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The minutes of the Federal Reserve meeting destroyed the prospects for interest rate cuts. Analysts: The dollar bulls point to a three-week high
The minutes of the Federal Reserve FOMC meeting clearly showed hawkish signs, and the official slogan of long-term upward trend has been confirmed. The analysis indicates that the dollar bulls will challenge the target price of 105.74. This position is the nearly three-week high hit on May 9.
GAM Multi-Asset Solutions Chief Investment Director: Federal Reserve Officials Don't Seem to Know Anything About US Inflation
Julian Howard, GAM's chief investment director for multi-asset solutions, said Federal Reserve officials seemed “clueless” about the US inflation situation.
Federal Reserve Meeting Minutes: It may take longer to cut interest rates. Many officials intend to raise interest rates once the risk of inflation is rekindled
Federal Reserve policymakers believe that it will take more time than previously anticipated to be more confident that the inflation target will be met.
The minutes of the Federal Reserve meeting are “buzzing”. If inflation does not continue to move towards 2%, they will consider the possibility of raising interest rates
The Zhitong Finance App learned that on Wednesday, the minutes of the Federal Reserve's May meeting raised concerns about continued inflation, indicating that the central bank may not cut interest rates anytime soon. The Federal Open Market Committee (FOMC) showed in the minutes of the April 30 to May 1 policy meeting that there has been a lack of progress in reducing inflation in recent months. The minutes of the meeting also showed that many participants discussed the possibility of raising interest rates if inflation does not continue to move towards the 2% target. Starting in 2024, inflation is more stubborn than officials expected, according to a series of data. The Federal Reserve is targeting a 2% inflation rate, but all indicators show an increase in prices
Goldman Sachs expects the US debt-cost ratio to rise to dangerous levels
Goldman Sachs Group updated its long-term US fiscal outlook on Wednesday, and it is expected that a key indicator of debt sustainability will rise to historic extreme levels.
Fed Policymakers Remain Wary About Inflation, Focus Shifts to FOMC Minutes
Fed policymakers' comments on policy outlook will be scrutinized by investors this week.
Fed Minutes Preview: Markets to Focus on Comments Regarding the Inflation Outlook
The Fed will release the minutes of the April 30-May 1 policy meeting on Wednesday.
Bears return, traders cut bets on the Fed cutting interest rates
Currently, the swap market is expected to cut interest rates by about 40 basis points by the end of the year, but after the CPI inflation data for April was released last Wednesday, the market was optimistic that interest rate cuts would be close to 50 basis points during the year.
US Dollar Consolidates Further as Markets Gear up for Increased Volatility
The US Dollar (USD) is starting to tick up as markets await a volatile 24 hours ahead which will commence with the release of the Federal Reserve (Fed) Minutes from the recent Federal Open Market Committee (FOMC) decision on why they kept rates stable.
New debt tycoon reaffirms the “American recession theory”, no later than 2025
The “king of bonds” Jeffrey Gundlach once again warned that the US economy is about to decline. The latest data shows that the US economic situation continues to deteriorate.
The Federal Reserve is being questioned; high interest rates may not reduce inflation!
Now people are beginning to question the Federal Reserve's ability to guide the economy and manage inflation. David Zervos, chief market strategist at Jefferies, said Tuesday morning: “Policies are not restrictive. Demand hasn't been crushed.” Atlanta Federal Reserve Chairman Raphael Bostic thinks the policy is restrictive.
Interest on US treasury bonds this fiscal year may surpass defense spending by the first time
In the first seven months of fiscal year 2024, which began in October of last year, total net interest payments on US Treasury bonds reached 514 billion US dollars, 20 billion US dollars higher than defense spending during the same period. Budget analysts believe this trend will continue, making fiscal year 2024 the first time in US history that interest spending on treasury bonds surpassed defense spending.
Japanese Yen Depreciates Due to Increased Trade Deficit, Steady US Dollar
The Japanese Yen (JPY) weakened following the release of Japan's Merchandise Trade Balance data on Wednesday.
A number of Federal Reserve Board members spoke out that the overall tone was “not in a hurry to cut interest rates”
Last week's April CPI injected a dose of strength into the market, and expectations of interest rate cuts were once again rekindled. Since this week, many Federal Reserve executives have been speaking out intensively, sending a more clear signal about the next interest rate path. Overnight, Federal Reserve Governor Waller, New York Federal Reserve Chairman Williams delivered speeches, Atlanta Federal Reserve Chairman Bostick, Cleveland Federal Reserve Chairman Meister and many other senior officials delivered speeches one after another. Overall, although inflation data has boosted market confidence, the overall position of Federal Reserve officials is still “hawkish,” saying that it is still necessary to see a trend where inflation continues to decline before making a decision to cut interest rates. Federal Reserve Officials' Views on Specific Interest Rate Cut Paths
Federal Reserve Officials Reiterate: We need to see more evidence of falling inflation before cutting interest rates
Two Federal Reserve officials have reiterated that interest rates will remain high for a longer period of time.
Goldman Sees More Dollar Strength Amid Fight Against Inflation
The dollar may remain stronger for longer if the Federal Reserve keeps interest rates steady, while other nations opt for a reduction in borrowing costs, according to Goldman Sachs Group Inc.
Fed's Collins, Mester Emphasize Need for More Data to Cut Rates
Two Federal Reserve officials reinforced a higher-for-longer message on interest rates, emphasizing a need for patience as the central bank waits for more evidence inflation is moving lower.
Fed's Collins: Progress Needed for Interest Rate Adjustment Will Take Longer
Federal Reserve Bank of Boston President Susan Collins spoke at “Central Banking in the Post-Pandemic Financial System” on Wednesday. Collins said that progress toward interest rate adjustment will take longer.
How will US interest rates actually go? Nobel Prize winner Krugman was also dumbfounded
Will US interest rates return to pre-pandemic levels in the medium term, as some people predicted, or will they remain high for a longer period of time? Even Nobel laureate economist Paul Krugman said he had no clue about it. “I'm just confused about interest rates,” Krugman said in an interview. “Whoever it is, claiming to know the exact answer is fooling themselves.” The yield on US 10-year Treasury bonds is currently around 4.4%, yet it was less than 2% on the eve of the outbreak. The non-partisan Congressional Budget Office predicted earlier this year that it would be around 4% over the next ten years. Currently working for Crewe at the City University of New York
Federal Reserve policymakers remain cautious after the April inflation data was released
Investors will be keeping a close eye on comments from Fed policymakers on the policy outlook this week. The market believes that the possibility that the Federal Reserve will keep its policy unchanged in September is weakening. The Fed's interest rate outlook could affect the dollar's performance against its main rivals.