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Offline mystery-ak

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Fed expected to pause 15-month rate hike campaign this week, survey shows
« on: June 11, 2023, 04:12:04 pm »
June 11, 2023 3:14pm EDT
Fed expected to pause 15-month rate hike campaign this week, survey shows
Fed seen ending its interest rate hike campaign at June meeting, survey shows

By Megan Henney FOXBusiness

A majority of economists expect the Federal Reserve to pause its interest-rate hike campaign next week for the first time in 15 months, despite underlying signs of inflationary pressures within the economy.

That's according to a new survey conducted by Bloomberg, which showed that most economists anticipate the Federal Open Market Committee (FOMC) will hold rates steady at its June 13-14 meeting.

Fed Chair Jerome Powell has hinted the central bank will likely forgo a rate increase in June in order to give policymakers time to evaluate the broader economic impact of 10 consecutive hikes.

"Having come this far, we can afford to look at the data and the evolving outlook and make careful assessments," Powell said during a Fed research conference in May.

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https://www.foxbusiness.com/economy/fed-expected-pause-month-rate-hike-campaign-next-week-survey-shows
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Online Wingnut

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Re: Fed expected to pause 15-month rate hike campaign this week, survey shows
« Reply #1 on: June 11, 2023, 04:32:12 pm »
Screw the pause.  How about a reduction.
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Offline libertybele

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Re: Fed expected to pause 15-month rate hike campaign this week, survey shows
« Reply #2 on: June 11, 2023, 04:45:36 pm »
Quote from: Wingnut on June 11, 2023, 04:32:12 pm
Screw the pause.  How about a reduction.

 :yowsa:
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Offline Kamaji

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Re: Fed expected to pause 15-month rate hike campaign this week, survey shows
« Reply #3 on: June 11, 2023, 05:51:52 pm »
Quote from: Wingnut on June 11, 2023, 04:32:12 pm
Screw the pause.  How about a reduction.

That'll goose inflation.
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Online Drago

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Re: Fed expected to pause 15-month rate hike campaign this week, survey shows
« Reply #4 on: June 12, 2023, 12:10:52 am »
Quote from: Wingnut on June 11, 2023, 04:32:12 pm
Screw the pause.  How about a reduction.
Nope, the Fed funds rate was too low for waaay too long....need at least another 300 basis points right away (7.25%+) to get a handle on inflation. According to the "Taylor Rule" and past poor performance by the Fed (Dot Com bubble, 2008 housing bubble, etc....Fed funds rate should have gone up from zero no later than late 2010).

https://www.investopedia.com/articles/economics/10/taylor-rule.asp

https://www.atlantafed.org/cqer/research/taylor-rule

https://fred.stlouisfed.org/series/fedfunds
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