News about Fed

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

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…

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…

Tomorrow's news today... BREAKING: THE FED HOLDS INTEREST RATES AT 5.25-5.50%, CITING FIRMER PRICE PRESSURES AND LOWER CONFIDENCE THAT INFLATION WILL MOVE DOWN TO THEIR 2% TARGET THIS YEAR.