Fed Chair Powell is more optimistic than his colleagues, economist says
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- čas přidán 30. 04. 2024
- As the markets brace for the central bank's decision on interest rates, Dreyfus and Mellon Chief Economist & Fmr Fed Economist Vincent Reinhart joins Catalysts to provide his insights on the Federal Reserve's impending decision.
According to Reinhart, in light of the continued hot economic data, Powell's commentary is likely to convey a "bumpy" sentiment regarding the path of inflation. He acknowledges that the "last mile" to achieving the 2% inflation target is taking "longer than they [the Fed] thought." However, Reinhart emphasizes that inflation is "a lot lower than it was" previously.
Reinhart highlights two key themes that investors can anticipate from Powell's remarks. First, the Fed typically "leans into the policy action of the previous meeting" to avoid surprising the markets. Additionally, he expects Powell to provide an update on "the slowing of the run-off on balance sheets."
While Reinhart anticipates the Fed to hold rates steady, he questions: "How true to that storyline will Chair Powell be at his press conference?"
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Fed is watching Titanic movies 😂😂😂
So there going to flip/flop on their goal? Oh yea, that will do wonders for their credibility that’s already broken at best.
FED IS DOING RESEARCH ON COST OF PUBLIC AS IT DOES NOT MAKES ANY DIFFERENCE AS MOST OF GETS GUARENTEED FIXED PAY BUT COSTING ON SELF EMPLOYED AS THEY HAVE NOT MADE 0 DOLLARS IN LAST 2 YEARS DUE TO RATES.....REALTORS , MORTGAGER , ......NOTARY ARE SUFFERING AS WELL AS BANKS.
i ve gotten nothing but poorer under this miserable administration. yet, brandon wants more taxes next year. CHANGE, Soon, Please!
You are poor because you make poor decisions. Quit blaming other people. I've gotten richer so quit whining.
@@l.h.tnguyen4916 right ahahahaha shooot my wife and i both gotten 30% raises and are doing fine.
@@l.h.tnguyen4916 now go drink some rate cut coolaid, smartypants
@@l.h.tnguyen4916 you must like paying MORE for everything. that too makes you "richer" i'm sure. LOL. now get lost
Dont forget that 45 left office with our economy tanking into shambles. Just like with his casinos in Atlantic City and his 6 bankruptcies., even when his rich daddy gave him more than 400 million dollars at an early start . Loser couldnt run a lemonade stand without going out of business .....
THERE MUST BE A LIMIT.......EVERYTHING GOT A LIMIT......DROP RATES
RAISE RATES. Perps need to quit spending.