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“We’re closer to the neutral rate, which is another reason to be cautious about further moves,” said Fed Chair Jerome Powell.
While there’s a lot of new economic data coming out between now and then, it will probably be relevant for later Fed meetings.
Despite the CPI coming in unexpectedly low, the Federal Reserve needs more convincing that inflation is really getting better.
The latest jobs report is unlikely to change the Fed’s mind when they meet Tuesday and Wednesday.
When the Fed meets next week, they will be more focused on what’s happening here in the United States.
The numbers are sending positive and negative signs, making the future of inflation, and the timing of Fed interest rate cuts, uncertain.
Switzerland may be the first to start rolling back the recent round of rate hikes.
“We want to see strong growth and a strong labor market,” said Federal Reserve Chair Jerome Powell.
The committee that sets interest rates is meeting this week, and the big question is whether — and when — they’ll start cutting.
We asked economists to give us a word of the year for 2023 that summed up the zeitgeist for monetary policy.