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The Federal Reserve won't cut interest rates this year! Barron's: The policy lessons of the 1970s were heavy, and there was no need to lower interest rates to stimulate employment
Barron's said that the Federal Reserve is studying the policy lessons of the 1970s and expects that the bank will not cut interest rates this year.
The Federal Reserve needs more evidence to confirm that the path to cooling inflation is unlikely to cut interest rates in the short term
This week, Federal Reserve officials received evidence that inflation continues to fall (albeit fluctuating), but policymakers are unlikely to change their positions where more evidence is needed. The Zhitong Finance App learned that government data released on Friday showed that the basic inflation index preferred by the Federal Reserve cooled down last month, and the growth rate was the slowest since this year. Additionally, consumers cut spending in April as the economy grew slower than expected in the first quarter. These reports paint a picture of a moderate economic slowdown, which is what policymakers want to see, and dispels concerns about a renewed acceleration in price growth. But officials may look for it after the next few weeks of meetings
With speculations about the Fed cutting interest rates raging, can short-term relief save the US economy?
The US economy is facing an escalating debt crisis, which has raised concerns about the sustainability of growth and economic health. As the government borrowed heavily to finance various projects, questions about the country's long-term financial stability also followed.
On Friday, the amount of use of the Federal Reserve's overnight reverse repurchase agreement was US$439.806 billion, compared to US$452,034 billion in the previous trading day.
On Friday, the amount of use of the Federal Reserve's overnight reverse repurchase agreement was US$439.806 billion, compared to US$452,034 billion in the previous trading day.
The Atlanta Federal Reserve's GDPNow model predicts the US GDP growth rate of 2.7% in the second quarter, compared with the previous forecast of 3.5%.
The Atlanta Federal Reserve's GDPNow model predicts the US GDP growth rate of 2.7% in the second quarter, compared with the previous forecast of 3.5%.
US stock morning market | The three major indices had mixed ups and downs. After Dell's results, it fell more than 19%, and Mywell Technology fell more than 9%
The US core PCE price index rose 0.2% month-on-month in April, indicating that the basic US inflation index slowed down in April.
The US Chicago PMI for May was 35.4, a new low since May 2020. The forecast was 41, and the previous value was 37.9.
The US Chicago PMI for May was 35.4, a new low since May 2020. The forecast was 41, and the previous value was 37.9.
Inflation is cooling down! PCE data for April was positive again. Traders expect to cut interest rates at least once this year
After the anti-inflation trend in the first quarter was thwarted, this report can at least provide some comfort to Federal Reserve officials about the path of inflation.
Institutions: The Federal Reserve can no longer focus solely on inflation
GLONGHUI, May 31 | Brian Jacobson, chief economist at Annex Wealth Management, said that both revenue and expenditure data were slightly weaker than expected. Personal disposable income, adjusted for inflation, has remained flat since February. The Federal Reserve can't just focus on inflation. The way consumers spend their money is changing rapidly. In the past, they spent a lot of money as if tomorrow didn't exist, but now they can save even a penny to spend it.
PCE data boosts confidence that the Federal Reserve will cut interest rates! Gold returns to the 2350 mark
After the anti-inflation trend in the first quarter was thwarted, this report can at least provide some comfort to Federal Reserve officials about the path of inflation.
After the US PCE data was released, the US dollar index DXY fell by nearly 20 points in the short term and is now reported at 104.45. Non-US currencies generally rose. EUR/USD rose 20 points against the US dollar to 1.0873; GBP/USD rose 25 points against
After the US PCE data was released, the US dollar index DXY fell by nearly 20 points in the short term and is now reported at 104.45. Non-US currencies generally rose. EUR/USD rose 20 points against the US dollar to 1.0873; GBP/USD rose 25 points against the US dollar to 1.2731 in the short term; the US dollar fell 20 points against the US dollar and USD/JPY in the short term to 156.95.
The inflation indicator favored by the Federal Reserve cools down and personal spending falls unexpectedly
GRONGHUI, May 31 | Data shows that the index favored by the Federal Reserve to measure potential inflation in the US slowed in April. This is a step in the right direction for policymakers. Currently, they are seeking confidence that they can start cutting interest rates. The US core PCE price index recorded a monthly rate of 0.2% in April, lower than expected (0.3%). Economists believe that the core index reflects inflation better than the overall index. In addition, the monthly rate of personal spending in the US recorded 0.2% in April, a sharp drop from 0.8% in the previous month.
After the US PCE data was released, pricing in the interest rate swap market remained stable, and the Federal Reserve is expected to cut interest rates at least once in 2024.
After the US PCE data was released, pricing in the interest rate swap market remained stable, and the Federal Reserve is expected to cut interest rates at least once in 2024.
US short-term interest rate futures rose after US data was released, as traders increased their bets on the Fed's interest rate cut.
US short-term interest rate futures rose after US data was released, as traders increased their bets on the Fed's interest rate cut.
The probability that the Federal Reserve will keep interest rates unchanged in June before PCE is announced is 98.9%
GLONGHUI, May 31 | According to CME's “Federal Reserve Watch”, the probability that the Federal Reserve will keep interest rates unchanged in June is 98.9%, and the probability of raising interest rates by 25 basis points is 1.1%. The probability that the Federal Reserve will keep interest rates unchanged until August is 86.8%. The probability of cutting interest rates by 25 basis points is 12.3%, and the probability of raising interest rates by 25 basis points is 1.0%.
Cleveland Fed economists warn: Inflation to return to 2% or it will take 3 years!
Cleveland Federal Reserve economists say that the remaining factors that currently keep inflation high are “very stubborn.”
J.P. Morgan: Watch out! US liquidity begins to dry up
The J.P. Morgan analyst team believes that liquidity has entered a “period of moderate contraction”, posing a challenge to the development of risk assets.
Today, the whole world is watching the US PCE! The Federal Reserve's favorite measure of inflation may show...
Inflation is taking a small step towards the level that policymakers hope, and a report due to be released on Friday (May 31) is expected to show more slow progress.
PCE is about to launch a “critical war”, and gold needs to cross this resistance to get out of trouble
The Federal Reserve's favorite inflation indicator is here, and the market's interest rate cut expectations will have to be reshuffled again? The key for gold bulls to regain control is...
Zumper: The 1.2% month-on-month increase in US rents in May may cause CPI to face greater pressure in the near future
Greenhui, May 31 | Zumper US Rent Index shows that US one-bedroom rents (median, same below) rose 1.2% month-on-month to 1504 US dollars in May, and the year-on-year growth rate rose to 0%; two-bedroom rents rose 1.2% month-on-month to 1,865 US dollars, and the year-on-year growth rate rose to 0.5%. This is the first time in 20 months that rents have increased by more than 1% month-on-month. Zumper said that rising rents and ongoing inflationary pressure indicate that the CPI decline is under greater pressure in the short term, and expectations of interest rate cuts may be further delayed.