Powell speech: Rate cuts this year will not be appropriate – by eren_fxstreet Fed CentralBanks
after the Federal Reserve's decision to leave the policy rate unchanged at 5-5.25% following the June policy meeting."I continue to think there is a path to 2% inflation without large losses of employment.""FOMC is completely unified on need to get to 2% inflation, will do whatever it takes to do that.""To maintain real rates as inflation comes down, will need to lower nominal rate in future.""Not a single person wrote down a rate cut this year.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Dithers Below $26K as Investors Eye CPI Data, FOMC Rate Hike DecisionBitcoin was lingering below $26K, about where it has stood much of the past 3 days, as investors awaited Tuesday's May CPI report, which will offer the latest insights on inflation, and Wednesday's Federal Reserve rate hike decision. JPRubin23 writes
Read more »
WATCH LIVE: Jerome Powell holds press briefing on Fed interest rate decisionFederal Reserve Chairman Jerome Powell is holding a press conference to brief the public on the Fed's decision regarding interest rates.
Read more »
Powell speech: Need to see loosening of labor market conditions continueFOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve's decision to leave the policy rate unchanged at 5-5.25% followin
Read more »
Powell speech: Fed projections are not a plan or decisionFOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve's decision to leave the policy rate unchanged at 5-5.25% followin
Read more »
Ex-Fed’s Kaplan: FOMC 'hawkish pause' in June, July hike is openFormer Dallas Federal Reserve Bank (Fed) President Robert Kaplan said in an interview early Tuesday, he would support a 'hawkish pause' at this week's
Read more »
Dollar struggles on FOMC days – SocGenEconomists at Société Générale discuss USD outlook ahead of US Consumer Price Index (CPI) data and FOMC. Dollar down vs Euro last four FOMC meetings T
Read more »