- Story Log
User | Time | Action Performed |
---|---|---|
-
Fed's Powell: Without price stability, the economy doesn't work
FED'S POWELL: WITHOUT PRICE STABILITY, THE ECONOMY DOESN'T WORK.
— Breaking Market News (@financialjuice) November 1, 2023
-
#FED POWELL: FULL EFFECTS OF TIGHTENING YET TO BE FELT - BBG
— Christophe Barraud (@C_Barraud) November 1, 2023
*POWELL: STANCE OF POLICY IS RESTRICTIVE
*POWELL: GIVEN HOW FAR WE'VE COME, FOMC PROCEEDING CAREFULLY
-
*Powell: Fed Strongly Committed To Bringing Down Inflation to 2% Goal
— zerohedge (@zerohedge) November 1, 2023
-
FED'S POWELL: THE LABOR MARKET REMAINS TIGHT.
— Breaking Market News (@financialjuice) November 1, 2023
-
FED'S POWELL: INFLATION HAS MODERATED SINCE MIDDLE OF LAST YEAR.
— Breaking Market News (@financialjuice) November 1, 2023
- Comments
- Subscribe
-
- Older Stories
Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter financial and 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 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 post: The Fed held rates steady as expected The FOMC statement made minimal changes 1) It describes Q3 economic activity as “strong” 2) In light of higher Treasury yields, it adds the word “financial” to the description of “tighter credit conditions” that should weigh on growth pic.twitter.com/YtazDHQYIu post: FED REPEATS IT WILL ASSESS EXTENT OF ADDITIONAL POLICY FIRMINGFed holds rates steady, upgrades assessment of economic growth The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor market and inflation that is still well above the central bank’s target. In a widely expected move, the Fed’s rate-setting group unanimously agreed to hold the key federal funds rate in a target range between 5.25%-5.5%, where it has been since July. This was the second consecutive meeting that the Federal Open Market Committee chose to hold, following a string of 11 rate hikes, including four in 2023. The decision included an upgrade to the committee’s general assessment of the economy. The post-meeting statement indicated that “economic activity expanded at a strong pace in the third quarter,” compared to the September statement that said the economy had expanded at a “solid pace.” The statement also noted that employment gains “have moderated since earlier in the year but remain strong.” Gross domestic product expanded at a 4.9% annualized rate in the quarter, stronger than even elevated expectations. Nonfarm payroll growth totaled 336,000 in September, well ahead of the Wall Street outlook. There were few other changes to the statement, other than a notation that both financial and credit conditions had tightened. The addition of “fin
Euro is on the defensive into the November open with EUR/USD threatening a break of October uptrend. The battle lines are drawn ahead of today’s Fed interest rate decision with ...
-
- Newer Stories
post: FED'S POWELL: RESTRICTIVE STANCE OF POLICY IS PUTTING DOWNWARD PRESSURE ON INFLATION. post: FED'S POWELL: WE ARE COMMITTED TO ACHIEVING A SUFFICIENTLY RESTRICTIVE STANCE. post: Powell: We will continue to make our decisions meeting-by-meeting pic.twitter.com/DCDPO9TrAd post: Powell: We’re Not Confident Policy is Sufficiently Restrictive post: POWELL: WE ARE ATTENTIVE TO INCREASE IN LONGER TERM YIELDS
post: Fed’s Powell: Not Confident We've Reached Stance For 2% Inflation post: FED'S POWELL: TIGHTER FINANCIAL CONDITIONS FROM HIGHER LONG TERM RATES, STRONGER DOLLAR, LOWER STOCKS COULD MATTER FOR FUTURE RATE CONDITIONS. post: POWELL: EVIDENCE OF ABOVE-POTENTIAL GDP COULD WARRANT HIKE post: FED'S POWELL: WE HAVE NOT MADE ANY DECISIONS ON FUTURE MEETINGS. post: FED'S POWELL: THE IDEA THAT IT WOULD BE DIFFICULT TO RAISE AGAIN AFTER PAUSING IS NOT RIGHT.
post: POWELL: FED STAFF DID NOT PUT RECESSION BACK INTO THEIR FORECAST AT THIS MEETING post: POWELL: TOUGH TO TRANSLATE HOW MANY RATE HIKES THE TIGHTER FINANCIAL CONDITIONS TRANSLATE TO #News #Markets #POWELL #live post: POWELL: SEE EFFECTS OF HIGHER RATES ON HOUSING MARKET, SURVEYS ON DURABLES BUYING post: Powell: We’re Not Thinking About Rate Cuts Right Now at All post: FED'S POWELL: THE NEXT QUESTION WILL BE HOW LONG TO KEEP POLICY RESTRICTIVE.
- Story Stats
- Posted: Nov 1, 2023 2:31pm
- Submitted by:Category: High Impact Breaking NewsComments: 0 / Views: 4,753
- Linked event: