Analysts react to Fed policymakers scaling back rate-cut projections

June 12 - The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction for the year amid rising estimates for what it will take to keep inflation in check.

"At the same time, that majority wouldn’t feel obligated to follow through with cuts if economic data come in differently than they project. The FOMC’s members emphasize over and over again that they will make monetary decisions meeting by meeting in reaction to incoming data. "Modest adjustments to raise both inflation estimates, and unemployment rate projections were also notable and necessary modifications to support the reduction of cuts projected in the dot-plot."" generally in line. Maybe a bit disappointment relative to CPI release which they didn't have before dots were constructed.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed's Mester: Fed statements would benefit from some added length'While simpler is often seen as a virtue, it can also be a detriment, since policymaking has to be done in an uncertain world, one in which the economy is...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Fed's Mester: Fed statements would benefit from some added lengthThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »