News list for "Fomc"
The FOMC's permanent voting committee and New York Federal Reserve President Williams will make an opening statement at an event in ten minutes.
The 2027 FOMC voting committee, San Francisco Federal Reserve President Daly, and Federal Reserve Governor Coogler have been invited to participate in a monetary policy panel discussion to be announced in ten minutes.
QCP Capital posted on its official channel that the hawkish FOMC triggered a sharp drop in all risk assets. Nasdaq plunged 3.56%, the S & P 500 Index fell 2.95%, and Bitcoin fell 6.13%. While the Fed's 25 basis point rate cut was in line with expectations, the root of the panic can be blamed on the dot-plot cuts. Due to persistent inflation, the Fed now expects two rate cuts in 2025, compared to the market's consensus expectation of three.
Deutsche Bank released a report on this week's FOMC meeting, which noted that the Fed meeting reinforced our underlying view that the skip (rate cut) at the January meeting could turn into an extended pause (rate cut) in 2025. We continue to believe that the nominal neutral rate is around 3.75% and that it is necessary for the Committee to remain restrictive relative to that level. We therefore reiterate our view that next year the Federal...
"We don't need to have a sense of urgency," Mary Daly, chairperson of the San Francisco Fed and a member of the 2024 FOMC voting committee, told PBS's "News Hour" program on Wednesday. "There is no sense of urgency, but we do need to continue to carefully adjust our policy to make sure it's consistent with our economy today and the economy we expect to have going forward." She added that policymakers will discuss the best options at the Federal Reserve's December 17-18 meeting in Washington.
Daley, the chairperson of the San Francisco Fed and the 2024 FOMC voting committee, will be interviewed in ten minutes.
Federal Reserve Goolsbee: With interest rates approaching R *, it would be reasonable for the FOMC to slow the rate cut.
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