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Fed’s Waller: Fed Is Very Aware Of The Risk Of Overtightening
Fed’s Waller: Strong Economy Gives Fed The Flexibility To Move Methodically On Cuts
— LiveSquawk (@LiveSquawk) January 16, 2024
- Timing Of Cuts Will Be Up To Deliberations Of The FOMC
- Fed Is Very Aware Of The Risk Of Overtightening
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FED'S WALLER Q&A/BROOKINGS: REROUTING SHIPPING AWAY FROM RED SEA SHOULDN'T HAVE BIG EFFECT ON INFLATION; JUST ALTERNATE ROUTE #Waller #FederalReserve
— Mace News (@MaceNewsMacro) January 16, 2024
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FED'S WALLER: 4% WAGE GROWTH IS A LITTLE HIGH, BUT NOT BY MUCH.
— FinancialJuice (@financialjuice) January 16, 2024
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The 54th annual gathering of the World Economic Forum begins today in the small Alpine resort town of Davos. The invitation-only meeting brings nearly 2,800 leaders from 120 ...
Thank you, David Wessel, and thank you to Brookings for the opportunity to speak to you today. In the second half of 2023, I gave a series of speeches about the apparent conflict between the strength of economic activity in the third quarter and continued progress toward the Federal Open Market Committee's (FOMC) 2 percent inflation goal.1 I said then that "something's got to give"—either activity needs to moderate, or progress on lowering inflation is going to stop. By late November, the latest economic data left me encouraged that there were signs of moderating economic activity in the fourth quarter, but inflation was still too high. As of today, the data has come in even better. Real gross domestic product (GDP) is expected to have grown between 1 and 2 percent in the fourth quarter, unemployment is still below 4 percent, and core personal consumption expenditure (PCE) inflation has been running close to 2 percent for the last 6 months. For a macroeconomist, this is almost as good as it gets. But will it last? Time will tell whether inflation can be sustained on its recent path and allow us to conclude that we have achieved the FOMC's price-stability goal. Time will tell if this can happen while the labor market still performs above expectations. The data we have received the last few months is allowing the Committee to consider cutting the policy rate in 2024. However, concerns about the sustainability of these data trends requires changes in the path of policy to be carefully calibrated and not rushed. In the end, I am feeling more confident that the economy can continue along its current trajectory. Let me start with the data on economic activity that has brought me to this view, and then I'll talk about the labor market, financial conditions, and inflation. I'll conclude with what I think the implications are from all that for monetary policy. First, economic activity has moderated. Af post: Fed governor Chris Waller: Rate cuts are coming into view but the process should be “carefully calibrated and not rushed.” As long as growth is fine, “I see no reason to move as quickly or cut as rapidly” as the Fed has in past cutting cycles. pic.twitter.com/Noyjq02VeM post: *WALLER: NO REASON TO MOVE AS QUICKLY, CUT AS RAPIDLY AS IN PAST *WALLER: FED CAN CUT `THIS YEAR' IF INFLATION DOESN'T REBOUND *FED'S WALLER: WHEN CUTS BEGIN, SHOULD BE METHODICAL AND CAREFUL post: Fed's Waller: Data In Last Few Months Is Allowing Fed To Consider Cutting Policy Rate In 2024 post: FED'S WALLER: THIS VIEW IS CONSISTENT WITH FED POLICYMAKER PROJECTIONS FOR THREE 25-BPS RATE CUTS IN 2024.
The Federal Reserve won’t deliver the six interest-rate cuts traders are betting on for 2024 unless the US somehow succumbs to a “deep recession,” according to Harvard University ...
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post: American drones hit several Houthi missile sites: US official US may 'take further action' against Houthis: Jake SullivanUS carries out new airstrike against Houthis in Yemen The U.S. has carried out another airstrike targeting a Houthi missile facility in Yemen, according to a U.S. official. Tomahawk missiles were used to strike at the site that housed anti-ship missile cruise missiles being used in the Houthis attacks on commercial shipping in the Red Sea and the Gulf of Aden, the official said. On Thursday night, the U.S. and United Kingdom used Tomahawk missiles and fighter aircraft to strike at nearly 30 Houthi locations associated with the Houthi drone and missile attacks on commercial shipping. The U.S. carried out a second night of retaliatory strikes on Friday night following a Houthi missile attack on a commercial that failed after the missile landed in the ocean.
Federal Reserve Governor Christopher Waller acknowledged Tuesday that interest rate cuts are likely this year, but said the central bank can take its time relaxing monetary ...
post: ECB'S SIMKUS: INTEREST-RATE CUTS MAY BEGIN AROUND THE SUMMER. post: ECB'S SIMKUS: I AM FAR LESS OPTIMISTIC THAN MARKETS ON RATE CUTS.
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- Posted: Jan 16, 2024 11:24am
- Submitted by:Category: High Impact Breaking NewsComments: 0 / Views: 4,504
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