The hawkish stance of the Federal Reserve has softened! Director Bauman: Interest rate hikes may have ended but it's not yet time to cut rates
紫气东送
发表于 2024-1-9 14:59:26
1259
0
0
As one of the most steadfast hawks within the Federal Reserve, Director Bauman slightly adjusted his monetary policy stance on Monday. She said that the interest rate hike may have ended, but she is not yet ready to start cutting rates.
During a private event in South Carolina, Bauman pointed out that the Federal Reserve has made progress in combating inflation and stated that short-term interest rates should continue to be maintained at current levels.
"Based on this progress, my view has shifted to considering the possibility that policy interest rates will continue to remain at current levels for a period of time, leading to a further decrease in inflation rates," she said.
"If over time inflation continues to fall close to our target of 2%, then starting to lower policy interest rates to prevent policies from becoming too restrictive will ultimately be appropriate."
"In my opinion, we haven't reached that point yet. The important risk of upward inflation still exists," she added.
She said, "There is a risk that the recent easing of financial conditions will accelerate economic growth again, hindering the process of reducing inflation and even causing inflation to accelerate again." She added that a strong labor market may lead to core service sector inflation remaining high.
Further interest rate hikes are not ruled out
As a Federal Reserve director, Bauman has permanent voting rights on monetary policy in the Federal Open Market Committee (FOMC). Prior to this speech, she had repeatedly stated that further interest rate hikes may be needed to address inflation issues.
At last month's meeting, the Federal Reserve kept the benchmark federal funds rate unchanged in the current target range of 5.25% -5.5%. In addition, the dot matrix chart reflecting the interest rate path suggests that there may be three interest rate cuts of 25 basis points in 2024.
However, the minutes of the Federal Reserve meeting released last week did not provide a possible timetable for interest rate cuts, and officials stated that there is "high uncertainty" about how the situation will evolve. Federal Reserve officials believe that interest rates may be at the peak of this round of monetary policy tightening cycle, but they do not rule out the possibility of further rate hikes.
Bauman stated that policymakers will continue to monitor developments rather than being limited to a specific policy path.
"When considering changes in future policy stance, I will remain cautious," she said, adding that if inflation data reverses, "I still support raising the federal funds rate at future meetings."
The Federal Reserve will hold another meeting from January 30th to 31st, and the market expects the central bank to maintain interest rates unchanged during this meeting, and then begin cutting interest rates in March. According to CME's FedWatch tool, market pricing shows that the Federal Reserve will cut interest rates a total of 150 basis points this year, or six times.
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
- Tesla responds to FSD's entry into China: there is currently no timetable
- Baidu's US stock market rose nearly 5% before trading, and the official has not responded to rumors of cooperation with Tesla
- The details of Aichi's "resurrection" have surfaced: payment of over 14 million yuan in unpaid wages to the "shell company" in three installments remains unresolved
- 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 hawkish regulator of the European Central Bank: Future policies will depend on data, and the Federal Reserve is an undeniable factor
- Gold has not yet reached the ceiling! Three well-known 'big bears' are making big bets
- Suddenly appearing on the streets of China! Musk has stated that it is difficult to legally drive in China, and the brand claims that it has not been sold yet
- Boeing proposes a 35% salary increase! The new contract has not yet been voted on, but investors' financial concerns have arisen
- We haven't reached an agreement yet! The strike continues, and Boeing's stock price has fallen by about 40% this year
- The Federal Reserve may not have received what it wanted the most, but PCE data is not enough to change the outcome of this month's interest rate cuts
-
【英偉達の需要が高すぎる?SKハイニックス:黄仁勲がHBM 4チップの6カ月前納入を要求!】SKハイニックスの崔泰源(チェ・テウォン)会長は月曜日、インビダーの黄仁勲(ファン・インフン)CEOが同社の次世代高帯域 ...
- 琳271
- 前天 17:54
- 支持
- 反对
- 回复
- 收藏
-
ファイザーが前立腺がんを治療する革新薬テゼナ& ;reg;(TALZENNA®,一般名:トルエンスルホン酸タラゾールパーリカプセル)は2024年10月29日に国家薬品監督管理局(NMPA)の承認を得て、HRR遺伝子突然変異 ...
- 什么大师特
- 昨天 17:41
- 支持
- 反对
- 回复
- 收藏
-
南方財経は11月5日、中央テレビのニュースによると、現地時間11月5日、米ボーイング社のストライキ労働者が59%の投票結果で新たな賃金協定を受け入れ、7週間にわたるストライキを終えた。ストライキ労働者は11月12 ...
- Dubssgshbsbdhd
- 昨天 16:27
- 支持
- 反对
- 回复
- 收藏
-
【マスクはテスラが携帯電話を作ることに応えた:作れるが作らないアップルとグーグルが悪さをしない限り】現地時間11月5日、有名ポッドキャストのジョローガン氏のインタビューに応じ、「携帯電話を作るのは私たち ...
- 波大老师
- 昨天 14:41
- 支持
- 反对
- 回复
- 收藏