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Fed's Powell: Squarely focused on dual mandate
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FED'S POWELL: WITHOUT PRICE STABILITY WE WON'T HAVE STRONG JOBS MARKET.
— Breaking Market News (@financialjuice) September 20, 2023
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POWELL: GROWTH IN REAL GDP HAS COME IN ABOVE EXPECTATIONS
— *Walter Bloomberg (@DeItaone) September 20, 2023
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PFED'S POWELL: CONSUMER SPENDING PARTICULARLY ROBUST
— *Walter Bloomberg (@DeItaone) September 20, 2023
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FED'S POWELL: THE FED HAS COVERED A LOT OF GROUND, FULL EFFECTS HAVE YET TO BE FELT.
— Breaking Market News (@financialjuice) September 20, 2023
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The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, ...
post: S&P: US RECESSION RISK STILL ELEVATED AMID UNCERTAIN GROWTH PROSPECTS. post: S&P: THE PROBABILITY OF A RECESSION IN THE US STARTING WITHIN NEXT 12 MONTHS HAS MODERATED SINCE BEGINNING OF YEAR BUT REMAINS ELEVATED AT 30%-35%. post: US Recession Risk Still Elevated While the probability of a recession in the US within the next 12 months has fallen since the beginning of the year, it still remains at 30% to 35%, S&P Global Ratings Economics said. Satyam Panday, S&P Global Ratings Chief Economist, US and…
In conjunction with the Federal Open Market Committee (FOMC) meeting held on September 19–20, 2023, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2023 to 2026 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. The longer-run projections represent each participant’s assessment of the value to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence of further shocks to the economy. “Appropriate monetary policy” is defined as the future path of policy that each participant deems most likely to foster outcomes for economic activity and inflation that best satisfy his or her individual interpretation of the statutory mandate to promote maximum employment and price stability post: Fed Projections Imply One More 25-Basis-Point Rate Hike This Year and 50 Bps of Rate Cuts in 2024, Versus 100 Bps of 2024 Cuts in June Projections post: Fed’s Median Rate Forecast End-’23: 5.6% [Prev. 5.6%] Fed’s Median Rate Forecast End-’24: 5.1% [Prev. 4.6%] Fed’s Median Rate Forecast End-’25: 3.9% [Prev. 3.4%] Fed’s Median Rate Forecast End-’26: 2.9% Fed’s Median Rate Forecast Longer-Run: 2.5% [Prev. 2.5%] post: 2024 dots remove 2 rate cuts: median rises from 4.6% to 5.1% How long until the market interprets this as ECB 2.0 and unleashes stagflation trade pic.twitter.com/8gGiSShyyI
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post: POWELL: EXPECT LABOR MARKET REBALANCING TO CONTINUE post: FED'S POWELL: UNEMPLOYMENT RATE AT 3.8% REMAINS LOW. post: POWELL: INFLATION HAS MODERATED SOMEWHAT, EXPECTATIONS APPEAR WELL-ANCHORED post: POWELL: CURRENT STANCE OF POLICY IS RESTRICTIVE
post: Fed’s Powell: ‘Long Way To Go’ In Process Of Reaching 2% Inflation post: POWELL: FOMC DECIDED TO HOLD IN LIGHT OF HOW FAR WE'VE COME post: POWELL: FOMC PREPARED TO RAISE RATES FURTHER IF APPROPRIATE post: POWELL: WE WILL DO EVERYTHING WE CAN TO ACHIEVE GOALS post: POWELL: REDUCING INFLATION IS LIKELY TO REQUIRE A PERIOD OF BELOW TREND GROWTH, SOME SOFTENING OF LABOR CONDITIONS
post: Powell: We’re Not Making a Decision About if Rates Are Sufficiently Restrictive Powell: We Want to See Convincing Evidence We Have Reached Appropriate Level post: ?*POWELL: ECONOMIC ACTIVITY HAS BEEN STRONGER THAN ALL EXPECTED *POWELL: NEED REAL RATES TO STAY POSITIVE `FOR SOME TIME' *POWELL: REAL INTEREST RATES ARE `MEANINGFULLY POSITIVE' NOW post: Powell: We’re Pretty Close to Where We Need to Get Powell: I Wouldn’t Attribute Huge Importance to One Hike post: FED'S POWELL: STRONGER ECONOMIC ACTIVITY IS THE MAIN REASON FOR NEEDING TO DO MORE WITH RATES. post: FED'S POWELL: IN TERMS OF THE NEUTRAL RATE, YOU ONLY KNOW WHEN YOU GET THERE.
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- Posted: Sep 20, 2023 2:31pm
- Submitted by:Category: High Impact Breaking NewsComments: 0 / Views: 4,351
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