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  • Fed Chair Jerome Powell says current monetary policy stance ‘likely to remain appropriate’

    From cnbc.com

    video Federal Reserve Chairman Jerome Powell indicated that future rate cuts are unlikely so long as conditions remain around where they are now. Speaking shortly after the central bank approved a quarter-point reduction Wednesday, Powell indicated that the “mid-cycle” adjustment he has been talking about for the past five months is likely at an end. “We see the current stance of monetary policy as likely to remain appropriate as long as incoming information about the state of the economy remains broadly consistent with our outlook,” he told reporters at his post-meeting news conference. The Federal Open ... (full story)

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  • Post #1
  • Quote
  • Oct 30, 2019 3:05pm Oct 30, 2019 3:05pm
  •  Fader123
  • Joined Feb 2016 | Status: Member | 47 Comments
This is all because of China and US at the moment.
  • Post #2
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  • Oct 30, 2019 3:12pm Oct 30, 2019 3:12pm
  •  kuldeep4350
  • | Joined Aug 2016 | Status: Member | 115 Comments
too much dovish today
  • Post #3
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  • Oct 30, 2019 3:47pm Oct 30, 2019 3:47pm
  •  foto
  • Joined Jan 2007 | Status: Member | 1,207 Comments
Bout all I got out of this sleeper (yes i fell asleep in middle) is Fed is firmly on path returning to prior role of following markets. They believe monetary policy is consistent with current projections.
Fed remains out of QE mode and out of forward guidance mode.
Data dependent first and foremost will determine future conduct.
  • Post #4
  • Quote
  • Oct 30, 2019 4:10pm Oct 30, 2019 4:10pm
  •  RichAlex
  • | Joined Sep 2019 | Status: Member | 6 Comments
It's dumb that we have to be listening to the government and the Fed so closely. However, IMO a significant statement:

"Before returning to rate hikes, he said he would need to see a “really significant” rise in inflation."
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    Fed Powell: Material reassessment of outlook would spur policy change

    From @FXstreetNews|Oct 30, 2019|2 comments

    tweet at 2:50pm: #Fed Powell: Material reassessment of outlook would spur policy change #Forex #Trading tweet at 2:53pm: Fed Chair Powell: - Significant rise in inflation would be needed before hiking rates $SPX $DXY tweet at 2:53pm: Fed Chair Powell: - We expect bill purchases to continue into Q2 of next year $SPX $DXYPowell speech: No evidence that business investment will weaken further Following the Federal Open Market Committee's (FOMC) decision to lower the federal funds target rate by 25 basis points to 1.5% - 1.75% range, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press, with key quotes, via Reuters, found below. "The Fed does not see any evidence that business investment will weaken further." "The Fed now sees the effects of more accommodative monetary policy more clearly." "The Fed's monetary policy framework review will be done every few years." "It seems like there are the makings of a US-China trade deal." "It is likely that the General Motors strike is likely to have subtracted a couple of tenths off GDP this quarter, but will rebound."

    Powell speech: Current stance of monetary policy likely to remain appropriate

    From fxstreet.com|Oct 30, 2019|8 comments

    Following the Federal Open Market Committee's (FOMC) decision to lower the federal funds target rate by 25 basis points to 1.5% - 1.75% range, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is delivering his remarks on the policy outlook, with key quotes, via Reuters, found below. "The Fed is mindful that continued below-target inflation could lead to a slide in expectations." "Weakness in global growth and trade pose ongoing risks." "The Fed's policy adjustments made today will continue to provide significant support to the economy." "The current stance of monetary policy as likely to remain appropriate." tweet at 2:35pm: *POWELL: WE WOULD RESPOND IF OUTLOOK MATERIALLY CHANGES tweet at 2:36pm: Fed’s Powell: Mindful Continue Below Target Infl. Could Cause Slide In Expectations - Weakness In Global Growth, Trade Pose Ongoing Risks tweet at 2:38pm: Fed’s Powell: Risks To Economic Outlook Seem To Have Moved In A 'Positive Direction’Powell speech: Fed is not thinking about raising interest rates right now Following the Federal Open Market Committee's (FOMC) decision to lower the federal funds target rate by 25 basis points to 1.5% - 1.75% range, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press, with key quotes, via Reuters, found below. "We do not see any danger of inflation moving up significantly." "Inflation seems to be settling in below 2%." "The Fed is not thinking about raising interest rates right now." "The current stance of monetary policy will be appropriate as long as the outlook is in keeping with the Fed's expectations."

    FOMC Press Conference October 30, 2019

    From youtube.com/federalreserve|Oct 30, 2019

    •   Newer Stories
    Chile cancels APEC trade summit and COP25 climate gathering as Santiago burns

    From reuters.com|Oct 30, 2019

    Chile withdrew on Wednesday as the host of an APEC summit next month at which the United States and China had been expected to sign a deal to ease trade tensions hurting the ...

    What Happens to the United Kingdom Now?

    From project-syndicate.org|Oct 30, 2019|2 comments

    The United Kingdom’s Brexit psychodrama continues. Although the UK government and the European Union reached a revised withdrawal agreement in mid-October, Prime Minister Boris ...

    Fed Watch: Hawkish cut

    From e-markets.nordea.com|Oct 30, 2019

    The Fed cut its rates for a third consecutive time tonight. The message was overall hawkish compared to the last two meetings, setting a higher bar for further cuts. We though ...

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  • Story Stats
  • Posted: Oct 30, 2019 3:00pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 4  /  Views: 4,399
  • Linked events:
    USD Federal Funds Rate
    USD FOMC Statement
    USD FOMC Press Conference
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    Powell speech: Current stance of monetary policy likely to remain appropriate
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    From reuters.com|Oct 30, 2019|1 comment
    Fed Powell: Material reassessment of outlook would spur policy change
    From @FXstreetNews|Oct 30, 2019|2 comments
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