Israeli Official: Proposal Includes 'Far-Reaching' Conclusions That Israel Does Not Agree To

post: Fed’s Williams: is Seeing Job Growth Moderate Fed’s Williams: Fed is Looking at Totality of Economic Data Fed’s Williams: Eventually There Will Be Rate Cuts post: FED'S WILLIAMS: THE FED BALANCE SHEET WIND DOWN HAS GONE SMOOTHLY. post: <=USD>:*WILLIAMS: EXPECT GOOD THOUGH SOMEWHAT SLOWER GDP GROWTH IN '24 *WILLIAMS: SEE SIGNS HOUSEHOLDS BEING MORE CAREFUL WITH SPENDING *WILLIAMS: HIGHER GOVT DEBT MEANS SOMEWHAT HIGHER GLOBAL RATES *WILLIAMS: TOO SOON TO SAY HOW AI WILL AFFECT LONG-TERM ECONOMY post: WILLIAMS: NEXT FED MOVE LIKELY TO BE LOWER RATES

post: Fed’s Barkin: Inflation Data This Year “Disapppointing...Job is Not Yet Done” Barkin: Confident That Current Restrictive Level of Rates Can Curb Demand Enough to Bring Inflation to Target Barkin: Data “Whiplash” Confirms Value of Fed Being Deliberate post: FED'S BARKIN: I DON'T SEE THE ECONOMY OVERHEATING, BUT THE FED KNOWS HOW TO RESPOND IF IT DOES.Barkin: Navigating Data Whiplash Thank you for that kind introduction and for having me here today. I thought I would speak about the economy and where it may be headed, and then I look forward to your questions and input. I caution you these are my thoughts alone and not necessarily those of anyone else on the Federal Open Market Committee or in the Federal Reserve System. Contrary to most forecasts, including my own, the economy finished 2023 in a good place. Headline inflation, as measured by the personal consumption expenditures (PCE) price index, dropped all the way to 2.6 percent by year-end. For the final seven months of the year, annualized core PCE came in just under our 2 percent target. At the same time, despite higher interest rates, global conflicts, and banking turmoil, economic growth was healthy at 3.4 percent, and unemployment remained near historic lows. But early 2024 inflation data has been disappointing to those who thought that the inflation fight was behind us. In the last three months, quarter-over-quarter core PCE inflation rose to 3.7 percent annualized. Headline rose to 3.4 percent. That number, fortunately, is nowhere near the 7.1 percent headline inflation we saw in June 2022 but does remind us that the job is not yet done. Demand remains robust. While the headline first quarter GDP number came in lower at 1.6 percent, it was held down by the volatile cate

The April 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and ...

post: FED'S BARKIN: I HEAR STRONGLY FROM BUSINESS CONTACTS THAT THE LABOR MARKET IS NORMALIZING, THOUGH SOME SECTORS THAT FELL BEHIND IN HIRING DURING THE PANDEMIC ARE STILL CATCHING UP. post: FED'S BARKIN: THE METRICS OF WHERE NEUTRAL RATE IS HAVE MOVED UP; BUT FEELS LIKE CURRENT POLICY IS RESTRICTIVE. post: FED'S BARKIN: IT STILL FEELS LIKE THE WEIGHT OF RISKS IS TOWARDS INFLATION. post: FED'S BARKIN: IT TAKES A WHILE TO CORRAL PRICE-SETTERS TO THINK "THEY DON'T HAVE A CHANCE". post: FED'S BARKIN: I TEND TO IMAGINE FED WILL NEED TO TAKE SOME EDGE OFF DEMAND TO FINISH INFLATION FIGHT, THOUGH SOME HELP FROM SUPPLY IS STILL POSSIBLE.