Share: All eyes are on the Kansas City Fed’s Jackson Hole Symposium. On Friday, ECB’s Lagarde and the Fed’s Powell will speak. During the Asian session, the Tokyo Consumer Price Index is due. Later in the day, a new reading of German GDP and the IFO survey will be released, and later the
The Fed’s annual Jackson Hole Symposium begins with a dinner on Thursday, 24 August 2023. The full agenda will be made available at 6 PM US Mountain Time, which is 8 PMEastern time. This year’s topic is ““Structural Shifts in the Global Economy”. More on this: This year’s theme will explore several significant, and potentially
Inflation is coming down as hoped Expects unemployment to rise slightly as the economy cools, personally sees unemployment rate rising above 4% next year Does not rule out possibility of lowering rates in early 2024 It all depends on the economic data Well, that’s one of the first angles by the Fed in agreeing to
Fed Governor Michelle Bowman spoke over the weekend and said: We should remain willing to raise rates at a future meeting if data show inflation progress has stalled. In considering further rate hikes and how long to keep rates restrictive, consistent drops in inflation will be looked for. Additional U.S. interest-rate increases will be needed.
Fed’s Bostic The Fed funds market is pricing in a decline to 4.04% at the end of 2024 right now with cut pricing accelerating around May. You can imagine there will be some genuine enthusiasm in equities when we get a better sense of when cuts are coming but that will also depend on what
Jobs market cooling a bit but still extremely strong Goods inflation has been tough to bring down Highlights improvements in US productivity as disinflationary Fed has to be patient, monetary policy has lags Question should be: How long are we going to stay at these levels, not about when the next hike will be Holding
Baseline is no rate cuts until the second half of 2024 at earliest Inflation is unacceptably high but there has been significant progress Data consistent with ‘orderly slowdown’ We are in a phase where there is some risk of overtightening says he would have ‘grudgingly’ voted for a rate hike in July If progress on
Share: The Australian Dollar plunges through support following the release of US Q2 GDP. Downside pressure maintains on the Aussie after the release of US PCE inflation data for June. The Fed Chairman said he could not confirm if there would be further rate hikes, noted a fall in Core CPI and strength in
PCE REPORT KEY POINTS: June U.S. consumer spending climbs 0.5% m-o-m in June, slightly above forecasts Core PCE rises 0.2% on a monthly basis, bringing the annual rate to 4.1%, one-tenth of a percent below market estimates The U.S. dollar retraces some losses after this morning’s data, but remains in negative territory Recommended by Diego
رئیس فدرال رزرو شیکاگو Feds Goolsbee (کبوتر) روی سیم ها می گوید: راهی برای مهار تورم بدون رکود وجود دارد در همین حال، لری فینک، مدیر عامل Blackrocks CNBC می گوید: او فکر می کند تورم چسبنده تر از انتظار بازار خواهد بود تورم بین 3 تا 4 درصد است لینک منبع : هوشمند نیوز
