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Five signs the Fed's pivot is underway before even a single rate cut

Federal Reserve policymakers have signaled they won't cut U.S. interest rates just yet; economists think they will wait until June, given ongoing strength in household spending and uncertainty over the economic outlook, and market bets now point to the April 30-May 1 policy meeting. But U.S. central bankers, who have kept the Fed's benchmark overnight interest rate in the 5.25%-5.50% range since last July, have already begun the pivot to easier policy. The turn in communications may ...
San Francisco United States Austan Goolsbee Jerome Powell Gregory Daco Lorie Logan
Source: yahoo.com

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Marketmind: BOJ struggles with a deflationary state of mind

That felt like a long wait for a two-page policy statement, and in the end the Bank of Japan (BOJ) hardly altered anything. With that in mind, the median board member forecast for consumer prices (CPI) ex-fresh food in fiscal year 2024 did drop to 2.4%, from 2.8% last October. The forecast then falls to 1.8% for fiscal 2025, while CPI ex-fresh food and energy is put at 1.9%.
Hong Kong United States Kazuo Ueda Wayne Cole Edmund Klamann Lockheed Martin
Source: yahoo.com

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