Fed's Powell: Financial Conditions Have Mostly Been Unchanged Since December; It's Important Markets Do Reflect Tightening We Are Putting in Place
Fed's Powell:— *seven (@sevenloI) February 1, 2023
- Financial Conditions Have Mostly Been Unchanged Since December
- It's Important Markets Do Reflect Tightening We Are Putting in Place
- We Are Just Going to Have to See if Our Forecast or Market's on Pace of Inflation is Right
- Comment #1
- Feb 1, 2023 3:28pm Feb 1, 2023 3:28pm
- | Joined Jul 2022 | Status: Member | 34 Comments
- Older Stories
tweet at 3:07pm: Fedís Powell: According To Current Outlook, Will Not Be Appropriate For Rate Cuts This Year $DXY $USD #FOMC tweet at 3:08pm: FED'S POWELL: MARKETS EXPECT INFLATION TO COME DOWN QUICKER THAN WE DO. tweet at 3:08pm: Fed's Powell: - We See Continued Subdued Growth, No Recession, Inflation Coming Down Slowly - We Have a Different Forecast From Markets - I Don't See Us Cutting Rates if Our Outlook Comes True; if Inflation Comes Down Faster Than We Expect That Will Play Into Our Policy Decisions tweet at 3:11pm: Fed's Powell: - I Don't See Signs of a Wage Price Spiral - Agree With Brainard That No Wage-Price Spiral Seen - But Once You See It, It's Too Late - We Cannot Allow That to Happen - More Disinflation Could Give a Boost to Economic Activity tweet at 3:13pm: Fed's Powell: - Once Inflation Easing, Should See Cons. Sentiment Boost - Very Reasssuring That Short and Long Term Expectations Are So Well Anchored, That's Helpful to Getting Inflation Back Down - We Monitor Financial Conditions Carefully
tweet at 3:03pm: Fed's Powell: - State and Local Governments Are Flush, So That Will Also Support - Lots of Spending Coming in Construction Pipeline - Those Factors Will Support Positive Growth This Yr - There Will Not Be a Light Switch Moment on When We Know Inflation is Sustainably Coming Down tweet at 3:04pm: FED'S POWELL: WE WILL ALSO BE LOOKING AT THE NEXT EMPLOYMENT COST INDEX REPORT, YESTERDAY'S WAS ENCOURAGING BECAUSE IT SHOWED WAGE GROWTH. tweet at 3:05pm: Fed's Powell: - Market Participants Have a Different Job Than the Fed - Strongly Resolved That Weíll Complete 2% Inflation Task - Goods Inflation Has Come Down Pretty Fast - Donít Know if Further Inflation Slowing Will Be `Hardí tweet at 3:06pm: FED'S POWELL Q&A: 'THIS IS NOT A STANDARD BUSINESS CYCLE;' 'IT'S UNIQUE;' 'CERTAINTY IS NOT APPROPRIATE;' TO BE CAUTIOUS; 'LONG WAY TO GO' #Powell #federalreserve tweet at 3:06pm: FED'S POWELL: OUR JOB IS TO DELIVER INFLATION BACK TO TARGET, WILL BE CAUTIOUS IN DECLARING VICTORY #News #Markets #POWELL #INFLATION #capitalhungry
tweet at 2:53pm: FED'S POWELL: POLICYMAKERS DID NOT SEE THIS AS A TIME TO PAUSE - https://t.co/wXVagA44VK tweet at 2:58pm: Fed's Powell: - But We Have Not Yet Decided Path Ahead - A Pause is Not Something the FOMC is on the Point of Deciding Right Now - 3-Month Core PCE Inflation Measure Are Quite Low Now tweet at 2:58pm: Fed's Powell: - My Own View is You Are Not Going to Have Sustainable Return to 2% in Core Ex Housing Sector Without Increased Labor Slack - Most Forecasters Would Say Unemployment Will Probably Rise a Bit tweet at 2:59pm: Fed's Powell: - See Path to Ease Inf. to 2% Without Big Economic Drop - Continue to Think Thereís a Path to a Soft Landing - We Donít yet See Weakening in the Labor Market - It May Well Be That It Will Take More Slowing in the Economy Than We Expect, but That's Not My Base Case tweet at 3:02pm: Fed's Powell: - My Own Assessment is That Positive Growth Will Continue but at Subdued Pace - That's My Forecast for This Year - But the Global Picture is Improving a Bit - Labor Market Also Remains Very, Very Strong - As Inflation Comes Down, Sentiment Will Improve
- Newer Stories
Todayís Fed meeting was always going to be more about what Jerome Powell and Company were saying rather than about what they were doingÖ ÖAfter all, the market had fully priced in ...
The European Commission today set out plans to boost competitiveness in the bloc's "green industry", in the face of the US' Inflation Reduction Act (IRA), aiming to speed up ...
Gold price shot higher to a fresh bull cycle high on the back of the Federal Reserve's dovish tilt that markets have priced in, smelling a 'Fed-pivot' around the corner, bullish ...