"I think Chair Powell may heed the 'silence is golden' maxim at this week's press conference after its May Fed meeting," he said in a written statement. "He'll likely try to say as little as possible about when he expects the first rate cut to come in order to preserve optionality....
It looks like the Fed has bridged that gap in terms of meeting the market at least three-quarters of the way on what was priced via the dot plot," said Kristen Bitterly, Citi's Global Wealth Head of North America Investment. Looking ahead to Powell's conference, she asked, "is he go...
Fed Releases FOMC Minutes From June 22-23 Meeting
as well as at its following meeting on May 1. Consumers holding out for lower borrowing costs may have to wait until the following month for relief, with about half of economists now penciling in the Fed's June 12 meeting for the first cut in four years...
At the time of the Fed's June 2021 meeting, every Federal Open Market Committee (FOMC) participant and all but one of 35 submissions in the Survey of Professional Forecasters predicted that 2021 inflation would be below 4 percent, but inflation came in at 5.5 percent, according to Powell....
The Fed’s November meeting will take place Nov. 6-7, immediately after Election Day. Former President Donald Trump has called Powell “political” for considering rate cuts that Trump has said could benefit Biden and other Democrats. Powell was first nominated to be Fed chair by Trump, who ...
The Fed’s November meeting will take place Nov. 6-7, immediately after Election Day. Former President Donald Trump has called Powell “political” for considering rate cuts that Trump has said could benefit Biden and other Democrats. Powell was first nominated to be Fed chair by Tru...
Instead, you'll most likely need to wait until the Fed's June 12 meeting to see the first rate cut, according to economists polled by FactSet. "In our view, expectations for rate cuts are, and have been, too aggressive. Our base case does not anticipate rate cuts until closer to...
Aerial view of skyscrapers standing at the Lujiazui Financial District at sunrise on June 8, 2022 in Shanghai, China. This is CNBC's live blog covering Asia-Pacific markets. Hong Kong stocks led gains in Asia-Pacific markets Tuesday ahead of the final U....
Twelve participants at the meeting penciled in the additional hike, while seven opposed it. That put one more in opposition than at the June meeting. Recently confirmed Fed Governor Adriana Kugler was not a voter at the last meeting. The projection for the fed funds rate also moved higher fo...