Page 29 - Fomc News Today

Federal Reserve Governor Christopher Waller said he favored more monetary policy tightening to reduce persistently high inflation, although he said he was prepared to adjust his stance if needed if credit tightens more than expected.

Federal Reserve policymakers scaled back their expectations for rate hikes this year after a series of bank collapses roiled markets last month, and stressed they would remain vigilant for the potential of a credit crunch to further slow the economy, a record of the meeting showed.

Federal Reserve staff are projecting that the banking crisis would trigger a recession later this year, minutes from the March FOMC meeting show.

Federal reserves target a lot closer than the high of 9.1% that we had last june, but not close enough to that 2% range and so you know, were still a number of days out from the next fed meeting. as we know a lot can happen in the day, not to mention a few weeks. but right now, you know, the expectation is that the fomc is likely to raise rates by one quarter of 1% at that meeting, you know, so much of the economy is hopes and fears right and the new york feds latest survey shows that consumer i...

Buried in Jerome Powells comparatively banal announcement that the Federal Reserve would be raising interest rates by a quarter of a percentage point came the real revelation. Even after the spectacular collapse of Silicon Valley Bank, not one voting member of the Federal Open Market Committee anticipates interest rates falling below 4% next year or 3% in 2025.

Fighting the Fed is a bad idea on Wall Street. It can be harmful to traders and investors who do just that.

The Federal Reserve Bank of Atlanta President said the central bank’s main job must remain focused on getting inflation lower

The Fed’s decision to raise rates is likely to put more pressure on regional banks, which will make it harder to avoid a recession.

Outflows continued as Refinitiv Lipper reported $427.082 million was pulled from municipal bond mutual funds in the week that ended Wednesday after $461.123 million of outflows the week prior.

A flawed model, bad judgment, insufficient diversity of thinking and a lapse in risk management. This time the result was inflation.