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Formerly TwitterHeather Long
byHeatherLong
Fed Chair Powell summary today:
1) A rate hike is very unlikely
2) His base case is to cut rates later this year, but it’s not a given
3) No sign of stagflation
4) 3% inflation is not acceptable
#Fed #economy pic.twitter.com/s6UwoWoSuz
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Mohamed A. El-Erian
elerianm
Asked about the level of inflation, Federal Reserve Chair Powell responds "3% cannot be in a sentence with satisfactory."
What if 3% turns out to be closer to the equilibrium inflation rate for a US economy (i) going through major structural changes, several of which are…
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Mohamed A. El-Erian
elerianm
Here's the link to the #FederalReserve policy statement.
What I found notable relative to my expectation:
A stronger characterization of the economy.
A larger reduction in the pace of balance sheet reduction.
No hint of why the progress on inflation in the last three months…
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Christophe Barraud🛢🐳
C_Barraud
🇺🇸 #Fed Flags Lack of #Inflation Progress But Signals Hikes Unlikely - Bloomberg
www.bloomberg.com/news/articles/2024-05-01/fed-cites-lack-of-progress-on-inflation-holds-rates-steady?sref=ZVajCYcV pic.twitter.com/2HYADgXiSq
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