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Fed's Powell: Getting back to 2% has a long way to go
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FED'S POWELL: LABOR DEMAND IS STILL SUBSTANTIALLY EXCEEDING SUPPLY.
— Breaking Market News (@financialjuice) July 26, 2023
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POWELL: THIS WILL LIKELY REQUIRE A PERIOD OF BELOW TREND GROWTH AND SOME LABOR MARKET SOFTENING
— *Walter Bloomberg (@DeItaone) July 26, 2023
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Fed’s Powell: We Haven’t Made Any Decisions About Any Future Meetings
— *seven (@sevenloI) July 26, 2023
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Fed’s Powell: June CPI Was Welcome but Was Only One Month’s Report
— *seven (@sevenloI) July 26, 2023
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post: FED'S POWELL: THE FOMC IS TO TAKE A DATA-DEPENDENT APPROACH ON FUTURE HIKES. post: FED'S POWELL: THE FULL EFFECTS OF TIGHTENING ARE YET TO BE FELT. post: POWELL: HOUSING SECTOR PICKED UP BUT WELL BELOW 2022 LEVELS post: FED'S POWELL: GROWTH IN CONSUMER SPENDING HAS SLOWED FROM EARLIER IN THE YEAR. post: FED'S POWELL: THERE IS CONTINUING SIGNS OF LABOR SUPPLY AND DEMAND COMING INTO BETTER BALANCE.
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, ...
Recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 5-1/4 to 5-1/2 percent. The Committee will continue to assess additional information and its implications for monetary policy. In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans. The Committee is strongly committed to returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee will continue to post: Fed Hikes by 25bps to 5.50% Est. 5.50% post: FOMC STATEMENT COMPARE pic.twitter.com/ufm8N0cjOr post: FOMC: Voted 11-0 For Fed Funds Rate Action FOMC: Economic Activity Has Been Expanding At a Moderate Pace FOMC: Job Gains Have Been Robust in Recent Months, Unemployment Rate Has Remained Low FOMC Will Continue to Assess Additional Information, Implications for Monetary Policy… post: ?*FED WILL CONTINUE SAME PACE OF REDUCING TREASURY, MBS HOLDINGS *FED REPEATS WILL TAKE CUMULATIVE TIGHTENING, LAGS INTO ACCOUNT *FED: INFLATION ELEVATED, HIGHLY ATTENTIVE TO INFLATION RISKS *FED REPEATS TIGHTER CREDIT LIKELY TO WEIGH ON ACTIVITY
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post: Fed’s Powell: We Believe MonPol’s Restrictive post: FED'S POWELL Q&A: 'CERTAINLY POSSIBLE WILL RAISE RATES AGAIN AT SEPTEMBER MEETING' AND ALSO POSSIBLE WILL HOLD STEADY; A LOT MORE DATA BEFORE SEPTEMBER ' #FOMC #FederalReserve #Powell post: FED'S POWELL: AT MARGIN, STRONGER GROWTH COULD LEAD TO MORE INFLATION. post: FED'S POWELL: WE'RE GOING TO BE CAREFUL ABOUT TAKING TOO MUCH SIGNAL FROM ONE SINGLE READING ON INFLATION. post: POWELL: CORE INFLATION IS STILL PRETTY ELEVATED
post: Fed’s Powell: We’re Going to Need to Hold Policy at Restrictive Levels for Some Time post: FED'S POWELL: SOME SOFTENING IN LABOR CONDITIONS IS STILL THE LIKELY OUTCOME. post: Fed’s Powell: Don’t Believe Policy Has Been Restrictive Enough for Long Enough to Bring Inflation to Target post: FED'S POWELL: WE ARE NOT TAKING MOVING AT CONSECUTIVE MEETINGS OFF THE TABLE. post: FED'S POWELL Q&A: SLOWING PACE DOESN'T NECESSARILY MEAN RAISING RATES ONLY EVERY OTHER MEETING; COULD MEAN TWO OUT OF THREE MEETINGS; DATA DEPENDENT #FOMC #FederalReserve #Powell
post: POWELL: INFLATION HAS PROVEN MORE RESILIENT THAN EXPECTED post: Powell: "We can afford to be a little patient, as well as resolute, as we let this unfold" Real rates are restrictive & in "meaningfully positive territory" Powell suggests substracting a "mainstream estimate" of near-term inflation expectations to judge the real fed-funds rate post: Fed’s Powell: Don’t Think There Will Be Cuts This Year post: Powell: The Fed staff is no longer forecasting a recession. post: POWELL: WOULD STOP RAISING BEFORE GETTING TO 2% INFLATION
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- Posted: Jul 26, 2023 2:34pm
- Submitted by:Category: High Impact Breaking NewsComments: 0 / Views: 5,512
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