"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...
Follow live coverage of the Federal Reserve's June policy meeting today, including the interest rate decision, summary of economic projections, and Chairmain Jerome Powell's speech.
The article presents information on a policy meeting held by the U.S. Federal Reserve officials in June 2015 regarding plans to raise interest rates in late 2015 unless the U.S. economy is disrupted by global events, such as the credit crisis facing Greece and a decline in the Chinese stoc...
The median respondent's projected timing for the first increase in the target range for the federal funds rate moved earlier from the first quarter of 2023 to June 2022, according to the minutes. Fed officials' median interest rate projections released mid-December showed that the central bank ...
Wednesday, 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, FactSet data shows....
"Participants noted that inflation remained much too high and observed that it continued to run well above the committee's longer-run 2 percent objective," showed the minutes of the Federal Open Market Committee's (FOMC) June 14-15 meeting. ...
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...
The FOMC meetings are closed to the public but are recorded and transcribed. The minutes of each meeting are released three weeks after the date of the policy decision. The transcripts are released with a five-year lag.7 Note The FOMC chair typically holds a press conference after four of ...