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“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
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
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
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.
Carvana Beats Expectation, Climbs 30%
$Carvana(CVNA.US)$ reported an earnings upset—diluted EPS of $0.23 compared to estimates of—$0.74, on revenue of $3.06B compared to estimates of $2.6B. The stock climbed 30%.
S&P 500, DJIA and Nasdaq Composite Glowing Green After FOMC Leaves Rates As Is
S&P 500, DJIA and Nasdaq Composite Mixed After FOMC Leaves Rates Unchanged
Express News | FOMC Keeps Rates Unchanged
Mastercard First-Quarter Results Beat Views Despite Gross Dollar Volume Slowdown
Mastercard first-quarter earnings and revenue exceeded Wall Street's estimates as consumer spending remained strong.
Stocks to Watch Wednesday: Starbucks, Pfizer, CVS, Amazon
Starbucks The coffee chain's stock slid more than 15% shortly after the market open. Starbucks reported a sharp slowdown in visits and weaker-than-expected s
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.
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.
Federal Reserve Decision Preview: Whether to slow down the downsizing plan may be the focus of this week's meeting
The target range of the Federal Reserve's indicator overnight interest rate has remained at 5.25%-5.50% since July last year, and the market is not expected to change during the two-day policy meeting that ends on Wednesday. Some economists say that the Federal Reserve may announce the end of the balance-sheet reduction plan as early as this week's policy meeting. However, the interest rate outlook is uncertain due to high inflation, which may delay the “downsizing” statement until June.
Blackstone: Inflation is still high, and the market will keep an eye on whether Powell will release a signal of potential interest rate hikes
On Wednesday, the market will pay close attention to Federal Reserve Chairman Powell's information on whether inflation concerns may lead to interest rate hikes
DJIA Sheds Nearly 600 Points and Nasdaq Composite Sinks More Than 2% Ahead of Fed Decision
DJIA Sheds Nearly 600 Points and Nasdaq Composite Sinks More Than 2% Ahead of Fed Decision
“New Federal Reserve News Agency” looks ahead to this week's FOMC meeting! Interest rate policies, QT reduction, and inflation have all been mentioned!
Timiraos quoted the Chinese proverb “do nothing to fix” at the beginning of the article, believing that this might summarize the Federal Reserve's latest interest rate policy policy. The Federal Reserve may emphasize that it is preparing to keep interest rates unchanged for longer than previously anticipated. Powell may say that the economic forecast released in March is out of date. For the time being, the Federal Reserve is unlikely to see a hawkish shift that suggests that interest rate hikes are more likely than interest rate cuts. Timiraos is uncertain whether the Federal Reserve will officially announce a reduction in QT at this meeting.
2-year Treasury yield pops above 5% after data on rising labor costs
By Vivien Lou ChenTreasury yields jumped Tuesday morning after U.S. data showed labor costs rose at the fastest pace in more than a year during the first quarter, throwing doubt on expectations for 20
US workers' wages accelerated in the first quarter, and inflationary pressure may worry the Federal Reserve
On the evening of the 30th, Beijing time, a report released by the US Department of Labor shows that in the first quarter of this year, American workers' wages, pay and benefits grew at a faster rate. This trend may lead to a rise in inflation and raise concerns about the Federal Reserve's policy path to counter future price increases. The US Department of Labor said on Tuesday that from January to March this year, workers' pay as measured by the government employment cost index rose 1.2% month-on-month, up from 0.9% in the previous quarter. Compared with the same period last year, compensation increased 4.2% year over year, the same increase as the previous quarter. What is certain is that increases in wages and benefits are beneficial to employees, but they may
The haze of inflation looms over! Labor costs in the US accelerated in the first quarter, the biggest increase in a year
The labor cost index favored by the Federal Reserve has heated up more than expected, indicating that the popularity of the US job market is unabated, and expectations of interest rate cuts will further subside.
The effects of this round of “money printers” in the US: M1 rose 43%, the stock market rose 26%, and CPI rose 11%, but the real economy did not change much
After all, the long-term growth of the real economy cannot be driven by fiscal stimulus.
Will the Federal Reserve eagles this week? Economist: Cutting interest rates now is probably harder than raising interest rates
A preview of the Federal Reserve's May meeting.