“We’ll Probably Still Be Left with Ground to Cover to Get Back to Full Price Stability”: Powell at the FOMC Press Conference by Wolf Richter • Nov 1, 2023 • 157 Comments “The best thing we can do for the US is to fully restore price stability, and not fail in that task, and do it as quickly as possible, but also with the least damage we can.”
“Carefully,” Dude: Powell at the Press Conference by Wolf Richter • Sep 20, 2023 • 168 Comments Our drunken sailors “hate inflation, hate it,” and are in a foul mood, but are in good shape and keep spending.
In Very “Hawkish Hold,” Fed Keeps Rates at 5.50% Top of Range, Sees One More Hike in 2023, Only Two Rate Cuts in 2024, to 5.25%. QT Continues by Wolf Richter • Sep 20, 2023 • 205 Comments The shocker was the infamous “dot plot”: Higher for even longer, ending the year 2024 at 5.25%.
Fed Hikes by 25 Basis Points, to 5.5% Top of Range, Highest since 2001, More Rate Hikes on the Table. QT Continues by Wolf Richter • Jul 26, 2023 • 155 Comments “In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time…”
In a Very “Hawkish Skip,” the Fed Keeps Rates at 5.25% Top of Range, But Sees Two More Rate Hikes this Year. QT Continues by Wolf Richter • Jun 14, 2023 • 167 Comments “… to assess additional information and its implications for monetary policy.”
Fed Hikes by 25 Basis Points, to 5.0% at Top of Range, Pencils in One More Rate Hike, No Rate Cut in 2023, QT Continues: New Regime of Tightening while Providing Liquidity for Banks by Wolf Richter • Mar 22, 2023 • 267 Comments Stepping on the brake with one foot while putting an arm around the baby to keep her from hitting the dashboard.
Delayed Reaction? 2-Year & 10-Year Treasury Yields Jump, Mortgage Rates Spike 40 Basis Points in Two Days to 6.39% by Wolf Richter • Feb 6, 2023 • 101 Comments Last week sinks in, and WHOOSH go yields.
