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Jerome H Powell

All articles tagged with #jerome h powell

economy2 years ago•2 min saved

"Federal Reserve Meeting: Impact on Consumer Confidence, Job Openings, and Interest Rates"

The Federal Reserve is expected to keep interest rates unchanged at their January meeting, but investors will closely watch for hints of potential rate cuts during Chair Jerome H. Powell's news conference. The Fed's statement may change, reflecting the decreasing likelihood of further rate increases. Powell faces the challenge of balancing high interest rates without causing a recession or cutting rates too early and risking inflation. The decision on whether to focus on economic growth or inflation will be critical in determining future policy actions.

via The New York Times|

#economic-growth #economy #federal-reserve

economy2 years ago•1 min saved

Inflation Remains Steady, But Still Above Fed's Target

Inflation in the US remained moderate in November, with consumer prices rising 3.1 percent in the year through November. The Federal Reserve is expected to leave interest rates unchanged at its final meeting of the year, as inflation has cooled substantially from its peak in June 2022. The latest data showed that overall inflation climbed 0.1 percent on a monthly basis, down from 3.2 percent in October and significantly lower than the peak of over 9 percent in the summer of 2022.

via The New York Times|

#consumer-price-index #economy #federal-reserve

economy2 years ago•4 min saved

Navigating the Uncertain Path of Interest Rates in 2024

The Federal Reserve is expected to keep interest rates steady at their meeting this week, but investors are eager to hear from Chair Jerome H. Powell about when rate cuts might begin. While inflation has moderated and the job market is growing at a slower pace, there is still uncertainty about the economy's future trajectory. The Fed's projections for the end of 2024 will offer little insight into the timing of rate cuts. Possible scenarios for next year include a sharp economic slowdown prompting earlier rate cuts, inflation continuing to cool while economic momentum holds up, or a situation where inflation progress stalls or the economy heats back up. The Fed is keeping its options open given the range of possible outcomes.

via The New York Times|

#economic-projections #economy #federal-reserve