Forgot to cut interest rate this year! Get lesson from 1980. Oh, by the way GAS price is increasing... No way to pause rate hike.
Fed minutes: Participants said that inflation in last three months has eased, but they need to see more progress
FED MINUTES: PARTICIPANTS SAID THAT INFLATION IN LAST THREE MONTHS HAS EASED, BUT THEY NEED TO SEE MORE PROGRESS.— Breaking Market News (@financialjuice) February 22, 2023
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Fed minutes: participants stated that the continued tight job market would contribute upward pressure to inflation.— BTBMarkets (@BTBMarkets) February 22, 2023
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Minutes: "Almost all participants observed that slowing the pace of rate increases at the current juncture would allow for appropriate risk management."— zerohedge (@zerohedge) February 22, 2023
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The agenda for this meeting reported that advices of the election of the following members and alternate members of the Federal Open Market Committee for a term beginning January 31, 2023, were received and that these individuals executed their oaths of office. The elected members and alternate members were as follows: John C. Williams, President of the Federal Reserve Bank of New York, with Helen E. Mucciolo, Interim First Vice President of the Federal Reserve Bank of New York, as alternate Patrick Harker, President of the Federal Reserve Bank of Philadelphia, with Thomas I. Barkin, President of the Federal Reserve Bank of Richmond, as alternate Austan D. Goolsbee, President of the Federal Reserve Bank of Chicago, with Loretta J. Mester, President of the Federal Reserve Bank of Cleveland, as alternate Lorie K. Logan, President of the Federal Reserve Bank of Dallas, with Raphael W. Bostic, President of post at 2:00pm: ALMOST ALL FED OFFICIALS BACKED A 25 BPS HIKE AT LAST MEETING FED: `A FEW' OFFICIALS FAVORED OR COULD HAVE BACKED 50 BP HIKE post at 2:01pm: FED MINUTES: SOME PARTICIPANTS PREDICTED AN INCREASE IN THE LIKELIHOOD OF A RECESSION IN 2023. post at 2:03pm: FED MINUTES: PARTICIPANTS EXPRESSED HIGH LEVELS OF UNCERTAINTY ABOUT THE ECONOMY'S, JOB MARKET'S, AND INFLATION OUTLOOKS. post at 2:04pm: Fed minutes: participants stated that the risks to the economic outlook were skewed to the downside.
As per the prior analysis, GBP/USD Price Analysis: Bulls spring to life on backside of bear trend, GBP/USD rallied through a key resistance area on the daily chart and it is now ...
Inflation that is proving increasing stubborn will prompt the Federal Reserve to raise interest rates to an even higher peak level and hold them there through the year, according ...
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post at 2:10pm: RBNZ'S GOVERNOR ORR: THERE ARE EARLY INDICATIONS THAT INFLATION IS SLOWING. post at 2:10pm: RBNZ'S GOVERNOR ORR: HOWEVER, CORE INFLATION IS TOO HIGH, AND EXPECTATIONS ARE TOO HIGH. post at 2:12pm: Rbnz's governor orr: rebuild activity may add to inflationary pressure. post at 2:13pm: RBNZ'S GOVERNOR ORR: MONETARY CONDITIONS NEED TO TIGHTEN FURTHER.
Tl:dr: Fed Minutes appear to argue against what Powell said during the presser on the decoupling of financial conditions from monetary policy: Powell declined to try to talk down ...
Global growth has generally proven more resilient than expected even as central banks have been working overtime, hiking rates at a record clip to try to slow the demand side of ...