Fed Chair Jerome Powell said the 'meaningful change' shows that the Fed is no longer anticipating future hikes, but he stopped short of pausing increases.
The Federal Reserve's decision to remove a sentence about future rate increases in its latest statement has many hoping that this week's bump will be the last for the foreseeable future.
Noticeably absent from the statement was a previous line that said the central bank"anticipates" additional policy firming, marking a shift from the last few months when the Fed assumed that additional increases would be necessary. Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3, 2023, in Washington, D.C. The Federal Reserve announced a 0.25 rate increase, bringing the key federal funds rate to more than 5 percent, a 16-year high."We'll be driven by incoming data and we'll approach that question at the June meeting," Powell said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
White House Close to Tapping Philip Jefferson for Fed Vice Chair, Adriana Kugler for BoardThe White House is close to nominating Federal Reserve governor Philip Jefferson as the central bank’s second-in-command and Adriana Kugler to a vacancy on the Fed’s board
Baca lebih lajut »
Fed Should Pause Rate Increases After This Week, Former Vice Chair SaysThe Federal Reserve should suspend its interest-rate increases after one more this week, former Fed Vice Chair Richard Clarida said at the WSJFuture of Everything Festival
Baca lebih lajut »
Fed playbook: Which stocks to buy or sell depending on what the Fed doesCNBC Pro screened for names screened that are the most sensitive to interest rates by looking at the 100-day correlation between each S&P 500 stock and SHY ETF.
Baca lebih lajut »
After one more interest rate hike, the Fed may hit the 'pause button'After the most aggressive interest rate hike in 40 years, the federal reserve is expected to approve another quarter-point increase on Wednesday.
Baca lebih lajut »
Homebuilder ETFs could get another boost if the Fed stops after one more rate hikeFirm guidance from the central bank that it will at least pause could give some certainty to potential homebuyers and help lift shares of builders.
Baca lebih lajut »
Fed hikes rates one more time as war on inflation enters new phaseFollowing two days of meetings this week, central bank policymakers didn't close the door on raising borrowing costs further but suggested they're now taking a wait-and-see approach.
Baca lebih lajut »