The Federal Reserve’s goal is to see inflation fall to 2%, at which point, interest rate hikes will be halted completely, even lowered. A review of data from the March 20, 2024 FOMC meeting (link:https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20240320.htm) it appears they ...
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The Federal Reserve cut the target range for the fed funds rate by a jumbo 50bps to 4.75%-5% in September 2024, the first reduction in borrowing costs since March 2020. While the decision to cut rates was anticipated, there was speculation about whether the central bank would choose a more...
Dates to watch Date Report What it tells us Feb. 20 Bank of England Governor Bailey Speaks Gives insight into the central bank’s decision-making process. Canada CPI Tracks the path of inflation. Australia Wage Price Index Measures changes in the price of labour. Feb. 21 FOMC Meeting...
(See Related Articles below.) The Fed stonewalled the media for more than two years in court, during and after the financial crash in 2008, refusing to release the details of its bailouts to Wall Street. After a District Court and Appellate Court decision went against it and it should ...
The second request was denied on the basis of FOIA exemption number 5. Congress defines that exemption as applying to internal government documents. “An example is a letter from one government department to another about a joint decision that has not yet been made. Another example is a...
HKFRS 9 and HKFRS 16 Interest Rate Benchmark Reform - Phase 2 對香港會計準則第 39號、 香港財務報告準則第 4號、 香港財務報告準則第 7號、 香港財務報告準則第 9號及 香港財務報告準則第 16號的修訂 利率基準改革-第二階段 Amendments to HKFRS 16 COVID-19 Related Rent Concessions beyond 30th June...
Last years IRS minimum present value i-rates determine the pension lump sum calculations for those that have benefit commencement dates in 2023. Retire next year post 1/1/2023 and you’re looking at a 20% haircut on the lump sum. Harvey Mush...
At the December meeting, the Fed projected for the first time that it would hike its policy ratesabove 5% and that there would be no rate cuts in 2023. Since then, every single Fed governor to speak on the topic emphasized: No rate cuts in 2023. No way Jose, the markets are...
The market widely expected the Fed’s decision to hold rates steady following a series of rate hikes that culminated in July, 2023, which followed another decision to hold rates steady in June, as the Fed left the door open to resuming rate hikes again if inflation didn't moderate.13 The...