Fed officials schedule a special meeting for Monday to address public access to future FOMC transcripts. (Federal Open Market Committee)Fed officials schedule a special meeting for Monday to address public access to future FOMC transcripts. (Federal Open Market Committee)Davies, Stephen A...
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He said that because the Fed's actions can change economic outcomes, they can also indirectly have significant political consequences. Economic models show that because bond investors have already anticipated at least two or even three rate cuts this year, the exact meeting at which the Fed will ...
This has been in the works for a while and has come out in bits and pieces, but today the Fed made it official in the FOMC meeting minutes: It doesn’t know how far it can take QT without blowing up stuff, but it wants to reduce its balance shee...
My uncles and my dad would always encourage me to get up at 4am or 5am in the morning, just before the dawn. They’d tell me those stories, reminding me to be being watchful, to look out to the sea to see where the clouds are before setting sail. ...
FILE PHOTO: U.S. Treasury Secretary Janet Yellen reacts during a meeting with UK Finance Minister Rachel Reeves in Rio de Janeiro, Brazil, on July 25, 2024. REUTERS/Tita Barros/File Photo By Susan Heavey and David Lawder WASHINGTON (Reuters) - U.S....
There will be more opportunities for euphoria – do not underestimate the power of pent-up demand to trigger bursts of positive data. There is a portion of the population who are not credit constrained, biding their time for the perfect moment to buy a new car or schedule a vacation. Indee...
However, she called me back a week later with a gracious proposal: She offered to give me a bit of a discount, so we agreed on a number that worked for both of us and I asked her to let me know her schedule so that I could book an appointment. Over a month passed and I never...
which is a little bit easier with Lail Brainard out the door. But when you saw the latest dot plot come out of the March meeting, the terminal rate at the end of 2024 had risen from 4.1 % the last time they put the dot plot together to 4.3 %. And I said to myself, Well, isn...
At the Fed's July 30-31 meeting, the policy makers are expected to maintain the policy rate at 5.25%-5.5%, but they may set the table to lower rates in light of renewed progress on easing price pressures. After July, the Fed's next policy meeting is in mid-September. ...