and his fellow central bankers will want to signal that while they are attuned to the financial sector upheaval, it's important to continue the fight to bring down inflation.
Goldman Sachs is one of the most high-profile forecasters seeing no change in rates, as it expects central bankers in general "to adopt a more cautious short-term stance in order to avoid worsening market fears of further banking stress.""This might be one of those times where there's a difference between what they should do and what I think they will do. They definitely should not tighten policy," said Mark Zandi, chief economist at Moody's Analytics.
"The recent market turbulence stemming from distress in several regional banks certainly calls for more caution, but the robust action by policymakers to trigger systemic risk exceptions … is likely to limit fallout," Bank of America economist Michael Gapen said in a client note. "That said, events remain fluid and other stress events could materialize between now and next Wednesday, leading the Fed to pause its rate hike cycle.
They should go with at least the half. This Fed has been a total disaster
Read the room.. Give everyone a break!!
What he couldn't wait til next week to tell the market? Over here manipulating the market a week b4 his sit down. Now he should be in jail.
Believe me, most of the banks in America will not be able to save the dollars that the FED has printed. As long as the interest rates continue to rise, the banks will collapse, the American economy will go bankrupt.
Go for the jugular. Quit with this baby rate hike!
Here we go more bank failures. You know the interest is money the taxpayer pays back to the private central bank known as the federal reserve for borrowing their fake money supply. Time to end the federal reserve.
The central banking system is a usurious international money cartel that usurped our sovereignty by taking control of the supply chain.
🤦🏼♂️
they should really calm down.
People are throwing millions of dollars into bit coin right now . It’s the only way it would be going up in a straight line
Somehow he’s gonna do the 50bp
❤️❤️
What turmoil? Stocks near ATHs with $NVDA at 142X PE 🤦♂️
Powell and the Fed continue to show their ignorance of what’s happening in this country
Raising rates with all this recent news will drive an education cycle. This is how people become bitcoiners, not asking what bitcoin is but learning what dollars are.
Despite recent market turmoil, the Fed's decision to raise interest rates by a quarter-point is a testament to their commitment to stabilizing the economy and maintaining long-term growth. Let's stay vigilant and focused on the bigger picture.
Lol crash the economy even further 🤣👍
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FoxBusiness - 🏆 458. / 53 Read more »