The main event, however, will be the policy-setting Federal Open Market Committee's statement at the conclusion of this meeting, as well as Fed Chair Jerome Powell's 2:30 p.m. ET press conference. Traders will read into Powell's comments to get a sense of where policymakers stand on th...
Today's Fed Meeting The Federal Reserve’s policy-making committee voted to keep the benchmark interest rate steady at the conclusion of their meeting on Wednesday. Officials’ collective forecast for interest rates now implies only one quarter-point cut by the end of 2024, a significant shift ...
The Federal Open Market Committee will not be looked back on positively after the central bank did not push back on market expectations for cuts next year, said Brad Conger, deputy chief investment officer at Hirtle Callaghan & Co. "Today's statement was Powell's golden chance to press back ...
from mortgages to credit cards, after two years of interest rate hikes by the Federal Reserve. With the central bank meeting today, economists and consumers alike have one question on their minds: When will the central bank start cutting rates?
Fed meeting today on Chase-Chemical merger.(Federal Reserve Board, Chase Manhattan Corp., Chemical Banking Corp.)(Brief Article)Fox, Justin
surprised to the upside, some indicators of inflation expectations have risen, and projections for inflation this year have been revised up notably," said Powell. "In response to these developments, the committee decided that a larger increase in the target range was warranted at today's meeting...
Lots of Fed chatter today. Most of it points toward quantitative easing, but with a caveat: In general, we are getting a rehash of already stated views, views that should have pointed in the direction of QE3 at the last meeting. First, San Francisco Fe
“While we did not make any decisions today on this, the general sense of the committee is that it will be appropriate to slow the pace of runoff fairly soon,” Powell said at the Wednesday press conference. “The decision to slow the pace of runoff does not mean that our balance sheet...
We wondered about an interest rate cut in the next committee meeting in March. Jerome Powell: I think it's not likely that this committee will reach that level of confidence in time for the March meeting, which is in seven weeks.
We’re not going to be dismissive about the yield curve, and I think you can tell, on the committee there’s a range of views. There are some who are very focused on the yield curve, others not so much. From my perspective, you watch it carefully, and I think you need to be ...