All about the Federal Reserve, interest rate decisions, FOMC meetings, Jackson Hole Economic Symposium, speeches, conferences, and minutes.
The latest Federal Open Market Committee (FOMC) meeting has kept the financial markets on edge as the Federal Reserve opted to maintain the federal funds rate at 5.5%. This decision reflects a cautious approach by the Fed amidst an economic landscape marked by persistent inflationary pressures and mixed economic signals. Overview of the Current Economic…
As the Federal Open Market Committee (FOMC) meets today (1800GMT), expectations are set for interest rates to remain at the 23-year peak of 5.25-5.5%. This decision comes amid persistent inflation pressures and a resilient U.S. economy. Here’s what financial markets should watch for: 1. Adjusted Expectations for Rate Cuts Amid Inflation Concerns The persistence of…
The Federal Reserve’s April meeting minutes revealed a persistent unease among Federal Open Market Committee (FOMC) members regarding the stubbornly high inflation rates, casting doubts on the anticipated easing of the policy rates anytime soon. Despite previous easing trends, inflation remains resilient, challenging the Committee’s 2% target. Key Highlights from the FOMC Minutes: Market Implications…
The Federal Reserve, facing the ongoing challenge of high inflation, decided to hold its benchmark interest rate steady during its latest Federal Open Market Committee (FOMC) meeting. The decision was influenced by concerns about persistently high inflation, with Chair Jerome Powell emphasizing the need to be “highly attentive to inflation risks.” Key Highlights Market Reaction…
As the Federal Reserve’s Federal Open Market Committee (FOMC) prepares for its May meeting today (1800GMT) expectations for a major shift in monetary policy have been tempered. At the start of 2024, many economists anticipated that the Fed would begin preparing for potential rate cuts in light of a disinflationary environment. However, inflation has remained…
The U.S. economy’s growth in the first quarter of 2024 was more subdued than expected, marking a slowdown from the robust growth seen in previous quarters. The advance GDP estimate of 1.6% annualized growth released by the Bureau of Economic Analysis (BEA) fell short of economists’ consensus of 2.5%. This deceleration becomes more pronounced when…
The Federal Reserve opted to keep interest rates unchanged, as anticipated. This extends the period of steady rates since last September. The goal is to curb inflation without triggering a recession. While some recent economic signs hinted at a slowdown, inflation remains stubbornly high. Fed Chair Powell reaffirmed plans to cut rates in 2024, but…
