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The numbers are sending positive and negative signs, making the future of inflation, and the timing of Fed interest rate cuts, uncertain.
Switzerland may be the first to start rolling back the recent round of rate hikes.
“We want to see strong growth and a strong labor market,” said Federal Reserve Chair Jerome Powell.
The committee that sets interest rates is meeting this week, and the big question is whether — and when — they’ll start cutting.
We asked economists to give us a word of the year for 2023 that summed up the zeitgeist for monetary policy.
The quarterly report gives clues about how members of the Federal Open Market Committee see the economy and what future steps they might take.
Dissent on interest rate decisions might send mixed messages to Wall Street about where the economy is headed.
The intensity of a coming economic slowdown will depend on how much banks tighten credit conditions, says Austan Goolsbee.
Fed watchers pore over the document in minute detail in search of clues about future rate hikes.
“A look at the record shows that the Fed often stumbles in its efforts to save the day,” says Ben White, chief economic correspondent at Politico.