Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Federal Reserve Chairman Jerome Powell's reassuring message following the central bank’s monetary policy meeting may not calm frazzled US stock and bond investors, as uncertainty over the path of inflation intensifies the focus on upcoming data. Powell projects optimism but acknowledges that inflation data are crucial. He keeps rate cuts on the table but leaves the timing uncertain, while some analysts expect 100bp of cuts in 2024.
Posted earlier: As a follow-up to yesterday's #FederalReserve press conference, here are some thoughts on why Chair Powell's surprisingly dovish tone and content may end up being appropriate...though not for the reasons he put forward. https://t.co/9q0ng8w6rG #economy…
From @WSJopinion: Jerome Powell offered a sunny view about prices and the economy. Let’s hope the Fed’s inflation confidence isn’t as transitory as it was in 2021. https://t.co/hnjnQQbzFe https://t.co/hnjnQQbzFe
Powell is confident about growth, but rate cuts not so much https://t.co/QvdsAwxJ7W
