Fed Meeting Minutes
Here are all of the headlines pertaining to the Fed meeting minutes. It is a long read. But a very important one. In my opinion this seems on the bearish side because the Fed is uncertain how long they will need to remain at high restrictive rates until they see obvious slowdowns in economic factors including inflation. Does this negate the Feds previous forecast of rates going three years out? Also they noted how the economy is not showing signs that inflation is slowing down economic growth rate hikes are very necessary until this happens. All I see is in the minutes is uncertainty. That is typically bearish. We will see how the market digest this information after the next CPI reading at the end of the week. I can't see any reason why the market should be bullish off of these minutes. But always watch out for the pump fake.
Fed minutes: Fed officials see the need to take action to maintain restrictive policies
According to the minutes of the Fed meeting, Fed officials believe it is necessary to take action to maintain restrictive policies, and Fed officials are in favor of restrictive interest rates in the near future; several attendees believe that there is a need to calibrate Fed tightening policies to mitigate risks, and participants believe that, while assessing the cumulative effects of policy adjustments, it would be appropriate to slow the pace of interest rate increases at some point.
Minutes of the Fed meeting: officials see the need to take action to maintain restrictive policies.
Minutes of the Fed meeting: participants believed that it would be appropriate to slow the pace of interest rate hikes at some point while assessing the cumulative effects of policy adjustments.
Minutes of the Fed meeting: several attendees said that as policy enters a restrictive range, the risks will become more two-way.
Fed minutes: Fed officials judge that they need to shift to and maintain a stricter policy stance in order to achieve their goal of reducing high inflation.
After the release of the minutes of the Fed's September meeting, the volatility of the dollar index was limited, holding at the 113.30 front line before the minutes were released. Spot gold rose slightly to $1672 an ounce. The reaction in u.s. stocks was muted, with the s & p 500 staying near flat levels and the Dow slightly up 0.2%.
Fed minutes: many participants said that once policy reached a sufficiently restrictive level, it would be appropriate to maintain that level for some time.
Minutes of the Fed meeting: officials see the need to take action to maintain restrictive policies.
Minutes of the Fed meeting: participants believed that it would be appropriate to slow the pace of interest rate hikes at some point while assessing the cumulative effects of policy adjustments.
Minutes of the Fed meeting: several attendees said that as policy enters a restrictive range, the risks will become more two-way.
Fed minutes: Fed officials judge that they need to shift to and maintain a stricter policy stance in order to achieve their goal of reducing high inflation.
After the release of the minutes of the Fed's September meeting, the volatility of the dollar index was limited, holding at the 113.30 front line before the minutes were released. Spot gold rose slightly to $1672 an ounce. The reaction in u.s. stocks was muted, with the s & p 500 staying near flat levels and the Dow slightly up 0.2%.
Fed minutes: many participants said that once policy reached a sufficiently restrictive level, it would be appropriate to maintain that level for some time.
Minutes of the Fed meeting: many participants stressed that the cost of doing too little to curb inflation outweighs the cost of doing too much.
According to the minutes of the Fed meeting, many participants stressed that the cost of doing too little to curb inflation outweighed the cost of doing too much; many participants said that once the policy reached a sufficiently restrictive level, it would be appropriate to maintain that level for some time; many participants raised their assessment of the path of the federal funds rate needed to achieve the committee's goals.
Fed minutes: unemployment is likely to rise, which largely reflects the impact of tighter monetary policy.
Fed minutes: as expected, the Fed's net income turned negative in September.
Fed minutes: unemployment is likely to rise, which largely reflects the impact of tighter monetary policy.
Fed minutes: as expected, the Fed's net income turned negative in September.
Minutes of the Fed meeting: September's economic forecast is slightly lower than July's potential output will persist during the forecast period.
Fed staff prepared slightly lower forecasts for the US economy for the September FOMC meeting than they did in July, according to the minutes of the Fed's September meeting. However, staff estimates of potential output in the near term have been sharply reduced due to continued disappointing productivity growth and slow growth in labour force participation so far this year. In addition, the lower path of this potential output is expected to persist throughout the forecast period. As a result, staff estimates for the output gap have been raised significantly this year, and although staff still expect the output gap to narrow in the coming years, output levels are expected to be slightly higher than potential levels by the end of 2025.
After the announcement of the minutes of the Fed meeting, the three major indexes of US stocks rose in the short term, with the Dow up 0.5%, the Nasdaq up 0.4% and the S & P 500 up 0.3%
Fed officials attributed the dollar's strength to external factors, according to Fed minutes.
After the announcement of the minutes of the Fed meeting, the three major indexes of US stocks rose in the short term, with the Dow up 0.5%, the Nasdaq up 0.4% and the S & P 500 up 0.3%
Fed officials attributed the dollar's strength to external factors, according to Fed minutes.
Fed minutes: current GDP data may underestimate the intensity of economic activity this year
Participants noted that recent data showed a modest increase in economic activity in the second half of the year, according to the minutes of the Fed's September meeting. Participants lowered their forecast for real GDP growth this year, which was lower than expected in June. Several participants noted that the continued strength of the labour market and gross domestic income data increased the likelihood that current GDP data underestimated the intensity of economic activity this year. It was widely expected that due to the restrictive stance of monetary policy and the persistence of global headwinds, the US economy would grow at an below-trend rate now and in the coming years, and the labour market would become less tight. Participants noted that lower-than-trend real GDP growth over a period of time would help to reduce inflationary pressures and create conditions for the continued achievement of the Commission's goals of full employment and price stability.
Fed minutes: rising wages may put more upward pressure on price inflation than expected
The minutes of the September Fed meeting show that Fed staff continue to believe that the risk of the baseline forecast for real economic activity is skewed downwards. In addition to the conflict between Russia and Ukraine, weaker overseas economic activity and persistent supply chain bottlenecks, a sustained decline in inflation may require a tighter-than-expected financial environment, a possibility seen by Fed officials as a significant downside risk to their forecasts for real economic activity. Fed officials believe that as the improvement in supply conditions may not be as expected, energy prices may rise sharply again, and the risk of inflation forecast is skewed upward. Higher wages are likely to put more upward pressure on price inflation than expected, and inflation expectations may lose anchor given that the sharp rise in inflation over the past year is an additional upside risk to inflation forecasts.
Minutes of the Fed meeting: wage-price spiral has not yet been formed but may be risky
The minutes of the Fed's September meeting showed that participants agreed that the uncertainty related to the economic outlook was high and that the risk to the inflation outlook was upward. Some participants noted that rising labour tensions, a new round of rising global energy prices, further disruptions in the supply chain and higher-than-expected transmission of price increases caused by rising wages were potential shocks that, if they become a reality, could exacerbate the already serious inflation problem. Some participants commented that the wage-price spiral had not yet been formed, but considered that the potential of such a situation was a risk
The Fed minutes show that staff expect the reverse repo balance to decline.
Minutes of the September 20-21 meeting of the Federal Open Market Committee (FOMC) show that Fed staff continue to expect the balance of overnight reverse repurchase facilities to decline in the coming quarters as money market participants respond to changing circumstances. Issuance of short-term securities is likely to increase for some time to come, while "demand for short-term assets is likely to slow as the economic and policy outlook becomes clearer". Increased competition among banks for deposits could help gradually reduce the use of reverse repos
Fed minutes: inflation has not yet made a clear response to policy tightening
According to the minutes of the Fed's September meeting, most participants noted that while some interest-rate-sensitive spending categories, such as housing and corporate fixed investment, had begun to respond to tighter financial conditions, but a significant portion of economic activity has not yet shown this response. Inflation has not yet responded significantly to policy tightening, and its sharp decline is likely to lag behind the decline in aggregate demand. Participants agreed that by deliberately shifting policy to appropriate restrictive positions, it would help to ensure that high inflation did not become entrenched and inflation expectations did not become unstable. As a result, these policy measures will prevent greater economic pain associated with deep-rooted high inflation, including tighter policies and tighter restrictions on economic activity needed to restore price stability.
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meruson : merci beaucoup. one positive is that the fed is consistent in being hawkish. i remembered there were times the fed wavered and caused more problems.
warrior-sailormoon : Thank you Spyder
Violets : I just got back from the grocery store and I don't see any change in prices. I cannot believe how expensive groceries are. two bags is like $100
Small bull : Don't need to read at all. It's already known that fed had announced don't care if recession because they will continue in hawkish hikes. I think 2 more 75bp coming. Greedy and stubborn public investors refuse to acknowledge the truth. The investing companies take this opportunity to scam these stubbornly people.
SpyderCallOP Violets: I know its crazy. I bought just a few things to make breakfast sandwiches for the week. I spent over 50 buck. But I did pick up some lunch meat and pre-made chicken salad but still that is pretty steep.
SpyderCallOP Small bull: That is one of the main objectives of the hedge funds. They word it differently but in the market there are winners and losers. there would be no winners without the losers. its a messed up game that we play
BeBlessed : what a day... I'm stuck w a short position. didn't expect the market will do a reversal that fast and that much..
SpyderCallOP BeBlessed: yes it was a very crazy day with a giant gap down after CPI and then SPY moved from the low of day to high of day and that move was over 5%. Spy rarely makes a 5% move in one intraday trading session. I wonder how long this bullishness will last???
BeBlessed SpyderCallOP: Tell me about it.
I was happily collecting profit e moment CPI was out. The sudden gap down gave me a cool USD655.
Couldn't find a good reason to go Long as cpi number was still running hot. Unless the pump was due to jobless claim?
However I'm stuck with a short. Lol.
Fake pump or the market trend has reverse?
SpyderCallOP : I dont think the jobless number was high enough to account for todays huge rally. I know that today after the huge gap down in the morning it put spy's price below the 200 week moving average and the 1000 day moving averages at the same time. This could be just a push back above those levels as they are used as strong support/resistance levels. some random guy on the TD Ameritrade channel was saying that would possibly happen off of the CPI number. I never go off of what some random analyst says but it looks like his prediction came true. He also said we might see a small bounce off of these two moving averages before moving down. after all the markets were so oversold after that gap down. they cant go straight down forever ya know.
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