News about Federal Reserve, rate

#Fed Chair says that after starting #2024 with 3 months of faster-than-expected hikes, it "will take longer than previously expected" for policymakers to become comfortable that inflation will resume the decline towards 2% Read more here 📖 www.zeebiz.com/economy-infra/world-economy/news-fed-leaves-rates-unchanged-flags-lack-of-further-progress-on-inflation-287662 #FOMC…

The April jobs report won't change much for the Fed because • There's another one before their next meeting • They're more focused on inflation data • It's doesn't show "unexpected" weakness But it will certainly help ease fears about reacceleration/overheating

Takeaways from the Powell presser: -There's a high bar right now for the Fed to cut rates, but there's an even higher bar for the Fed to resume rate hikes -He's still expecting inflation to come down, in large part because of the shelter disinflation everyone has expected

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