DislikedBS market . Change the rhetoric to suit the narrative . These Fed minutes were before the 5000 point dow rally . Lots of data out next week to change the narrative The market must end positive , it's thanks giving . Patriotism at its best .Ignored
Fed: With monetary policy approaching "sufficiently restrictive" level, emphasized final destination more important than funds rate itself
FED MINUTES: WITH MONETARY POLICY APPROACHING A "SUFFICIENTLY RESTRICTIVE" LEVEL, PARTICIPANTS EMPHASISED THAT THE FINAL DESTINATION OF THE FED FUNDS RATE HAD BECOME MORE IMPORTANT THAN THE RATE ITSELF.— Breaking Market News (@financialjuice) November 23, 2022
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FED MINUTES: MANY PARTICIPANTS EXPRESSED SIGNIFICANT UNCERTAINTY ABOUT THE ULTIMATE LEVEL OF THE FED FUNDS RATE REQUIRED TO CONTAIN INFLATION, WITH VARIOUS PARTICIPANTS SUGGESTING IT WAS HIGHER THAN PREVIOUSLY ANTICIPATED.— Breaking Market News (@financialjuice) November 23, 2022
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The Chair began with a discussion of ethical standards and acknowledged the great privilege and heavy responsibility that come with being entrusted to make policy decisions. There was agreement that the Federal Reserve can be effective only when there is a foundation of public trust. Participants reaffirmed the importance of holding themselves and their staffs accountable for knowing and following the high ethical standards that are set in the Committee’s policies, including those on financial transactions and disclosure and on external communications. Developments in Financial Markets and Open Market Operations The manager pro tem turned first to a discussion of financial market developments in the United States. Over tweet at 2:00pm: [DB] Most Fed Officials Backed Slowing the Pace of Rate Hikes Soon: BBG tweet at 2:00pm: Fed minutes: participants observed that the labour market remained tight; many noted tentative signs that it may be gradually moving toward a better balance of supply and demand. tweet at 2:00pm: FED MINUTES: PARTICIPANTS AGREED THAT THERE WERE FEW SIGNS OF INFLATION PRESSURES EASING. tweet at 2:00pm: FED MINUTES: PARTICIPANTS AGREED THAT A SLOWER PACE OF RATE HIKES WOULD ALLOW THE FOMC TO BETTER ASSESS PROGRESS TOWARD ITS GOALS "GIVEN THE UNCERTAIN LAGS" ASSOCIATED WITH MONETARY POLICY.
As my mentor used to say, any market practicioner can make headlines by screaming something wildly out-of-consensus but conveniently leaving the details of his forecast out of the ...
This Market Notice sets out operational arrangements that the Bank of England (the Bank) intends to apply to sales of index-linked and long-dated conventional UK government bonds ...
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tweet at 2:13pm: RBNZ'S GOVERNOR ORR: THE GLOBAL ECONOMY HAS BEEN IMPACTED BY SIGNIFICANT SHOCKS. tweet at 2:16pm: RBNZ'S ORR SAYS WE ARE OFFICIALLY CONTRACTIONARY WITH POLICYOrr: Opening remarks to Finance and Expenditure Committee (FEC) It is good to be with you this morning to present our November Monetary Policy Statement. I’m joined by Assistant Governor/General Manager of Economics, Financial Markets and Banking, Karen Silk, and our Chief Economist Paul Conway, and I acknowledge our other Monetary Policy Committee (MPC) colleagues some of whom are with us today or watching online. Today we are here to outline our most recent Monetary Policy Statement and the reasoning for our OCR decision. To provide the best context possible for the Committee’s decision I will refer briefly to the Reserve Bank’s recently published Review of our monetary policy actions over the five years ended September 2022.1 The Review — undertaken in conjunction with the Board of Te P?tea Matua and peer reviewed by two independent international experts — is a legislative requirement. It is also a timely requirement from the Committee’s perspective. Over the period reviewed, the global and New Zealand economy has experienced historically significant economic shocks, in large part due to the COVID-19 pandemic and exacerbated by Russia’s invasion of Ukraine. Policymakers, including the Reserve Bank’s Monetary Policy Com
Glencore announced today it has entered into a binding agreement with Metals Acquisition Corp (MAC), amending terms announced on 17 March 2022, for the sale and purchase of ...
tweet at 2:37pm: RBNZ'S CONWAY SAYS SIGNIFICANT SLOWDOWN COMING IN HOME CONSTRUCTION