Breitbart Business Digest: Powell Still Won’t Admit Rate Hikes Might Be Coming

recently took the stage in Amsterdam Tuesday with a message that seemed at once resolute and uneasy: the Fed is no longer anticipating several rate cuts this year but is instead committed to keeping interest rates at their highest levels in over two decades.the Fed is unlikely to cut interest rates this year

or even early next year. The inflation beast remains stubbornly untamed, as today’s producer price index report grimly illustrates with a 0.5 percent month-over-month rise, equivalent to a 6.4 percent annual pace and much hotter than anticipated.Powell’s shift in tone is telling. His once buoyant confidence in an imminent inflation decline has been replaced by a cautious approach.

“If only Powell had refrained from signaling rate cuts in December and stuck to the “higher for longer” script, the economy could have slowed sufficiently to allow actual rate cuts in the coming month,” Bessent We would add to this a point we’ve made several times at Breitbart Business Digest: the fact that Fed officials have consistently projected that eventually the federal funds rate will return to 2.5 percent or so has likely undermined efforts to tighten financial conditions. Thisand that today’s level is a temporary high means that debt issued today will be able to be refinanced later at a lower rate in the not-too-distant future.

WATCH: Aaron Rodgers Tells Tucker Carlson That U.S. Gov’t ‘Confiscated’ Pat Tillman’s Journal After Death in IraqExclusive – Trump Pollster: ‘Political Persecution of Donald Trump Is Backfiring’

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Breitbart Business Digest: Powell Speaks and States the Obvious—No Rate Cuts Are ComingSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
ソース: BreitbartNews - 🏆 610. / 51 続きを読む »

Breitbart Business Digest: Biden Is Fighting 2009’s Economy in 2024Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
ソース: BreitbartNews - 🏆 610. / 51 続きを読む »

Breitbart Business Digest: One Chart Shows Why So Many People Hate the Biden EconomySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
ソース: BreitbartNews - 🏆 610. / 51 続きを読む »

Breitbart Business Digest: Inflation Tightens Its Grip on Biden’s Re-Election ProspectsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
ソース: BreitbartNews - 🏆 610. / 51 続きを読む »

Breitbart Business Digest: There’s Still a Big Hidden Force for High Inflation in the EconomySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
ソース: BreitbartNews - 🏆 610. / 51 続きを読む »

Breitbart Business Digest: The Housing Market Shows Interest Rates Are Too LowSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
ソース: BreitbartNews - 🏆 610. / 51 続きを読む »