The call for a pause in interest rate hikes is increasing! Federal Reserve Chairman Huck reiterated his preference for maintaining interest rates unchanged
白云追月素
发表于 2023-10-20 12:48:53
231
0
0
Philadelphia Fed Chairman Patrick Harker said on Thursday that despite slightly faster than expected economic growth, the Fed should still maintain interest rates unchanged.
We are at a stage where we can maintain interest rates at the current level, "Huck said in a speech to the Chartered Institute of Financial Analysts. So far, the evolution of the economic and financial situation has roughly met my expectations, but I am closely monitoring the latest data, which is slightly stronger than my benchmark forecast
He specifically mentioned strong consumer spending, calling it "a bit of a headache". He stated that although his contacts in the retail industry reported that consumers have become more cautious, data from the government shows that households are not stingy with spending.
On Tuesday, data released by the US Department of Commerce showed that retail sales were very hot in September. The retail sales in the United States in September were $704.9 billion, an increase of 0.7% from the previous month, higher than the market's expected growth of 0.3%. The August data also showed a revised up of 0.8% growth, indicating that consumer demand remains resilient.
Huck listed various risks facing the economic outlook, from student loan recovery payments and commercial real estate difficulties to rising bond yields and Middle Eastern conflicts.
Overall, I believe that the current situation indicates that allowing policy interest rates to remain stable is a cautious stance, "he said. A firm and patient monetary policy stance will enable us to achieve the economic soft landing that we all hope for
However, in the Q&A session after the speech, Huck stated that he hopes to place a "triple bet" on the idea that interest rates will remain high for a period of time to help inflation fall to the Federal Reserve's target of 2%. We are achieving our inflation target, but we have not yet achieved it, "Huck said.
On Tuesday, Huck stated that the Federal Reserve should extend the pause in rate hikes and determine whether the rapid rate hikes of the past 20 months have been sufficient to curb inflation.
Huck had the right to vote at this year's FOMC meeting, and as decision-makers considered the next steps, as a voting committee member, his statement was quite significant.
Several officials tend to remain silent
The last time the Federal Reserve raised interest rates was in July, raising the target range for the federal funds rate to 5.25% -5.5%, a 22-year high. At the September meeting, the Federal Reserve stood still. Recently, several Federal Reserve officials have expressed their hope to maintain interest rates unchanged at the next meeting.
On Thursday, Federal Reserve Chairman Powell delivered an important speech at the New York Economic Club.
His series of comments indicate that the Federal Reserve will once again remain silent at its next meeting, but at the same time indicate that if policymakers see further signs of strong economic growth, they may raise interest rates again.
Federal Reserve Governor Waller stated on Wednesday that before making an interest rate decision, the Federal Reserve can wait, observe, and wait, as well as collect more economic data. This indicates that he also supports temporarily maintaining interest rates unchanged in the next interest rate resolution.
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
- The Federal Reserve's "Eagle King" has said: this year may only cut interest rates once, at most twice!
- 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
- 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!
- The clearest signal so far that the Federal Reserve has "explicitly" cut interest rates in September!
- Federal Reserve Bostic: It may be time to cut interest rates, but still hopes to see more data
- Interest rate cuts are imminent! Inventory of market performance after previous Fed interest rate cuts
-
9月が終わり、映画・テレビ業界が暗躍している。最近、愛奇芸の創始者でCEOのGONG宇氏は、映画・テレビ業界が長短の変化、AIの変化、中国映画・テレビドラマの海外進出の変化の3つの変化を経験していると発表した。 ...
- 寒郁轩良
- 2 小时前
- 支持
- 反对
- 回复
- 收藏
-
8月のトヨタ自動車(ダイハツ自動車と日野自動車を除く、レクサスを含む)の世界生産台数は前年同月比11.2%減の709571台、世界販売台数は前年同月比3.1%減の826863台だった。 日本本土市場では、トヨタ自動車の8月 ...
- SOGO
- 前天 18:03
- 支持
- 反对
- 回复
- 收藏
-
ネットワーク状況監視サイトDownDetectorによると、オーディオストリーミングプラットフォームSpotifyは日曜日に約3時間にわたる障害を経験した後、正常に回復し、ピーク時には米国の4万人以上のユーザーに影響を与 ...
- hecgdge4
- 6 小时前
- 支持
- 反对
- 回复
- 收藏
-
百済神州(688235.SH)はA株の有名な革新薬企業で、2017-2024年上半期、同社の各期の研究開発投資はA株の化学製薬会社(申万二級)の中で最も高く、研究開発費用は合計600億元を超えた。 しかし、百済神州にとって ...
- wylz8473
- 昨天 18:36
- 支持
- 反对
- 回复
- 收藏