News about Interest Rates

Fed Chair Jay Powell’s approach to cutting interest rates based on forecasts that inflation will continue moving lower could be summed up by the phrase “Trust, but verify.” He used the word “confident” or “confidence” 20 times at a press conference www.wsj.com/economy/central-banking/stung-by-past-mistakes-a-wary-fed-takes-its-time-e361a364?st=57v57wvnlafntfi

Powell: "If you look back in five or ten years and try to pull out the significant to the U.S. economy of one 25-basis-point cut, you have quite a job on your hands."

This table, from @NickTimiraos, is notable for several reasons, including the wide (0-100 bps) forecasts for #FederalReserve interest rate reductions in the context of universal agreement that the first cut, if we get one, would not come until September at the earliest. #economy pic.twitter.com/pW9mtKeaUC

FOMC MEDIAN FORECAST SHOWS 25 BPS RATE CUTS IN '24 VS 75 BPS FOMC MEDIAN FORECAST SHOWS 100 BPS RATE CUTS IN '25 VS 75 BPS FOMC MEDIAN 2024 CORE PCE INFLATION EST. UP TO 2.8% VS. 2.6% FED: INFLATION MADE MODEST FURTHER PROGRESS IN RECENT MONTHS