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Fed keeps key rate near zero, sees inflation as 'transitory'
By Christopher Rugaber
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Formerly Twitter
Mohamed A. El-Erian
elerianm
"Let’s hope the Fed’s inflation confidence isn’t as transitory as it was in 2021."
From the @WSJ editorial. "Jerome Powell Isn’t Too Worried About #Inflation: The Fed Chairman offers a sunny view about prices and the #economy."
#markets #federalreserve #centralbanks #econtwitter
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Mohamed A. El-Erian
elerianm
"If you want to know the trouble with a balanced outlook, ask a tightrope walker."
The opening sentence to James Mackintosh's article in today's @WSJ on the #FederalReserve.
#economy #markets #centralbanks #Fed #econtwitter @jmackin2
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Holger Zschaepitz
Schuldensuehner
Stanley Druckenmiller gives Biden's econ policies an 'F,' blames the Fed for reigniting inflation. Billionaire investors blasted fiscal and monetary authorities, incl Treasury Secretary Yellen & Fed Chair Powell for causing high inflation. Reckless govt spending enabled by Fed is… pic.twitter.com/PgkWUQxi7t
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Charlie Bilello
charliebilello
Market expectations for Fed Funds Rate:
-June 12, 2024: Hold
-July 31, 2024: Hold
-Sep 18, 2024: 25 bps cut to 5.00-5.25%
-Nov 7, 2024: Hold
-Dec 18, 2024: 25 bps cut to 4.75-5.00%
-Jan 25, 2025: Hold
-Mar 19, 2025: 25 bps cut to 4.50-4.75%
-Apr 30, 2025: Hold pic.twitter.com/04pJr76y8P
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