Federal Reserve Chair Jerome Powell speaks after Fed holds interest rates steady - 1/31/2024
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- čas přidán 30. 01. 2024
- Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.
The Federal Reserve on Wednesday sent a tepid signal that it is done raising interest rates but made it clear that it is not ready to start cutting.
In a substantially changed statement that concluded the central bank’s two-day meeting this week, the Federal Open Market Committee removed language that had indicated a willingness to keep raising interest rates until inflation had been brought under control and was on its way toward the Fed’s 2% inflation goal.
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Federal Reserve Chair Jerome Powell speaks after Fed holds interest rates steady - 1/31/2024
With rates climbing like never before coupled with uncontrollable inflation, and our own mortgage now above 5.25% what are the best alternatives/strategies for avoiding a crunch and maximize my savings other than moving in to an RV with my two kids.
You are not alone we can no longer afford our mortgage, husband wants us to travel or relocate/I am proposing cashing in, walking away and renting while putting the rest in the stock market.
If you have the funds to travel you should be able to afford the mortgage.
We own a few rented apartments but don’t wish to sell them or make the tenants uncomfortable by inflating rents however I am being more cautious than ever with rising costs.
Affordable housing is no longer available so you are a good person to do that for people under your roof. What you want to do I will advise you do it now because the prices you see today will look like dips tomorrow. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
I will be glad to enlist the services of a reputable one. Pls how do I go about finding and vetting them. We know the value of a fiduciary as we have a family lawyer and he has hinted on it occasionally, so we’ve began to consider the idea.
Even though I plan to stick with it, inflation is wasting my money and my portfolio is losing gains every day, so I need a cure right away. My main concern is how to raise the value of my cash reserve because it has been lying there for a very long time with little to no increases and inflation is currently about 3.4%.
In fact, despite having no experience or prior knowledge when I began investing in 2018, by the end of 2019 I had made a profit of over $750k. I had merely been adhering to the advice that my financial counselor had given me. This demonstrates that all you really need is an expert to assist you; you don't even need to be a great investor or put in a lot of work.
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@@mikeharry96 Yes, Stacey Laura Alviani made headlines in 2020, but I'm not sure if I can bring her up in this context. She manages my portfolio and acts as a counselor for me.
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Buy Bitcoin!
Not one person asked about the bank term funding program.....
Even I am wondering what it impact will be
They probably wanted to be invited back.
Assets: Liquidity and Credit Facilities: Loans: Bank Term Funding Program, Net: Wednesday Level - Boom and the Bust
Federal Government; Corporate Bonds Issued by Commercial Banking Under TARP; Asset, Level - the boom bust cycle
Ahhh.. I'm glad someone noticed. The sole reason for the bull rallies of the last few months. Check me out! :)
Summary: What part of two effing percent inflation do you not understand?
Today's media and journalism in a nutshell
But I want candy now😭😭😭. Yellen said I can have some, it’s not fair!
they are being too soft. Keep raising the rates.
Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
Leila Simoes Pinto' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
36:55 - housing prices
Thanks. 👍
Are all the homes hoarded by blackstone with the Biden coups consent fireproof?
Thanks Marshall Genzer of Marketplace. I love your report and comments. You've got to grill them on housing and easy money and their correlation. This is the topic almost every central banker avoids. Study after study proves that housing inflation is primarily caused by easy money but they never dare to admit it.
He’s reading the same speech every time he gets up there… and nobody notices… 😂
does this mean we buy or sell gold?
FULL MARGIN!!!
Lollllll, WON WOOOOO🤣🐐
JUST SAY FFTTTT
Yes
Buy
The federal government was more responsible they would help ease inflation by spending less on superfluous things.
These MFs should be under investigation for intentional market manipulation
The cannot escape it, Alabama! They think the things they're doing in secret are hidden, *BUT GOD IN HEAVEN* is recording every thought, every whisper and every act of their wills. The seeds of wickedness they have planted to destroy these United States of America are about to reap a terrifying harvest for them. So be it, Father God, according to Your plans and purposes, not mans'.
Right.. lol Dude purposely using words to drop the market while stating positive markers. Lol
@@RedemptiveSalvation the only thing he should be stating is a rate cut
I mean... Yeah? That's the point of the central bank 😂 they know it, we know it. They reduce/raise money flowing in the market by setting the interest rate. Now what that means to you depends on if you believe in Supply and Demand.
Who invited that guy asking the Chairman if he wanted to keep his job??? He din't have a question about Fed policy apparently.
It is funny how prices doubled or tripled (100-200+%) and Fed said it was 9% inflation.
Items didn’t go from $2 to $2.18… they went from $2 to $5 and somehow the Fed math on that is 9% inflation.
best comment I've seen in years!
Ok but wages also increased so you have more to spend. This counters a bit the price increases. Also some products got cheaper. For example price of electricity and gas is bit lower than one year ago in Europe...
@@brechtsmit9845 wages are not 100-200% higher … it’s not even close to keeping up
Inflation measured by Fed is unrealistically and shamefully low but housing inflation is terribly high and Fed says it has no part causing it. Property is similar to stock markets in terms of investments and speculation and the latter pays unusual attention to Fed far more than it does to anything or anything else, then there is no reason the property market doesnt and as a consequence doesnt get impacted by Fed.
Apparently their measurements of a lot of things are askew. Immigration numbers in December were an all-time high.
Easy to scapegoat immigrants. Fed actions have global ramifications even countries that have virtually no immigration and gdp per capita of 1/10 or 1/20 of the US see their property price is as expensive as New York city, San Francisco..if not more. Once Fed presses Print - the rest of the world does the same, some do more some do less but they all do. Have a global view.
They evidently don't believe in supply and demand or else this would be pretty easy to admit...
Anecdotal evidence shows inflation in the 30%/annum range.
In two years bag of coffee from Whole foods up 46%
A battery for my car in 3 years 3 mo. from $77 to $151 at Walmart 96%
Remember they only cut if there is a problem….remember that
The rate of inflation will not improve much because the Panama canal is running dry and shipping thru the canal is down 60% which will drive up prices. Also the ships are forced to haul fewer containers so the ships will be able to proceed thru the canal in more sallow water.
But but but I thought climate change was raising sea levels. How can the Panama canal be drying up 😅😅😅
@@dev4statingx90 The canal is filled with fresh water in order to separate the salt water and flora and fauna of the 2 oceans.
So, if all locks were opened on both the Pacific and Atlantic sides, at the same time, the water of Gatun Lake would drain out until the muddy bottom appeared and no ships would transit the canal.
I finally agree w/Powell....take your time buddy...you can't afford another mistake.
You may be right for the first time 😊😊
Looks like planned failure to me
More data please.
If we do not include food in the inflation numbers, we are failing the entire population. Food prices affect us all. Looking for good or better data should not be manipulated by taking food out of the equation. We want REAL inflation reporting.
Food and energy prices are very dynamic. If they’re seasonably low or negative, while all other sectors are above 2%, you could easily be at 5%+ inflation once seasonality ends for those lower, dynamic prices. This is the exact scenario that happened in the 70s. Let’s not repeat it.
@@tscape165Much of those dynamics can either be predicted and accounted for by normalization, or can simply be adjusted for when outliers occur. Yes, it’s significantly more work, but it also paints a more full picture
Omg, they report both the core and total PCE inflation, and the total is *lower* than core. Pay attention.
@nukm4 in both CPI and PCE, the price of food is not included.
@@kevinhuddleston6438 You are misinformed.
Since about 1990, the Feds open market committee has tried to lower inflation by raising the Federal Funds Rate, which affects basically all United States borrowing. This was their only tool at the time to accomplish their mandate. Admittedly a sledge hammer type tool.
34 years later it is still the only tool they feel comfortable with.
Unfortunately it does not discriminate between those prices going up or not.
I suggest a new tool be used which attacks the specific items increasing, first determining what, where, why and how. It's called a computer. I have 2 and will gladly loan
bottomline, "why change when change is not needed" is their mentality. Fed is always act ATF (after the fact), shown time again and again.
why does nobody ever ask about government spending booming inflation.. this is the problem.. the governments gotta stop spending
Whats decision rate cut or not?
No not now, maybe later in the year
The whole video is him saying he’s not going to cut rates. Just do yourself a favor and please don’t invest your money, just spend it and enjoy life man. It’s sadly too late
Without interest rate we would provide the information that how we can make the things better
The moment rates start to fall, home prices are going to launch into the stratosphere.
Wrong…
Rates already dropped last year and it did nothing to spark the market.. it only sparked cash out refinancing for people with 3% mortgages that lost their job and were about to lose their home-and now have a 6.5% rate… 😂
@@JC-cf4rsRates did not fall last year wtf are you dumb
Another note thanks for the discount market...i guess
*!!! Liar, liar pants on fire !!!*
I don’t trust Powell at all
Doesn’t low unemployment, low interest rates and low inflation give citizens more disposable income for a strong economy all around?
Low interest rates causes inflation to rise.
Interest rates are a price, they ought to meet an equilibrium.
@@jorden9821 simple economics do not take in consideration all factors of the economy. Housing prices rent energy etc .
I want *PETER SCHIFF* to be asking Jerome some questions!
People who think they know more than everybody else tend not to ask any questions.
Lol Peter Schiff is an idiot and liar.
No interest in your plan!!! Gold and silver!!!!!🙏
Envy man, when the economy of major developed countries is in recession, US economy is still hot and strong.
strong labor market due to crazy inflation and people have to work triple jobs to bring foods to the table!!!!and people have to pay crazy government taxes, so no extra money but to work more to support grown kids expenses!!!!
He clears his throat when he is lying. Pay attention
It will be hard to achieve 2 percent inflation with the pandemic induce supply chain issues are almost back to normal, the economy is producing jobs at rapid pace, unemployment is at historical lows, consumer confidence has increased and the stock market is at record highs, with some of those examples j powel might need to consider a 2.5 percent inflation instead of the 2 percent target.
The 2 percent target is driven from industry merit increases of 2.7 to 3.5 percent( also observed in wage growth metrics) annually increases. At 2 percent inflation, wage growth increases can slightly outpace inflation and the market can normalize. Higher targets take longer to normalize especially when you consider most of the wage growth increase recently have been higher income levels.
Give it just a few more months.
Greedflation is targeting products that the lower income purchase! For example, we are seeing all kinds of” Flation” going on to products at Walmart while products at Trader Joe’s are not changing. our Trader Joe's consumers who are the most vocal, or not seeing the change, only our consumers with very little voice are being taken advantage of.
SOMEONE does not understand what these rate increases have done to a small business like mine. My interest I am paying on my SBA 7A loan is 11.25%. This has damn near put me out of business. The money I would have had for my taxes on my commercial property CAN NOT be paid presently because my payment damn near doubled. My mortgage payment was $3200 2 years ago. Today my payment is $5899. WHO IS NOT LOOKING AT THE SMALL BUSINESS WITH SBA LOAN? How can you say everything is trending in the right direction . IT IS NOT!!!
I don't think inflation has been going down or maybe just a lightly down. Go to super market and check out the prices of the groceries. Before pandemic rib eyes in costco was around $40, now is $80, so how can you say inflation is down? please explain?
2% Inflation means things are still getting even more expensive…
He’s not trying to get prices lower-he’s trying to get them to increase more expensive but at a slower pace.
It’s the wrong goal-things need to get cheaper, not more expensive at a slower pace.
Prices are locked in and getting higher, and they think they’re doing a good job.
here's Jerome
How about this for managing inflation.. if private sector employment is so good, for every percentage point of inflation above what wage growth is doing, downsize the federal employee and federal spending by the same amount. Why is it that the private sector is the sector that has to take the hit with higher interest rate. It is time the federal government to partake in the pain and suffering that government hast created by creating money out of thin air.
The low interest rates are where the problem begins, the interest rates should be at the equilibrium and there should be competition again in banking.
@@jorden9821 Agree, but interest rates cannot find an equilibrium if partisan spending keeps injecting trillions of new dollars into the system. I am not against some spending, but when there is not enough tax base to pay for it, then we cannot declare everything as an existential crisis and spend more money. If is it so existential, then cut programs like bringing in millions of migrants and putting them on welfare.
I’m going for Tim’s…. Anyone want Timbits?
Rates are not high they are at a normal level, people are used to free money after the crash and need to realise that ,start living within your financial means.
Buy the dip. Powell & Janet always joking around.
drop rate now SPK
Sooo still no cuts but sure clu tries doing greatttt
Late to begin hikes late to reduce them
Thanks Powell for hundreds of thousands of layoffs
The question i wanna ask now is what is the impact of fomc in Forex and who is this powell?
Wall Street wrong about the pivot once again… 😂
Two years now running on wrong predictions
the rent went up because the government increased property taxes and the ins companies double charges plus the terrible internet hike jacked from the fed; non-stupid questions!!!
We are seeing and observing that any action and activity where demand and supplies are the major hit for price increasing or down,patrol shortage or drill minimize raise the price of energy and it effects in our all live aspects including all our usage things so we are here to making the big shift in economics development where you can find that we must give the real outcomes.just sit and discuss with us .we have much more real and unique policies.where anyone would thrive
Fed why are you tipping
MIDDLE CLASS PEOPLE PAID HUGE TAXES AND 401k stayed still!!!
FED dollar is trash. They devalue your hardwork.
Assets: Liquidity and Credit Facilities: Loans: Bank Term Funding Program, Net: Wednesday Level - Boom and the Bust
Federal Government; Corporate Bonds Issued by Commercial Banking Under TARP; Asset, Level
Federal Government; Corporate Bonds Issued by Commercial Banking Under TARP; Asset, Transactions
More data more data what date maaan win more time but time soon is over this ball in your hand is hot
Everyone ready to sell 😂😂😂😂
Y'all kept talking all that noise about the money printer... now that it's being slowed down, the sky is FALLING 🤡
Real Mortgage Payment Price Index - boom and the bust!!!
More rate hikes!!!
Where is Peter Ducey? You’re lost in real question. Is your muscle Lee end up leaving the podium with no answer to any of his questions. Come on Peter where are you
Enjoy
Same bula… since I remember from
This individual nothing new
This man is a fool , the higher the rate the higher inflation because business cost is higher and every product will be more expensive , rent will rise because house mortgage cause more !
❤❤❤
How do you have interest without gold? Interest on what?
Debt lmaoo
The banking situation is a reminder that Fed hikes are having an effect, even if the economy has held up so far,” It’s precisely at times like these that investors need to be on guard against the next certainty. First SVB, then signature bank and now first republic bank, these are all the signs of yet another 2008 market crash 2.0
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust. Sincerely it's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.Read more
Mind if I ask you to recommend this particular coach you using their service/
Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.
It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this Sonya looks the part but i'd do my due diligence. I set up a call, thanks.
Everything still overpriced and everything still getting more expensive… he’s not even trying to lock in the overinflated prices we have now-he wants them to get more expensive at an acceptable incline
Everyone across the board have increased prices - this is probably the new order… housing prices, insurance, food prices etc. - may not drastically drop!!!
Are the homes that have been hoarded by speculators all fireproof?
All of the Uber jobs ya want. Everyone feel good now?
I just paid the highest gas bill in have ever paid at over $130 . Thanks biden 😢 thats on top of my $100 water bill and $130 water bill. These are all more than double what i was paying before biden
AI has a massive impact computer programming productivity. A large chunk of the economy hinges on programming. Boomer didn't know what he's talking about ...
I'm 0 money, not have job and 0 dollar... Because capital overdosis have protection judgment.. For the poor... Economic service tranfer and sadap is goods
😂
How can the job participation go up when we let in 3 million immigrants that dont have work visas?
Army Navy Air Force space force cyberforce
J Pow Got You. 💩💩
Powell is very key smart guy . He doesn’t get politics control him
5 percent on a 10 year Treasury is not historically high. The Fed should raise interest rates several times. Inflation hasn't cooled . Please, it's clearly manipulation.
Thumbs up to the Feds 👍
This is BS. THEY NEED TO CUT THE RATES.
They need to increase the rate … they’re not getting any progress
Interest rates should be held steady until after the elections otherwise some may view any change as political
Strong growth, strong labor - will never bring inflation down!!! This is the new order.. get over the myth that market will fall!!!!
Ok delulu
Amirika raja drama dari segala dusta
Adakah yang MC hari ini 😂😂
Ada😂
🇮🇳 india
Zero progress on inflation
You should increase rate and not make the 1970’s mistake. Plus today’s economy is as big as modern inflation. Not to mention current oil , gold , silver etc.. prices are moving up like crazy , imagine cutting rates to soon ??
Talks much says nothing. Brilliant.
okk
Oh interest rates, inflation, every thing be dammed. Lets spend more money on Ukraine, Isarel, Syria, ..
Hey world anyone else want more goodies from Uncle sam.
Sounds like an AI bot
Trump will say rates are too high and then rate cut will happen just like previous time.....😅😅
Bitonot. E bozja. Naredba da piwuva i da misl heodam do 2035godina.krano tolkumie opredeljeno USA@
Dismantle federal reserve and make us a free people once again !
Cant wait to vote for trump
He not going to win
@@gtb2009b people are tired of democrates you will see iam democrat
Amen to that!!! Hopefully we won't have to wait that long.
Trump originally appointed Powell genius. 😅
@@tscape165 still voting for trump😁😁😉😁
Way To Go President Biden!!!🙏💙🇺🇸….
#PRESIDENTBIDEN2024💙🇺🇸
#VOTEBLUEIN2024!!!🙏💙🇺🇸
🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊
Find The Important Facts @ Min. Mark (30:13)😉
2% inflation is just not feasible without a recession. How do these clowns not see that???
We need a recession…
Labor market is STRONG!!! That’s why the average home costs a half million dollars and the middles class can’t afford it!!! Isn’t that wonderful?!!!
tbh. That's inflation baby. If everyone is broke, those houses won't be that expensive. 😂
Housing prices are high because private equity buys 1 out of 3 houses with 30 days of being on the market. With very few houses taking months to sell, the sellers aren’t cutting prices.