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USD/GBP News
Hawkish decisions versus dovish sentiment! The Federal Reserve is expected to cut interest rates once this year, but remains open to two cuts.
According to the Zhī Tōng Cái Jīng APP, Federal Reserve officials have lowered their expectations of interest rate cuts this year. However, Chairman Powell still remains open to further interest rate cuts, and he emphasized that the new forecast represents a conservative approach. At the two-day policy meeting held in Washington on Wednesday, policymakers announced their latest economic forecasts. According to their median estimate, they expect to cut borrowing costs only once in 2024, rather than the previously estimated three times. They also raised their inflation forecast, despite the optimistic consumer price data released earlier on the same day. Nationwide Mutual.
Interest rate cut expected in September! Market still sings against the Federal Reserve.
Powell maintains a hawkish tone, but traders continue to increase bets on rate cuts due to the impact of falling inflation data, making the possibility of the first rate cut in September once again a reality.
Despite the cooling of CPI, expectations of interest rate cuts remain high! The Federal Reserve continues to hold steady and is expected to cut interest rates only once this year.
The dot plot shows that no one expects a rate cut three times this year, while last time more than half of the officials expected at least three rate cuts. Nearly 80% of officials expect at least one rate cut this time, and the number of officials who do not expect rate cuts this year has doubled to four.
The Fed is lost! Hawkish decisions have sparked a major debate on Wall Street, greatly reducing expectations of interest rate cuts.
This article will explore experts' interpretation of the Federal Reserve's policy decisions and its potential impact on the stock market.
"New Bond King" Gundlach: The Fed may not cut interest rates in 2024.
Jeffrey Gundlach, CEO of investment firm DoubleLine Capital, known as the "new bond king," said on Wednesday that the Federal Reserve may not lower interest rates by the end of 2024.
GBP/USD Trades With Mild Losses Below 1.2800, Fed Holds Rate Steady
The GBP/USD pair loses some ground near 1.2795 after retracing from three-month highs of 1.2860 during the early Asian session on Thursday.
Schroder: If inflation pressure eases in the USA, which sector has the opportunity to outperform the market?
Schroders expects that the inflation rate will fall to 2% to 3% in 2024, and from past data, growth stocks and technology stocks are likely to outperform the market.
Forex Today: US Inflation Dominates Headlines
The USD Index (DXY) revisited the area of three-day lows on the back of declining US yields, lower CPI and after the Fed left rates unchanged, as expected. On June 13, the usual weekly Initial Jobless Claims are due seconded by Producer Prices and the speech by Fed’s Williams.
Powell Speech: Not at a Point of Giving Dates for Rate Cuts
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference.
Powell Speech: Readings Like Today's CPI Is a Step in the Right Direction
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference.
Powell Speech: We Are Prepared to Adjust Policy as Appropriate
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference.
Powell Speech: Wages Still Running Above a Sustainable Path
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference.
Walking the Tightrope: The Fed's Struggle With Dual Economic Objectives
The binary aspect of monetary policy is problematic. That is, monetary policy is a blunt tool that can be directed at either stimulating economic activity or suppressing it.
Powell Speech: Unexpected Weakness in Labor Market Could Call for a Response
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference.
Powell Speech: Will Continue to Make Decisions Meeting by Meeting
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference.
Powell: Inflation has substantively slowed down, but is still too high (updating).
On Wednesday, June 12th (EST), the Federal Reserve announced that the target range for the federal funds rate remains at 5.25% to 5.50%, as expected by the market. Following the meeting, Fed Chairman Powell stated that the economy has made significant progress in terms of employment and inflation, and economic activity has expanded at a solid pace. The Fed expects GDP to slow down compared to the rate in 2023. He mentioned that inflation has substantially slowed down but is still too high. Employment growth remains strong but at a slower pace than in the first quarter. FOMC expects that the labor market will remain strong.
Powell Speech: More Recent Readings on Inflation Have Shown Easing
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference.
GBP/USD Clears Some Gains After Fed's Decision and Dot Plot Revision
On Wednesday, the GBP/USD cleared some of its gains following the Federal Reserve (Fed) decision to hold rates steady at 5.25%-5.50% and stands at 1.2830.
[Breaking News] FOMC predicts GDP: 2.1% in 2024 and 2.0% in 2025.
FOMC forecasts GDP growth of 2.1% in 2024 and 2.0% in 2025.
The Federal Reserve has maintained the benchmark interest rate unchanged for the seventh consecutive time, significantly reducing expectations of rate cuts. (Attached is the full text of the FOMC statement)
On Thursday morning Beijing time, the Federal Reserve Board announced that it will maintain the federal fund rate target range between 5.25% and 5.5%, in line with market expectations. This is the seventh consecutive time since September last year that the Fed has maintained interest rates unchanged. The Fed's dot plot shows that it is expected to cut interest rates only once in 2024, a decrease of two compared to the March forecast. The Fed's dot plot shows that the median federal fund rate expectations for 2024 to 2026 are 5.1%, 4.1%, and 3.1%, respectively (compared to 4.6%, 3.9%, and 3.1% in March forecasts). The long-term expected median federal funds rate is expected.