- Story Log
User | Time | Action Performed |
---|---|---|
-
FOMC Press Conference September 20, 2023
- Comments
- Subscribe
-
- Older Stories
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
Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have slowed in recent months but remain strong, 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 maintain the target range for the federal funds rate at 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 post: Fed Leaves Rates Unchanged @ 5.5% Est. 5.50% post: FOMC STATMENT COMPARE >>>> pic.twitter.com/8yog93qC8h post: MORE FOMC:NO DISSENTS; SEES 5.1% RATE AT YEAREND; TIGHTER CREDIT LIKELY TO WEIGH ON ECON ACTIVITY, HIRING AND INFLATION #FederalReserve #FOMC post: Fed Repeats Language On 'Extent Of Additional Policy Firming' -Job Gains Slowed In Recent Months But Remain Strong
-
- Newer Stories
post: FED CHAIR POWELL: SQUARELY FOCUSED ON DUAL MANDATE post: FED'S POWELL: WITHOUT PRICE STABILITY WE WON'T HAVE STRONG JOBS MARKET. post: POWELL: GROWTH IN REAL GDP HAS COME IN ABOVE EXPECTATIONS post: PFED'S POWELL: CONSUMER SPENDING PARTICULARLY ROBUST post: FED'S POWELL: THE FED HAS COVERED A LOT OF GROUND, FULL EFFECTS HAVE YET TO BE FELT.
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
- Story Stats
- Posted: Sep 20, 2023 2:29pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,294
- Linked event: