Central Bank Watch – Powell, ECB and BoE Speakers at Riksbank

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  • #50728
    TradersCom
    Keymaster

    Minutes from the December 13-14 FOMC meeting

    Highlights:

    Participants observed that slowing hikes would allow to assess progress on inflation and employment
    Participants stressed that it would take substantially more evidence of progress to be confident that inflation was on a sustained downward path
    No participants anticipated that it would be appropriate to begin reducing the federal funds rate target in 2023
    Participants continued to anticipate that ongoing increases in the target range for the federal funds rate would be appropriate
    Participants reaffirmed their strong commitment to returning inflation to the Committee’s 2 percent objective
    October and November showed welcome reductions in the monthly pace of price increases, but they stressed that it would take substantially more evidence of progress to be confident that inflation was on a sustained downward path
    Participants generally noted that the uncertainty associated with their economic outlooks was high and that the risks to the inflation outlook remained tilted to the upside

    #50795
    TradersCom
    Keymaster

    Fed’s Bostic:
    Inflation is ‘biggest headwind’ to the US economy
    Officials remain determined to beat inflation
    Much work to do, despite signs of prices moderating
    Fed is committed to using tools to lower inflation

    #50409
    TradersCom
    Keymaster

    We kicked off 2023 with no surprises from the FOMC Minutes from the December meeting which were followed up a barrage of Fed Speakers with continued t
    [See the full post at: Central Bank Watch – Powell, ECB and BoE Speakers at Riksbank]

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