The Federal Reserve's "Eagle King" has said: this year may only cut interest rates once, at most twice!
鹏尚思密达
发表于 2024-3-7 11:35:06
1685
0
0
On Wednesday, Neel Kashkari, the President of the Minneapolis Federal Reserve Bank, hinted that stronger economic data since the beginning of the year may have led the Federal Reserve to cut interest rates only twice this year, or even once.
He said in an interview, "I expected to cut interest rates twice this year in December last year," referring to the quarterly economic forecast released by Federal Reserve decision-makers last time. The new forecast will be released in two weeks, and the Federal Reserve will hold its next meeting to formulate policies.
"From the already released data, it's hard for me to believe that this year's interest rate cut will exceed my expectations for December last year. In most cases, I may be the same as December last year, or maybe even less, but I haven't made a decision yet," he added.
His colleagues predicted in December last year that interest rates would be cut three times this year, which would lower the Federal Reserve's policy rate from the current range of 5.25% -5.5% to 4.5% -4.75%. Since the beginning of this year, Federal Reserve officials have repeatedly emphasized that the future path of interest rate cuts will depend on data, and Chairman Powell reiterated this position on Wednesday.
Powell stated during the hearing that this year's interest rate cut will depend on the direction of economic development. He said, "Our focus is on maximizing employment and price stability, as well as the upcoming data on the impact outlook. Before lowering policy interest rates, we hope to see more data on sustained decline in inflation rates."
Kashkali stated that the "basic situation" is that the Federal Reserve will not further raise interest rates, which is the view shared by all Federal Reserve decision-makers based on the estimates released in December and subsequent statements.
He added that if the economy remains resilient and inflation is more deeply rooted than expected, "the first thing we need to do is to maintain interest rates unchanged for a longer period of time.". Kashkali is currently a representative figure of the hawkish camp in the Federal Open Market Committee (FOMC), but he does not have voting rights on monetary policy this year.
He also stated that the Federal Reserve does hope to avoid an economic downturn and achieve a so-called "soft landing", which is a decrease in inflation, but the job market will not collapse, just as the Federal Reserve has done in combating excessive inflation.
But now, he said, "If the economy performs very well, perhaps the economy can maintain this interest rate environment, and we are not aware that this is possible."
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Three Federal Reserve officials are brushing off their hawks: The pace of interest rate cuts still depends on the data!
- Who will be the next Chairman of the Federal Reserve? The Trump team "fell in love" with these three people
- Increase the momentum! US bond traders are on high alert: Beware of the Federal Reserve's "eagle sound" tonight
- Sword finger Powell? Former Federal Reserve Director: He is still "stimulating" the economy and facing even more difficulties!
- Federal Reserve Daley: "Three interest rate cuts within the year" is reasonable but only an expectation
- Even if the Federal Reserve doesn't cut interest rates, US stocks will rise! Wall Street provides reasons
- Alibaba Cloud announces a price reduction of 1 yuan for the Tongyi Qianwen model, with a maximum of 2 million tokens
- The hawkish vote committee of the Federal Reserve: High interest rates still need to be maintained for a longer time. The rate cut may not be as fast!
- UBS has raised its US stock target price twice within three months: another 6% increase within the year
- If CPI is not enough, how about adding PPI? Wall Street Disbelieves the Federal Reserve: Bets on Interest Rate Reductions within the Year Return Twice
-
北京新東方沃凱徳文化創意有限公司がこのほど設立され、インターネット販売、デジタル創意製品展示サービス、デジタル文化創意ソフトウェアの開発、観光開発プロジェクトの企画コンサルティングなどの経営範囲が含 ...
- hecgdge4
- 前天 17:29
- 支持
- 反对
- 回复
- 收藏
-
三星電子は火曜日、日本の人工知能会社Preferred Networks(PFN)から注文を受け、2ナノメートルのOEM技術と先進的なチップパッケージサービスを用いて同社の人工知能チップを製造することを確認した。 PFN副社長兼 ...
- 内托体头
- 昨天 17:17
- 支持
- 反对
- 回复
- 收藏
-
7月8日、富邦華一銀行の公衆番号はシティバンク(中国)(以下「シティチャイナ」)から個人向けクレジットカードの売掛金と無担保ローンの譲渡完了公告を発表し、シティカードの売掛金が富邦華一銀行に振り込まれ ...
- 孤独的男孩
- 昨天 12:20
- 支持
- 反对
- 回复
- 收藏
-
このAIの波は、英偉達を神壇に送るだけでなく、集積回路のOEM大手の台積電を兆ドルのクラブにも送った。 米国時間7月8日、米株取引時間中、台積電ADRは1.4%上昇し、186.63ドルで取引を終えた。7月9日、台湾株の台積 ...
- hecgdge4
- 昨天 15:08
- 支持
- 反对
- 回复
- 收藏