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FEDERAL RESERVE

Fed's Powell: Restrictive Policy Needs Further Time to Work
Wednesday, 17 April 2024 07:36 WIB | Fiscal & monetary

Federal Reserve (Fed) Chairman Jerome Powell participates in a fireside chat about economic trends in North America at the Wilson Center’s Washington Forum in Washington, DC. Powell said that the U.S. economy's performance has been quite robust. He added that recent data indicates a lack of...

Fed's 'Confidence' In Disinflation Not Bolstered by Recent Data, Minutes Show
Thursday, 11 April 2024 10:12 WIB | Monetary

Even before U.S. inflation data on Wednesday came in hotter than expected, Federal Reserve officials had begun worrying last month that progress might have stalled and a longer period of tight monetary policy could be needed to tame the pace of price increases. "Some" officials at the Fed's March...

Powell Says Latest Inflation Data ‘In Line With Expectations’
Saturday, 30 March 2024 05:30 WIB | Fiscal & monetary

Federal Reserve Chair Jerome Powell said inflation data released Friday is “pretty much in line with our expectations,” but reiterated it won’t be appropriate to lower rates until officials are confident inflation is on track toward their 2% goal. “It’s good to see something coming in...

Fed Pencils in Three Rate Cuts in 2024, Shallower Path Ahead
Thursday, 21 March 2024 09:01 WIB | Fiscal & monetary

Federal Reserve officials maintained their outlook for three quarter-point rate cuts this year but forecast fewer cuts than before in 2025 following a recent uptick in inflation. Officials decided unanimously to leave the benchmark federal funds rate in a range of 5.25% to 5.5%, the highest since...

Fed Holds Rates Steady But Indicates Three Cuts Coming Sometime This Year
Thursday, 21 March 2024 07:54 WIB | Fiscal & monetary

The Federal Reserve on Wednesday held interest rates steady as expected but signaled that it still plans multiple cuts before the end of the year. Following its two-day policy meeting, the central bank’s rate-setting Federal Open Market Committee said it will keep its benchmark overnight...

Powell Reiterates Fed Needs More Confidence on Inflation to Cut
Thursday, 7 March 2024 05:32 WIB | Fiscal & monetary

Federal Reserve Chair Jerome Powell reiterated to lawmakers that the US central bank is in no rush to cut interest rates until policymakers are convinced they have won their battle over inflation.  In prepared testimony to a House panel Wednesday, the Fed chief said it...

Fed Holds Rates Steady and Inches Closer to Cutting in Future
Thursday, 1 February 2024 09:09 WIB | Fiscal & monetary

The Federal Reserve held interest rates steady for the fourth straight meeting and signaled its openness to cutting them, though not necessarily right away.  In a statement issued after their two-day meeting, Fed officials dropped their previous assertion that a rate hike was...

Fed Sees Rates Staying High for Some Time With Cuts Eyed in ’24
Thursday, 4 January 2024 09:04 WIB | Fiscal & monetary

Federal Reserve policymakers agreed last month that it would be appropriate to maintain a restrictive stance “for some time,” while acknowledging they were probably at the peak rate and would begin cutting in 2024. “Participants viewed the policy rate as likely at or near its peak for this...

Powell Brushes Off Rate-Cut Bets as Fed Moves Carefully
Saturday, 2 December 2023 06:15 WIB | Fiscal & monetary

Federal Reserve Chair Jerome Powell pushed back against Wall Street’s growing expectations of interest-rate cuts in the first half of 2024, saying the committee will move cautiously with borrowing costs at a 22-year high but retain the option to hike further. “It would be premature...

Fed Gave no Indication of Possible Rate Cuts at Last Meeting, Minutes Show
Wednesday, 22 November 2023 08:57 WIB | Fiscal & monetary

Federal Reserve officials at their most recent meeting expressed little appetite for cutting interest rates anytime soon, particularly as inflation remains well above their goal, according to minutes released Tuesday. The summary of the meeting, held Oct. 31-Nov. 1, showed that Federal Open...

Powell Urges Fed Economists to Be Flexible on Forecast Methods
Thursday, 9 November 2023 04:47 WIB | Fiscal & monetary

Federal Reserve Chair Jerome Powell said the central bank must be willing to think beyond the complex mathematical simulations it traditionally uses to forecast the economy. “Intellectual rigor has to be combined with flexibility and agility,” Powell said in opening remarks at a...

Powell Says Evidence of Strong Growth Could Warrant More Hikes
Thursday, 2 November 2023 08:24 WIB | Fiscal & monetary

Federal Reserve Chair Jerome Powell said additional evidence of strength in the labor market and above-trend economic growth could warrant “further tightening” of monetary policy. “We are attentive to recent data showing the resilience of economic growth and demand for labor,” Powell...

Fed Holds Rates at 22-Year High, Signals Concern on Yield Rise
Thursday, 2 November 2023 07:53 WIB | Fiscal & monetary

The Federal Reserve held interest rates at a 22-year high for a second straight meeting, while suggesting that the recent rise in Treasury yields may weigh on the economy and inflation. “Tighter financial and credit conditions for households and businesses are likely to weigh on...

Powell Says Fed ‘Proceeding Carefully,’ Leaves Door Open to Hike
Friday, 20 October 2023 05:52 WIB | Fiscal & monetary

Federal Reserve Chair Jerome Powell said the US central bank is “proceeding carefully” as it considers the path of policy, and is prepared to raise interest rates again if policymakers see further signs of resilient economic growth. “Given the uncertainties and risks, and how far we...

Powell Says Public’s Understanding Key to Fed Impact on Economy
Friday, 29 September 2023 09:49 WIB | Fiscal & monetary

The Federal Reserve’s ability to influence the economy depends on whether “people understand what we are saying,” Chair Jerome Powell said, highlighting the importance of work done by economic educators.  When Fed officials publish their projections for interest rates and...

Powell Says Economic Soft Landing Is a Primary Objective for Fed
Thursday, 21 September 2023 08:48 WIB | Fiscal & monetary

Federal Reserve Chair Jerome Powell said a so-called “soft landing” for the US economy is a primary objective for the central bank. “A soft landing is our primary objective,” Powell told reporters Wednesday during a press conference following the central bank’s two-day policy...

Fed Leaves Rates Unchanged, Signals One More Hike This Year
Thursday, 21 September 2023 07:44 WIB | Fiscal & monetary

The Federal Reserve left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer after one more hike this year. The US central bank’s policy-setting Federal Open Market Committee, in a post-meeting statement published Wednesday in...

Fed Seen Signaling One More Hike and Pushing Out 2024 Rate Cuts
Friday, 15 September 2023 23:25 WIB | Fiscal & monetary

A resilient US economy will prompt the Federal Reserve to pencil in one more interest-rate hike this year and stay at the peak level next year for longer than previously expected, according to economists surveyed by Bloomberg News. The Federal Open Market Committee will keep...

Fed Minutes Show ‘Most’ Officials Continue To Worry About ‘Significant Upside Inflation Risks’
Thursday, 17 August 2023 08:07 WIB | Fiscal & monetary

Most Federal Reserve officials last month continued to see serious inflation risks which could require more interest-rate hikes, according to the minutes of the July policy meeting. The big question facing Fed officials continues to be whether the level of the policy interest rate is now...

Almost all Fed Officials Agreed to Skip June Hike
Thursday, 6 July 2023 08:14 WIB | Fiscal & monetary

A united U.S. Federal Reserve agreed to hold interest rates steady at the June meeting as a way to buy time and assess whether further rate hikes would be needed, even as the vast bulk expected they would eventually need to tighten policy further, according to meeting minutes released on...


Fed's Powell: Restrictive Policy Needs Further Time to Work
Wednesday, 17 April 2024 00:53 WIB

Federal Reserve (Fed) Chairman Jerome Powell participates in a fireside chat about economic trends in North America at the Wilson Center's...

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S&P 500 Closes Lower As Powell Warns Rates Need To Stay High, Dow Snaps 6-Day Losing Streak
Wednesday, 17 April 2024 03:10 WIB

The S&P 500 wavered on Tuesday after Federal Reserve chair Jerome Powell said interest rates may need to stay elevated. The broad index lost...

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Market Review Wednesday, April 17, 2024
Thursday, 18 April 2024 03:20 WIB

Nikkei Japanese stocks fell, marking their biggest three-day drop since October, as investors continued to be on watch for any risk of currency...

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Bailey Hints BOE Might Be Able to Cut Rates Before Fed in US
Wednesday, 17 April 2024 01:19 WIB

Bank of England Governor Andrew Bailey hinted that the UK might be able to lower interest rates before the US, saying inflation dynamics...

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