Can imagine a scenario of zero cuts to several cuts this year

The post Can imagine a scenario of zero cuts to several cuts this year appeared on BitcoinEthereumNews.com. Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference. Key takeaways “Path ahead is going to depend on the economy.” “I can imagine a scenario of zero cuts to several cuts this year, depending on how the economy evolves.” “Data in labor market shows gradual normalization.” “We are back to closer to even focus on two mandates.” “We don’t think of labor market as it is currently as a likely source of inflation pressures.” “That’s why I don’t want to see excess cooling in the labor market.” “We have made real progress on inflation, growing confidence on a path to 2%.” “If we see something that looks like a significant downturn in labor market, we would respond.” “Data we have been seeing in labor market has been consistent with normalization process.” Inflation FAQs Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%. The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results…

Aug 1, 2024 - 02:00
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Can imagine a scenario of zero cuts to several cuts this year

The post Can imagine a scenario of zero cuts to several cuts this year appeared on BitcoinEthereumNews.com.

Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference. Key takeaways “Path ahead is going to depend on the economy.” “I can imagine a scenario of zero cuts to several cuts this year, depending on how the economy evolves.” “Data in labor market shows gradual normalization.” “We are back to closer to even focus on two mandates.” “We don’t think of labor market as it is currently as a likely source of inflation pressures.” “That’s why I don’t want to see excess cooling in the labor market.” “We have made real progress on inflation, growing confidence on a path to 2%.” “If we see something that looks like a significant downturn in labor market, we would respond.” “Data we have been seeing in labor market has been consistent with normalization process.” Inflation FAQs Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%. The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results…

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