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Fed Extends Pause on Rate Hikes but Keeps Door Open to Moving Higher.
- Source :
-
Wall Street Journal (Online) . 11/2/2023, pN.PAG-N.PAG. 1p. - Publication Year :
- 2023
-
Abstract
- Yields can rise because investors expect the Fed will have to raise short-term interest rates more to slow inflation or because they expect inflation to rise. Powell's comments Wednesday suggest he expects the Fed's rate increases, along with the continuing process of shrinking its $7.9 trillion asset portfolio, will eventually slow the economy, said Michael de Pass, global head of rates trading at Citadel Securities. Keywords: gfx-contrib; wsjwashington; inflation; Monetary Policy; Interest Rates; Economic News; SYND; WSJ-PRO-WSJ.com; Jerome Powell EN gfx-contrib wsjwashington inflation Monetary Policy Interest Rates Economic News SYND WSJ-PRO-WSJ.com Jerome Powell N.PAG N.PAG 1 11/06/23 20231102 NES 231102 The central bank is sorting through the implications of unexpectedly strong growth and higher borrowing costs Federal Reserve Chair Jerome Powell said Wednesday that the central bank will leave its benchmark interest rate unchanged, marking the second consecutive meeting with no increase. [Extracted from the article]
- Subjects :
- *INTEREST rates
*ECONOMIC forecasting
*FOOD prices
Subjects
Details
- Language :
- English
- ISSN :
- 25749579
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal (Online)
- Publication Type :
- News
- Accession number :
- 173412047