FOMC meeting Fed

fed powell nov 2023

Fed keeps rates steady (4.25-4.50%), lowers GDP forecast and raises inflation forecast

Link Securities | The Federal Open Market Committee (FOMC) of the Federal Reserve (Fed) kept its benchmark rates unchanged in the 4.25%–4.50% range for the fourth consecutive meeting in June, in line with expectations, as its members adopted a cautious stance to fully assess the impact of President Trump’s policies, particularly those related to trade tariffs, immigration and taxation. FOMC members also noted that uncertainty about the economic outlook has…


chair powell

Powell’s wait-and-see stance

Juan Pedro Marín Arrese | Jerome Powell made it clear at the press conference following the Fed’s meeting that he and his colleagues are in no hurry to adjust rates. They will only move should prices undertake further progress to converge with the 2% target or the economy markedly cool down, sharply deteriorating employment. Carefully avoiding casting comments on the new administration’s policies, he emphasised the Fed’s commitment to independence…


yellen01TC1

Fed in a holding pattern

May 21, 2015 | By UBS analysts | The March FOMC statement had disposed of patience with regard to the funds rate, clearly preparing for the possibility or even likelihood of raising rates in June. But Q1 growth slowed more than expected, and the FOMC became more cautious in its April statement.