FED Chairman Jerome Powell Spoke for the First Time After the Interest Rate Decision! Here are the Highlights!

robot
Abstract generation in progress

FED did not cut interest rates in May and kept them unchanged. Following this decision, the FED's forecasts for interest rate cuts have been postponed to December, while FED Chairman Jerome Powell spoke for the first time after the FOMC.

"Officials agree that there needs to be a reassessment of the strategic language regarding both the employment gap and average inflation."

Considering the level of inflation, the idea that there will be a moderate increase in inflation following economic weakness has now lost its validity.

It is appropriate to reassess how the FED determines and communicates its monetary policy.

It would be appropriate to reconsider the average inflation target.

We may be entering a period of more frequent and lasting supply shocks.

It is likely that the PCE will be around 2.2% in April.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)