Cleveland Fed President Mark Hammarck dissented at the third Fed meeting, where she only participated in decision-making. She opposed the idea that interest rates had to be cut due to market expectations at the time, and said her objection was supported by Powell and other colleagues. Click to view > >
Federal Reserve meeting notes: Staff believe US President-elect Trump's trade policies will lead to high inflation in 2025.
The market is about to usher in the last piece of the puzzle before the Federal Reserve meeting - CPI, how will the data affect the expectation of interest rate cuts? The big change in the situation in Syria over the weekend has shaken the main line of oil prices?
Some participants said easing could accelerate if the labor market weakens or economic activity falters.
Fed meeting notes: Staff noted that lowering the overnight reverse repo rate by five basis points would bring it in line with the bottom of the target range for the federal funds rate and could put some downward pressure on other money market rates.
Fed meeting notes showed that some participants thought downside risks to the job market and the economy had diminished. Participants expected a gradual shift to a more neutral stance, with almost all agreeing that the risks to achieving the dual-mandate objective were roughly balanced. Many participants thought the risks of an overly cooling job market had diminished since the September meeting.
Some participants said the Fed could pause easing and keep policy rates at restrictive levels if inflation remains high, Fed meeting notes showed. Easing could accelerate if the labor market weakens or economic activity falters. Many participants at the Fed's Nov. 6-7 meeting said uncertainty about the level of the neutral interest rate made it appropriate to gradually reduce policy restrictions.
Federal Reserve meeting notes: Some participants said they preferred a 25 basis point rate cut at the September meeting, while a few said they might support such a move. All officials supported a rate cut at the September meeting.
The Fed meeting notes that a 50 basis point cut is expected to bring rates "better in line" with the economy. Some participants said a 25 basis point cut could mean a more predictable path to normalisation.
On October 10, meeting notes said that officials agreed that the sharper rate cut passed by the meeting should not be taken as a signal of concern about the economic outlook or that the Federal Reserve is ready to cut rates quickly. Officials who commented on the restrictive extent of monetary policy believed that monetary policy is restrictive, although they held a range of different views on the degree of restrictiveness. Participants also stressed that it is important to communicate. The impo...
The Fed meeting notes that downside risks to employment are seen to have increased.
The CICC Research Report said that the overall tone of the Federal Reserve meeting was dovish, and several adjustments to the wording hinted that the September interest rate cut was approaching. However, we also stressed that being able to cut interest rates does not mean that it will be cut many times, which is also the "particularity" of this round of interest rate cuts determined by this round of US economic cycles. It is precisely because of the above particularities that compared with previ...
The countdown to the Federal Reserve meeting has entered! Is a September interest rate cut finally in sight? Will Powell meet market expectations tonight?
The countdown to the Federal Reserve meeting has entered! Is a September interest rate cut finally in sight? Will Powell meet market expectations tonight?
1. Fed meeting notes: If inflation remains high or rises further, it may be necessary to raise interest rates. 2. "Fed Messenger": Fed officials hinted that they are not in a hurry to cut interest rates. 3. Shanghai: Cooperate with the central financial management department to carry out bond business innovation and establish a central-local bond regulatory coordination and default risk prevention and resolution mechanism. 4. Panda bond issuance continues to expand, highlighting investment oppor...