“New Federal Reserve News Agency”: No matter what Powell “says”, in the end, inflation has the final say

At the recently concluded April FOMC meeting, the Federal Reserve held on schedule and kept interest rates high for more than 20 years. However, the policy statement after the meeting remained dovish, implying that future interest rate cuts are more likely than interest rate hikes. Nick Timiraos, a reporter from the New Federal Reserve News Agency and the Wall Street Journal, wrote that the current market's tendency to determine the Federal Reserve is not that important; what is more critical is economic and inflation data. There are two opinions within the Federal Reserve. Within the Federal Reserve, some officials have been worried that keeping interest rates too high for too long, especially when inflation and wage growth are slowing down, it will cause

wallstreetcn00:31 ET

Keep interest rates unchanged! The Federal Reserve admits that the rate of cooling inflation has stagnated, and QT has been slowing since June

The Zhitong Finance App learned that on Wednesday, the Federal Reserve announced that it will keep interest rates unchanged in the range of 5.25% to 5.5% as scheduled, while pointing out that the rate of cooling inflation has come to a standstill recently. This indicates that unless the economy recedes, the Federal Reserve will maintain a wait-and-see attitude and wait for a better time to adjust interest rates. In a policy statement issued on the same day, the Federal Reserve emphasized the lack of further progress in reducing inflation in recent months. Previously, the Federal Reserve believed that the US economy was entering a better balance in achieving the goals of price stability and full employment. However, the latest statement suggests that this improvement has stalled and over the past year

Zhitong Finance19:00 ET

Powell stressed that future decisions will be extremely prudent, implying that interest rates will remain high for a long time

Powell's statement showed that the Federal Reserve is cautious about upcoming economic challenges, while underscoring the flexibility of monetary policy and continued concern for inflation

Zhitong Finance19:00 ET

Compare the full text of the Federal Reserve's resolution with the statements of the last two monetary policy meetings

The main content of this article is the full statement issued by the Federal Open Market Committee (FOMC) of the Federal Reserve after the April 30-May 1 monetary policy meeting and a comparison of the statements of the last two meetings.

FX678 Finance18:57 ET

In April, “small non-farmers” grew more than expected, and expectations of the Fed's interest rate cut receded

The recruitment situation in various industries generally improved in April, dominated by the leisure industry; the wage growth rate of those who changed jobs slowed to 9.3% compared to the same period last year.

Zhitong FinanceMay 1 09:50 ET

Has the clock stopped for interest rate cuts? Tonight, the market focuses on the Federal Reserve!

The market generally anticipates that the Federal Reserve will continue to “stand still” and may begin to slow down QT, focusing on Powell's post-meeting speech.

wallstreetcnMay 1 09:15 ET