Federal Reserve Bostek: We can't raise interest rates anymore, but the rate cuts will be delayed until later next year
阿豆学长长ov
发表于 2023-10-21 06:47:06
256
0
0
On Friday (October 20th) local time, Atlanta Fed Chairman Bostick stated that he expects the Fed to cut interest rates only later next year.
Bostek said in a media interview on Friday that the Federal Reserve still has a lot of work to do before achieving the 2% inflation target.
Since March last year, the Federal Reserve has raised interest rates 11 times, with a cumulative increase of 525 basis points. The federal funds rate has been raised to a 22-year high of 5.25% -5.5%.
When asked about the timeframe for the first rate cut by the Federal Reserve, Bostick replied, "I would say later in 2024
Bostek stated that he believes policymakers will not relax policies soon, but interest rates have already reached sufficiently strict levels and there is no need to raise them again.
However, Bostek warns that bringing inflation back to an acceptable level may be a long road ahead. He said, "There is still a lot of momentum in the economy. I think inflation will decrease, but it will not plummet like a cliff. This will be a process that will take some time. Therefore, we must be cautious and patient, but we must be resolute
Bostek is not a voting member of the Federal Open Market Committee (FOMC) this year, but will receive voting rights next year.
Bostek predicts that the Federal Reserve will not cut interest rates before the middle of next year. He said, "I do try to get people to pay attention to the inflation rate. Currently, the inflation rate is still 3.7%, and our goal is 2%. They are different. We must be closer to 2% before we can consider any form of relaxation
Central bank officials, including Federal Reserve Chairman Powell, have recently issued a series of speeches, most of which have expressed their readiness to keep interest rates unchanged at the next interest rate meeting. Market pricing shows that investors believe the possibility of the Federal Reserve raising interest rates at the next interest rate meeting has disappeared, and the likelihood of a rate hike in December is only 25%.
The market expects the Federal Reserve to cut interest rates two to three times by the end of 2024, with a rate reduction of 25 basis points. One reason the Federal Reserve may consider turning is a slowdown or even recession in economic growth.
Bostek stated that he does not expect an economic recession in the future, but the situation is indeed changing. He revealed that business people told themselves that they were preparing for an economic recession.
We will not see an economic recession, which is not within my expectations. We will see an economic slowdown and inflation will decrease to 2%, "Bostick said
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
- 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
- Can the Federal Reserve cut interest rates twice before the end of the year? Traders are becoming increasingly uncertain
-
【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
- 昨天 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
- 4 小时前
- 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
- 6 小时前
- 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
- 7 小时前
- 支持
- 反对
- 回复
- 收藏