and turn dovish on monetary policy. But Powell insists that its tightening campaign will persist to ensure inflation is stopped in its tracks. He uttered the same sentiment in a […]
Brace yourselves, higher interest rates are here to stay, Fed’s Lael Brainard warns
Brace yourselves, high interest rates are here to stay – for now. This was the message Federal Reserve Vice Chair Lael Brainard had for the United States economy. Speaking at an event in New York, Jerome Powell’s likely successor purported that inflation is hurting low-income Americans the most (though Paul Krugman claimed that inflation only […]
Who’s afraid of Jerome Powell?
By: Andrew Moran Who’s afraid of Federal Reserve Chair Jerome Powell? Following his Jackson Hole Economic Symposium speech on Aug. 26, seemingly everyone is spooked by the man, the myth, and the legend of crisis-era monetary policymaking. The bulls were ultra-confident that the head of the world’s most powerful institution had their backs. As soon as the […]