[ad_1] Fed’s Waller Fed is determined to bring inflation down to 2% Full speech There is nothing particularly notable in the initial comments, which didn’t directly address monetary policy or the outlook for the economy. Here is the conclusion portion of the speech: I think it is worth concluding by emphasizing an important respect in
[ad_1] NY Fed President Williams is a speaking and says: Monetary policy is having the desired effects on the economy Fed is at or near peak for federal funds rate. Fed will need restrictive policy stance for some time to achieve goals. Sees inflation ebbing to 3.25% this year, heading to 2% in 2025. Future
[ad_1] US PCE DATA KEY POINTS: August U.S. consumer spending advances 0.4% versus 0.4% expected. CorePCE, the Fed’s favorite inflation measure, climbs 0.1% month-on-month and 3.9% from a year earlier, in line with expectations down from a revised 4.3% YoY in July. Short-Term US interest-rate futures little changed after the inflation data, traders continue to
[ad_1] It will be hard to figure out in the economy without data Credit card data is a good alternative data set I try to talk to businesses and workers what’s happening in the economy Growth still seems ‘solid’ in the economy It makes sense that lower and middle-income spending is adjusting to a slower
[ad_1] Share: WTI crude oil trades with over 0.50% losses after hitting a high of $90.34. Federal Reserve’s decision to hold rates but project higher rates for the next year has snapped WTI’s three-week rally. Oil prices were cushioned by a drop in oil rigs count in the US, along with China’s economic
[ad_1] Share: S&P 500 concluded the week at 4,320.06, marking a 0.23% daily and a 3.02% weekly drop, reaching levels last seen in June, with Nasdaq and Dow Jones also incurring losses Federal Reserve’s decision to hold rates but revise upward projections for the Federal Funds rate for 2023 and 2024 spurred a
[ad_1] Fed’s Daly San Francisco Fed Pres. Mary Daly is a speaking (nonvoting member): We stood at this week on rates in recognition that we are closer to our destination. We are holding rates steady to collect information to see if more is necessary. Holding rates this week doesn’t predict what we will do next.
[ad_1] A second Fed governor is speaking. FOMC member Bowman is on the wires saying: Further interest rate increases likely appropriate with inflation “still too high.” Fed policy will need to be held at a restrictive level “for some time” to return inflation to 2% “in a timely way.” Continued risk of further increase in
[ad_1] The Federal Reserve (Fed) kept rates on hold (5.25%-5.5%) at its latest meeting, but delivered a hawkish hold as what markets were anticipating – or rather, more hawkish. The Fed’s dot plot left the door open for one more rate hike by the end of this year as before, but were only looking for
[ad_1] Share: Gold price hit a two-week high at $1937.35 before retreating to $1931.77, down 0.06%. US 10-year Treasury bond yield reaches a 16-year high at 4.367%, weighing on gold. Investors keenly await the Federal Reserve’s ‘dot plots’ and updated economic projections for rate hike clues. Gold price retreats after hitting a two-week
