Breitbart Business Digest: The Dot Thickens Ahead of the Fed Announcement
All eyes will be on the dots tomorrow when the Federal Reserve releases its quarterly economic forecasts known as the Summary of Economic Projections, or SEP.
All eyes will be on the dots tomorrow when the Federal Reserve releases its quarterly economic forecasts known as the Summary of Economic Projections, or SEP.
The rise in longer-term inflation expectations are likely to add weight to the argument that the Fed should keep its policy rate at current levels rather than cut later this year.
As the Federal Reserve prepares for its June Federal Open Market Committee (FOMC) meeting, speculation is rife about its next move.
Persistent inflation matches core inflation, suggesting that further progress on bringing down inflation will be hard to come by.
Hammack will replace Loretta Mester, one of the Fed’s most hawkish officials.
During an interview with CNBC Europe on Tuesday, Minneapolis Federal Reserve Bank President Neel Kashkari stated that right now, inflation is going sideways, we need “many more months of positive inflation data” to get one to two rate cuts and government
After three months of rough inflation news, the April data is expected to give Fed officials at bit of a breather.
One of the last holdouts for an early rate cut has conceded that the Fed will likely hold out for longer.
There’s a palpable tension in the air as Wall Street is confronted with the once unthinkable: interest rates may not be at their peak.
The April-May minutes have a much more hawkish tone than the summary of the previous meeting.
Progress on inflation has been very slight, so any rate cuts will have to wait until the Fed has several more months of data on inflation, Waller said.
Powell is working from home while he deals with his second bout of Covid.
In a trend that underscores the intransigence of high inflation in the U.S., the cost of imported goods rose in April for the fourth month in a row, marking the fastest pace of increasing import prices in two years. The
The strength of the housing market suggests that a lack of housing supply, high levels of immigration, and increased demand from remote work may mean interest rates need to go higher to reduce inflation.
The Federal Reserve admitted yesterday that progress on inflation has stalled and that it will take longer for the Fed to achieve the confidence it needs to cut interest rates.
The Fed chair does not see a rate hike coming but he acknowledged that recent setbacks on inflation mean the current rate policy will last for longer than anticipated.
Federal Reserve officials agreed on Wednesday to hold interest rates steady for the sixth consecutive meeting, signaling that it is willing to keep rates at the highest level in more than two decades for longer than previously expected and noting that progress on bringing down inflation has stalled.
The odds of a Fed cut are evaporating amid the blaze of hotter than expected inflation figures.
The PCE index shows that progression on bringing down inflation has stalled.
On Thursday’s broadcast of the Fox News Channel’s “Your World,” Minneapolis Federal Reserve Bank President Neel Kashkari stated that stimulus spending was “a contributor to the high inflation that we’ve seen.” And “the spending on infrastructure, the spending on new chip
Employment grew much more than expected for the third month in a row.
The Atlanta Fed said inflation is falling much more slowly than expected, so the Fed will probably not cut rates until the end of the year.
The potential that the Fed’s next move is up instead of down is arguably the most underpriced risk in the market.
The JOLTS report casts further doubt on the need for a rate cut from the Federal Reserve in the months ahead.
The latest dispatch from the Federal Reserve left the expected path of interest rates over the next year unchanged. Yet it hinted at a potentially tumultuous shift beneath the calm facade, a shift to a higher rate of interest over the long term.
Fed officials now expect it will take slightly higher interest rates to get inflation down to their two percent target and to keep it there.
Fed officials continue to expect three cuts this year while saying they need move evidence inflation is headed lower before they start cutting.
Breitbart economics editor John Carney said Tuesday on Fox Business Network’s “Kudlow” that the latest inflation numbers meant the Federal Reserve could not potentially ease interest rates.
But January’s huge number was revised down from 353,000 to 229,000.
Job openings, hires, and quits all indicate a strong labor market, putting the case for interest rate cuts into doubt.
Raphael Bostic warned on Monday that a premature Fed cut could spark an economic boom that would send inflation higher again.
Breitbart Economics Editor John Carney said Thursday on Fox Business Network’s “Kudlow” that the Biden administration is undermining the Federal Reserve’s attempts to bring down inflation.
Super core inflation exploded higher in January.
Fed Governor Christopher Waller argues that there is no reason to fear that we are sailing into a recession, which is the thing that usually prompts rate cuts from the Fed.
There’s no sign of cooling in the labor market, putting rate cuts into doubt.
The decision of the Fed to start cutting interest rates bears a strong resemblance to the decision to marry. It can be reversed but only with a great deal of awkwardness, some economic difficulty, and often a reputational cost.
The evidence is mounting, as solid and as undeniable as the ground beneath our feet. Inflation is here, it’s real, and it’s time to pay attention.
Inflation, having long since overstayed its welcome, announced on Tuesday that it was just getting comfortable.
The Federal Reserve justifiably received a lot of criticism for its tardy response to the surge of inflation. Now its critics accuse it of being too hesitant to lower interest rates.
Monetary policy may be a dead end. Perhaps it’s time to start looking elsewhere for what is really driving inflation and growth.