No Data
No Data
No Data
No Data
No Data
Powell is more worried about high inflation than the employment situation.
During the Fed news conference, what was surprising was Powell's view of economic risks. Powell is optimistic. The Fed's adoption of a new framework and waiting for the direction of actual inflation can be seen as a formal manifestation of Powell's optimism. Overall, Powell is optimistic that unemployment will fall rapidly along with inflation. But of the two, he (and many other members of the FOMC seem to be) are more focused on the risk of excessive inflation than the risk of labour market losing momentum before the goal of full employment is achieved.
新浪財經Jun 17, 2021 22:14
JPMorgan Chase: the Fed's adjustment of managed interest rates is not a panacea for the money market
JPMorgan strategists Teresa Ho, Alex Roever and Ryan Lessing said in a report on June 16 that while the Fed's adjustment of the interest rate on excess reserves and the reverse repo agreement (RRP) rate have eased the downward pressure on short-end interest rates, the imbalance between supply and demand still exists and "is likely to continue to intensify in the medium term." Strategists say, "technological adjustment is not a panacea for money markets." Although the Fed has begun to discuss the reduction of stimulus measures, the actual timing is "far from certain". At the same time, reserve growth, deposit creation and management, and money funds
新浪財經Jun 17, 2021 21:37
No Data
No Data