Fed Chair Powell (post-meeting statement) says US economy is on a firm footing
Fed Chair Powell's statement indicates a balanced outlook, describing the US economy as firm but acknowledging persistent inflation.
Fed Chair Powell (Q&A) says case of Fed’s Cook is perhaps the most important case in the Fed’s legal history
CRUDE WRAP: WTI (H6) SETTLES USD 0.82 HIGHER AT USD 63.21/BBL; BRENT (H6) SETTLES USD 0.83 HIGHER AT USD 68.40/BBL
Fed Chair Powell (post-meeting statement) says US economy is on a firm footing
Motiva restarts large coker at Port Arthur, Texas refinery
WATCH: Fed Chair Powell to give his post-meeting press conference at 14:30ET/19:30GMT
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- Economy has been expanding at a solid pace
- Job gains have remained low
- Consumer spending has been resilient
- Inflation remains somewhat elevated
- Current stance of policy is appropriate
- Activity in the housing sector has remained weak
- Govt shutdown effects should be reversed this quarter
- Last year's cuts leave policy stance 'appropriate' to achieve goals
- December PCE probably rose 3.0%
- Reiterates policy rate is in the range of neutral
- Decisions will be made on a meeting by meeting basis
- Policy is well set for further adjustments based on incoming data and balance of risks
The mixed signals—solid expansion juxtaposed with low job gains and weak housing—suggest a cautious approach to future rate adjustments, emphasizing a meeting-by-meeting analysis. This suggests ongoing volatility in both the FX and fixed income markets as participants digest these developments.
Related headlines
- Fed Chair Warsh (Q&A): Asking what changed between now and July; data has shown economy has strengthened and at Jackson Hole said inflation trends weren't passing the test, and seeing very little information since to reverse that, so have stuck with it9 hours ago
- Fed Chair Warsh (Q&A): Reiterates inflation is the problem9 hours ago
- US President Trump says Fed Chair Warsh has a tough board and he still has confidence in Warsh, also notes interest rates are too high and not appropriate6 hours ago
- [MARKET UPDATE]: Hawkish reaction with stocks, bonds and gold falling while the Dollar rises after the Fed hiked rates in unanimous decision, dot plots pencilled in one more hike this year, and Warsh emphasised commitment to price stability9 hours ago
- Fed Chair Warsh (Q&A): Sees 3 reasons bond yields have risen; 1) Economic strength; 2) Capital Expenditures and surge in capex is real; 3) Geopolitics9 hours ago
- Fed Chair Warsh (Q&A): Can't effect any individual prices in regards to oil, but what we can do, and will do, is ensure that any change in relative prices don't broaden out, don't have second and third-order effects on the economy10 hours ago
- Fed Chair Warsh says in July expressed joint readiness to act and the FOMC decided that this standard has not been satisfied and the committee's unanimous vote shows our resolve to achieve price stability on a timelier basis10 hours ago
- Fed Chair Warsh says yet for more than 5 years, inflation has been running above target10 hours ago
- Fed Chair Warsh says decision comes when the economy appears to be strengthening and is pointing in a good direction10 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed as partially weathers the hawkish FOMC meeting where the Fed hiked rates and the dotplots pencilled in another hike this year1 hour ago
- [MARKET ANALYSIS] Dollar takes a breather and holds on to post-FOMC spoils1 hour ago
- [MARKET ANALYSIS] T-note futures are contained following post-FOMC selling2 hours ago
- [MARKET ANALYSIS] Oil prices are contained after retreating yesterday on supply-side headlines, while gold partially rebounds from its post-FOMC drop2 hours ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Taiwan Digital Minister Lin Yi-jing recently visited Washington, D.C., and met with US officials, think tanks and major technology companies to discuss cooperation on AI and cybersecurity3 hours ago
- [MARKET UPDATE] Asia-Pac stocks begin higher and US equity futures attempt to rebound overnight despite the hawkish FOMC where the Fed hiked rates and dot plots pencilled in another hike this year4 hours ago
- CRUDE WRAP: WTI (V6) SETTLED USD 3.40 LOWER AT 102.43/BBL; BRENT (X6) SETTLED USD 2.92 LOWER AT 105.83/BBL9 hours ago
- Fed Chair Warsh (Q&A): Believe that the unemployment rate is basically running consistent with full employment and don't believe that we need to do harm to the labour markets to achieve its objective9 hours ago
- Fed Chair Warsh (Q&A): Committed to a discipline not to a decision, and today's action starts to show they are serious about it9 hours ago
- Fed Chair Warsh (Q&A): Doesn't have anything for you on discussions with Trump9 hours ago
- Fed Chair Warsh (Q&A): Was not waiting breathlessly on what any particular data was, whether it was retail sales this morning or a CPI print last week; reiterates trends matter and data points are noisy9 hours ago
The whole workspace, free to try.
Try it free