Fed Holds Rates Steady, Chair Powell Press Conference #business

Fed Holds Rates Steady, Chair Powell Press Conference #business

Win Your Next Pageant

Get Pageant Questions Written By A Miss Universe Judge








The Federal Reserve held interest rates steady for the fourth straight meeting and signaled its openness to cutting them, though not necessarily right away. In a statement issued after their two-day meeting, Fed officials dropped their previous assertion that a rate hike was possible and instead adopted a more even-handed assessment of the future policy path. The decision to leave the target range for the benchmark federal funds rate unchanged at a 22-year-high of 5.25% to 5.5% was unanimous. 

Read more:

#business #politics #economy #bloomberg #markets #fed

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance:
Visit for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with us on…
Twitter:
Facebook:
Instagram:
LinkedIn:
TikTok:

Connect with Bloomberg Television on:
Twitter:
Facebook:
Instagram: ..(read more at source)



ON SALE: Pageant Resale

PRACTICE: Pageant Questions

VIEW MORE: Miss USA Videos

LEARN ABOUT OTHER: Beauty Pageants

See also  Miss Earth USA - Libby Hill on Protecting Habitats

About the author: Pageant Coach

Related Posts

29 Comments

  1. With nearly half of my stock holdings in a tech stock at an all-time high, I've sold and now have around $400k. Considering potential inflation, should I invest in ETFs or wait for a market correction?

  2. US debt now USD36trillion global debt over USD500trillion inflated on insane near zero interest rates that fueled mad planet destructive economic/demographic/military growth wars over depleting resources land water food religion power that fuels poverty hunger deprivation exploitation=more migrants & climate change fallout

  3. At the current speed of FED it will not take around 5 years just to cut to the level that all this clowns want to reduce the rates. And that will not happen, lets be honest, this rates will not go down again, at least not until another 2008 happen, that was the only reason why this rates where so low, actually we are in a very normal rate, 5.3% is not a bad rate for any kind of loan.
    The problem is not the rates, the problem is all this BS aobut the inflation go away, the inflation NEVER go away, only the acceleration how it grows comeback to normal level, and that doesnt matter at all, because we already have around 15 to 20% inflation accumulated during the past 4 years, this means that it will take around 5 to 7 years on -3% inflation just to comeback to normal!! we all know that will never happen without a big dissaster.
    Imagine that prices are like water, and we all are in a big pool and someone start fill it up using a pump to a level where you can barely keep your head out of the water, than they shutdown the pump, and now they have a couple of guys filling using buckets one at the time.
    Does that means the water will get lower? NO is not! and it will never be unless you find a way to DRAIN that water down, is the same for the prices either buy people making more money or companies reducing the prices, there is no workaround from this.
    So just stop bitching about it and wait, the free money times are gone and they will never comeback probably in our lifetime, this is ridiculous, this self promoted "experts" should at least grow up and act like adults instead of a bunch of clowns promising things that will never happen.

  4. Am I the only one to realize that the two stated goals of the Fed… maximum employment and minimum inflation… are conflicting goals? We have inflation when demand exceeds supply resulting in too much money chasing too few goods and services. We have maximum employment when demand exceeds supply and companies hire everyone they can… and have to pay more to get employees. So, there's an ideal point where we get the maximum employment for the minimum desirable inflation rate.

    I think the Fed has been handicapped over the past several years by the tremendous fiscal policies that started during the pandemic and were unnecessarily extended by the unnecessary stimulus, the so-called "Inflation Reduction Act" which was a boondoggle spending bill, and the effective (if presumptively temporarily) elimination of the debt ceiling. While the Fed has been tightening, the Congress has been spending… one foot on the brake by the Fed, one foot on the gas by Congress and the current administration.

    If the Fed is serious about controlling inflation, it will not cut interest rates until demand decreases to meet supply. This means the economy will have to slow down. How much is the question; will we have a soft landing or a hard landing? When you look at commercial rental levels, the rising credit card debt, the layoffs by tech companies being announced, the housing market that has decreased activity due to high interest rates… it seems obvious that the economic boom has been built on stimulus and credit, and both of those things are coming to an end. The US has had quite a party on other peoples' money (the T-bill purchasers) and we're going to have quite a hangover. The only question is, when does reality start to bite? Because the Fed will only cut interest rates when it has to because of an economic slowdown that exceeds what is needed to drop inflation to 2%.

    In the meantime, prices have risen almost 20% in the past couple of years, and as long as we have inflation, even if it's disinflation, instead of deflation, prices will continue to rise… just not as quickly. IMO that rules out a soft landing, and also rules out an end to inflation. Cutting rates would only restart the inflation fire. So, what will likely happen is that the economy will hit the wall, 2008-style. Then, and only then, will we see an interest rate cut.

  5. Finally, finally timed something right. Sold most of my positions a few days ago – expecting a 'bit' of a correction in the very near term.

Leave a Reply

Your email address will not be published. Required fields are marked *