“We’ll be looking at inflation and we will be asking ourselves, does this whole collection of data, do we assess it as suggesting that we need to raise rates further,” said the Fed Chair. Powell in his post-meeting statements said that he and his colleagues are “looking at the broader picture” such as moderate growth and a coming into balance throughout the economy of supply and demand, with special focus on the labor market. When policymakers meet again on 19-20 September, there’s an over 90 percent chance that they will vote against another rate hike, at least for now, according to financial markets based on data from the CME FedWatch tool. That was the 11th increase out of the past 12 meetings, the Fed had skipped a rate hike in June. What does that mean for the next Fed meeting? joins with more: /I7EwVAI9Lf- Squawk Box AugWill the Fed raise interest rates in September? This is what the experts sayĪt the last FOMC meeting held in July, policymakers raised interest rates by just 25 basis points. Still, the US central bank hasn’t discounted more potential increases before the end of the year, nor do experts foresee the Fed cutting rates any time soon either.Ītlanta Fed President Raphael Bostic stated earlier today from South Africa that interest rates are at a sufficient level and policy is suitably tight to reduce inflation to 2 percent. However, recent economic data has led investors to predict that there won’t be an interest rate hike when the Federal Open Market Committee (FOMC) meets in September. Price increases have slowed considerably since peaking in June 2022 but have yet to return to the central bank’s target of two percent and some parts of the economy remain overheated. ![]() In less than a year and a half, the Fed has jacked interest rates 525 basis points as it has worked to bring the highest inflation since the 1980s to heel. Interest rates are now at their highest level in 22 years after the most aggressive rate hikes in four decades, but an end to policymakers increasing borrowing costs could be in sight. ![]() At first one goes fast, but as you approach the end of the trip you slow down. Federal Reserve Chair Jerome Powell compared the US central bank’s policy on raising interest rates to driving a car towards its destination.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |