Powell Says Fed Doesn’t Need to Rush Interest-Rate Cuts
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- เผยแพร่เมื่อ 28 มี.ค. 2024
- Federal Reserve Chair Jerome Powell repeated that the US central bank isn’t in a hurry to cut interest rates. "If we if we reduce rates too soon, there's a chance that inflation would pop back and we'd have to come back in, and that would be very disruptive," he said Friday at an event at the San Francisco Fed. Powell also commented on today's core PCE (personal consumption expenditures) gauge which cooled last month. “It’s good to see something coming in in line with expectations,” he said.
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Rate cut speculation has become a joke
Real joke is the financial news that pretend FED track record is creditable. When a news CEO allows that kind of bias, how can readers take that news source seriously?
It has become a pump and dump scheme
Rate hiking speculation was no different
@@JonnyZuccs there was no speculation there. It was necessary and late.
@@prolific1518 There was speculation firstly that inflation was transitory, then that they wouldnt need to rate hikes, then that they wont need to hike that high, and NOW its that they can start cutting. all speculation that has been wrong by the public
Don’t be fooled stocks are not the economy, I had 250k put aside waiting for the fed to stop raising rates. Now I want to get back into the markets, but the hike might continue and stocks will still climb, I’m confused on how to strategise and happy to discuss.
The stock market will go down further and goodluck on the fed pausing rate hikes w/ all the hawkishness that has failed to keep up with inflation.
If the unemployment rate is able to remain steady while the Fed hikes and inflation falls back to target, a soft landing might be on the table
Don’t expect a soft landing. We know inflation still far from its 2% destination - the FOMC didn’t raise rates now, we can never fortell their moves these days
I agree It’s always good to hve a balanced fin-plan. I wrk with a pro planner multi mrkt and fixed-incme strategist in NY.
the fixed income portion of yr prtfolio won’t simply serve as a buffer to the volatility of the equity prtion of yr prtfolio, but will provide legitimate income.
Who are you working with please?
They should not be lowered this year period.
they wont be no worry
why would we cut rate when people still have a lot of money ? Stop with the speculation already.
If you want to cut rate, better give reasons
1. Political pressure from congress as the election looms.
2. Boosting wealth effect, making each individual feel richer on paper gains. Each US Household holds over 40% wealth on equities, close to the pre-crisis record high.
Inflation is another story not in focus, the mass keeps ignoring until the problem gets out of control.
Small businesses are almost bankrupt and I am one of the victims because of the higher interest rate😭💔
Prices will never come down unless it’s a bad reason. Wages are years behind prices. But don’t worry. Wall Street is just fine.
The Have Yachts vs Have Nots. FED can't provide creditable Household Inflation data, and evidently serve a different crowd. They are entirely political.
Nailed it, and none of these employed people can buy a house. What good is employment when you still can’t do anything, cost to live a normal life is way higher than wages, so being employed is a lose lose
Higher for longer
The core CPI rose 0.4% on the month and was up 3.8% on the year. Both were one-tenth of a percentage point higher than forecast. A 2.3% increase in energy costs helped boost the headline inflation number. Food costs were flat on the month, while shelter climbed another 0.4%.Mar 2024.
Sounds to me a higher rate is needed . To cool the economy. Rate cuts will hurt not help.
Agree.
Good idea, let's be patient and wait til 2025.
Thanks for timely review and continue to give reports as needed
election year, go look back at what he said in december
The fact that markets are fairing well will probably delay rate cuts even more than expected...
The Fed should just say higher for longer so market will not speculate.
He already said that before this.
No cutting rate if no see the 2% inflation.
The companies are pounding with high prices and made the rates high too. Let me check. Where is my money ?
I am confused which Powell is the real one.
Rates are not coming down till September. 50basis points between sept and December.
Politically he has to watch lowering rates before this election.
Silver 👏👏
what’s the meaning 😂? Spx Still go higher?
F.A.I.T. Powell is calling this essentially.
Good!!!
Powell is on point, too much speculation in markets will conclude with a huge correction this fall.
so long or short boys?
He is a joker and the inflation is just going up.
The Fed should leave rates where they are for the next 18 months. And say nothing. The dot plot is a failed policy that should be discontinued
They should increase
👌
I want raises to go higher. 7% please
fo sho
There has been NO overreacting to the data, what Powell is doing is underreacting to the data. Rates should go higher and there should be NO TALK of reducing rates. What we need is deflation to bring home and auto prices (among everything else) back down to where people can afford them at these current rates. Rates are not too high. Prices are too high! Rates should never go below 5% and always be above the real inflation rate. Rates should go up and once deflation is achieved and has done it's work, then rates could be gradually lowered to the 5-7% range. After that inflation should be maintained at as low a rate as possible. 0 to 1/2%. Don't use inflation to make money!! It only serves business and the rich!
Flippity flop flippity flop
Hawkish Powell
Thank you kind Sir for your assistance
People have multiple jobs that’s why economy has held. That’s probably a bad situation.
And multiple credit cards
Gold 👏
Good thing markets are closed today. That sounded a bit too hawkish for comfort.
Major gap down incoming
What would his words effect on gold rates on monday
Pump ends
You can't have your cake and eat it too! 😂
Dammed if you do = risk of reinflation
Dammed if you don't = sustained rates worsen economy
rock and a hard place
What impact in gold .??? On thi speach
Yes you doooo
Trump hiring the best people, including Powell!
The economy is not good. Tf he’s talking about? Responsible for over 13K small business bankrupt in California. SMH
S&P 500 on Monday?
I got puts so hoping $520. Will probably be $528 by the end of the day
You can at least reduce by 0.25% and wait for more data? Fed always make mistake with no accountable
The rates we have now are not too high! The problem is not rates too high, the problem is prices too high due to rates too low for too long and the government recklessly flooding the economy and markets with excessive spending!
In case you’ve still got money in a bank, Bloomberg is warning that defaults in commercial real estate loans could “topple” hundreds of U.S. banks.
quantum-mechanical fed. superposition of states.
Effect on gold prices?
No rate cut is bearish for gold prices.
What will be the effect on Gold on monday open prices ?
2 percent drop
The economy doesn’t seem to be hurting with these high rates? Are you that blind dude? New housing construction has dropped 19% in the last couple of months.
Please cut already
I love u Jerome Powell
Powell should be sitting next to Bankman Fried
yep
Oh yes they do ! Liar, liar, pants on fire !
😮I PRAY PRAY TO GOD FOR THE FED TO CUT RATES SOON 🙏🙏🙏🙏🙏🙏❤💓❤💓❤💓❤💓❤💓❤💓❤💓❤💓
Unfortunately love
Increase rates please
Some of you are way too stupid for this world lol
Anytime the Fed has news, ANY type of news, the stock markets go up. 😂😂😂 The bubble is real.
There is no bubble, S&P is trading at 29 times earnings which is expensive than historical mean at 22. But if companies justifies their earnings which they will do except companies which are heavily dependent on AI i.e. semiconductor chips as they are way overvalued including microsoft and apple. So, only selected sector I feel should go way down and other sectors will outperform SP500 this year. I see SP500 to be flat or above 4900 for next 3-4 months until Jun - July end. As one sector goes down and other sectors goes up. If you look closely, money rotation has begun with technology underperforming this week and other sectors such as gold, REIT outperforming. But overall SP500 flat +0.12%. This is how it works.
@@stocks_and_ai it's a bubble and you bought the top. Stop coping with paragraphs no one will read.
Lie...
They gonna wait too long hard landing incoming.
Best stay untouched till next year
FED gambling is always nice to see haha
Gorgeous rich or poor🤷🏻♀️🔥✊🏼
Bitcoin 👏👏👏👏👏👏👏👏👏👏👏👏👏
What about QT
You aren't bright are ya
gold DOWN
squeeze retail with false narrative rate cuts😂
Masha Allah
He needs to go
interest rates should be 9%!!!
Some of you are way too stupid for macroeconomics
So you are an expert then?
I wish
No expert, but basic understanding that 9% would absolutely destroy us. Sometimes you kids have to use that little brain. I know it's challenging though@@erichvonmolder9310
He gorgeous
CB's are racing to the bottom. Fiat currency is ending.
Y’all been saying that for the last 15 years
@@northharriscollegey'all FED Minions been living in Denial last 15 years.
What do you think value of 1 ounce of gold would be. If there was no $. How would you price an ounce of gold?
When should we expect to start pricing currency in terms of bitcoin instead of the other way around?
@@MahanFan1 isn't that the same thing?
Feds lolololol so Americans it’s time for drill baby drill ,you would not listen so it’s sink or vote Trump so we can drill baby drill and back to the top game again. Thank you Mr Feds Sir no rate cuts good.
Rates for small market related businesses are outright impossible. It's been punishing and extremely dangerous. If you bought an old comic from the early 80s and looked in the back pages, you would see ads for x-ray glasses and other technologies that didn't exist. They exist now. Back then, they were outright impossible. The x-ray glasses happened by accident via the Sony camcorder. There is more than what is fundamentally possible at risk here.
10% next week buy allinn
Bae 🫶🏻🤭📈🫵🏼
If anything good happens from the rate cut Gerome Powell gets no credit at all, but if inflation spikes because of the rate cut THE WHOLE world will blame Gerome Powell
If he starts to cause a recession, will he see it in the data fast enough to be able to save it? I think they should start soon.
Recession already started
We are in Recession, they altered the measurement. Inflation, underemployment, ... All distorted.😮
BITCOIN FINISHH DOLAR FINISH
Biggest crook in the 🌎
We desperately need a massive recession.
Trump is that you?
@@MahanFan1Libturd, is that you?
They still don't understand what I'm telling them. They make the same mistakes over and over again and want me to correct mistakes that they never thought of correcting. They don't think of changing anything. Still doing the same old style so that I could go back and change it for them. When they didn't think of changing it. I don't need to fix it for them. Because they don't think about changing their minds.
Gibberish
A landing is still a landing, eventually you have to come down to earth or you'll run out of gas and 🛬
加息吧 加油😂