Is there another "hawk" flying a pigeon? Federal Reserve Maester: US inflation has significantly cooled
有空来玩玩
发表于 2023-11-30 16:43:04
3272
0
0
On Wednesday Eastern Time, Cleveland Fed Chairman Loretta Mester stated that US inflation has cooled, while economic activity and labor markets have slowed down.
This suggests that she may support maintaining interest rates unchanged at the Federal Reserve's December meeting.
As several Federal Reserve officials shift their stance towards a dovish stance in recent times, more and more market participants predict that the Fed's interest rate hike cycle may have come to an end.
Does the Federal Reserve's hawkish rhetoric shift?
Mester is one of the well-known hawks of the Federal Reserve. In the past two years, she has firmly supported interest rate hikes and is more inclined than other Federal Reserve officials to tighten monetary policy. Until October this year, Mester insisted that the Federal Reserve should keep interest rates high for a longer period of time and may still need to further raise interest rates.
However, nowadays, Mest's reputation has clearly softened a lot.
Although Mester did not explicitly express her support for the suspension of interest rate hikes in December, she emphasized that she is satisfied with the current level of fund interest rates and believes that the current price pressure in the United States has decreased while economic activity has slowed down. This can all be interpreted as a signal that she does not support further interest rate hikes.
&Amp; Quota; Monetary policy will need to be flexible and able to respond to constantly changing prospects, enabling us to achieve a dual mission; Quota; Mester said in his speech, "I believe that the current level of fund interest rates can already achieve this very well."
She also pointed out that although economic activity and labor markets remain more resilient than expected, they have also slowed down. In addition, she also believes that& Quota; Although the overall US economy remains relatively strong, inflation has made significant progress& Amp; Quota;
Mester said, "After decision-makers evaluate the latest information about the economic and financial situation and determine that policies have been well calibrated, they can use monetary policy to ensure that inflation returns to the 2% track in a timely manner."
Although Meister does not have voting rights in the Federal Open Market Committee (FOMC) this year, she will have voting rights in 2024. It is worth mentioning that in June next year, Meister's term as the President of the Cleveland Federal Reserve will end, and she is expected to step down at that time.
Does the Federal Reserve's pigeon sound gradually increase?
Mester's remarks also echo those of several other Federal Reserve officials earlier this week.
On Tuesday Eastern Time, Federal Reserve Director Christopher Waller stated that he is increasingly confident that policy interest rates can effectively lower price increases to the Federal Reserve's target. Federal Reserve Director Michelle Bowman stated that she is still willing to support interest rate hikes if the rate of inflation cooling stagnates, but she did not mention supporting interest rate hikes next month.
On Wednesday Eastern Time, Atlanta Fed Chairman Bostic also wrote in an article on his official website that he is increasingly convinced that inflation is firmly on the path of decline; Richmond Fed Chairman Barkin emphasized that the Fed should retain the option of further interest rate hikes to prevent inflation from becoming more stubborn than imagined.
Mester, like Bauman and Balgin, also retained the possibility of future interest rate hikes, stating that whether or not to do so "largely depends on whether the economy develops as expected, how risks change, and the progress we make in achieving the dual goals of price stability and full employment."
The last time Federal Reserve officials raised interest rates was in July, when they raised the benchmark federal funds rate to a 22 year high of 5.25% -5.5%. Since then, the Federal Reserve has decided twice in a row at FOMC meetings to remain silent and maintain interest rate levels unchanged. At present, the market generally expects that the Federal Reserve may start cutting interest rates around the middle of next year.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Late at night! The Federal Reserve makes a bold statement: premature and excessive policy relaxation may harm inflation progress
- Yellen is confident that US inflation will continue to decline, but Wall Street is full of doubts about Trump's 2.0 policy
- Is inflationary pressure easing for American consumers? Costco has raised membership fees for the first time in seven years
- Federal Reserve's "dovish faction" evaluates June CPI: inflation has returned to the 2% track, and the timing for interest rate cuts is ripe!
- The US stock market collectively closed higher, Tesla rose nearly 3%! Meta claims to restore Trump's Facebook account! JPMorgan CEO warns: US inflation may continue to exceed expectations
- Federal Reserve officials enter a period of silence, economists lower US inflation expectations
- Global highlights next week: US key inflation report released, Middle East's soaring flames indicate an escalation of the situation
- The three-year inflation expectation in the United States has fallen to a historic low, and the Federal Reserve's September interest rate cut is imminent
- Next week's global highlights: The Federal Reserve's most favored inflation indicator will be released, and Nvidia's financial report will test AI trading
- The most important inflation indicator of the Federal Reserve has been revealed, and how is the situation in the Middle East developing
-
每经AI快讯,据亿航智能官微消息,公司EH216-S无人驾驶电动垂直起降航空器(eVTOL)获得巴西国家民航局颁发的试验飞行许可证书,并计划在巴西进行测试和试飞。关于EH216-S无人驾驶eVTOL在巴西的认证,中国民航局 ...
- 潇湘才子
- 昨天 08:41
- 支持
- 反对
- 回复
- 收藏
-
今年7月,美国三大海外“债主”所持美国国债齐刷刷缩水,其中日本美债持仓已降至去年10月以来最低。 根据美国财政部当地时间9月18日公布的国际资本流动报告(TIC),2024年7月,美国前三大海外“债主”日本 ...
- 520hacker
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者俞立严)9月19日,蔚来全新品牌乐道的首款车型——乐道L60正式上市。新车定位家庭智能电动SUV,在采用BaaS电池租用服务后,L60的售价可低至14.99万元,电池租用月费最低为599元。乐道L6 ...
- anhao007
- 前天 11:03
- 支持
- 反对
- 回复
- 收藏
-
【博通或未在评估对英特尔发出收购要约】知情人士透露,博通目前没有在评估向英特尔发出收购要约。该公司曾评估过是否寻求交易,顾问在继续向博通提出建议。 ...
- jnengw
- 3 小时前
- 支持
- 反对
- 回复
- 收藏