Thursday, March 13

Tag: Federal Open Market Committee

Jerome Powell Makes His Inflation Pivot
14Dec By adminNo Comments
Business

Jerome Powell Makes His Inflation Pivot

We thought Federal Reserve Chairman Jerome Powell would be wary of declaring victory over inflation on Wednesday, but he was wary in formal declaration only. Everything else about his press conference after the latest Federal Open Market Committee (FOMC) meeting suggested that the Chairman’s Paul Volcker era is over. Easier money is on the way.“The committee is proceeding carefully,” he said. The Fed still wants to see “ongoing progress” toward the Fed’s 2% inflation target, “we still have a ways to go,” and “no one is declaring victory” over inflation. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Jay Powell’s Mixed Price Signals
13Dec By adminNo Comments
Health

Jay Powell’s Mixed Price Signals

Everyone expects the Federal Open Market Committee (FOMC) to hold firm on its interest-rate target when it announces the results of its policy meeting on Wednesday, and the latest price signals suggest that’s the right stance. The consumer-price index for November showed Tuesday that inflation still isn’t vanquished, and the Fed will do better to ignore the clamoring on Wall Street and Washington for rate cuts. Consumer inflation rose 0.1% for the month, after not rising at all in October. That’s good news overall, but the price index for the last 12 months is still 3.1% higher. This is a huge relief from the 9.1% inflation peak of June 2022, but it remains higher than the Fed’s target of 2%. There’s still work to be done.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. ...
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