Wall Street Interpretation
Federal Reserve officials are trying to assess whether a slight increase in their benchmark policy rate is needed and debating how long they should keep rates high. The policy-setting Federal Open Market Committee (FOMC) last week kept interest rates in a range of 5.25%-5.5%, the highest level in 22 years. U.S. inflation has declined but remains above the Fed's target, with inflation for the year through September at 3.4%. Fed officials are scheduled to meet again on December 12-13.
"We continue to believe the Fed is done raising rates this cycle, but today's speech should serve as notice that their rhetoric must remain hawkish until they see further improvement in inflation," said Michael JPMorgan Chase & Co. chief U.S. economist · Feroli said in a memo to clients: #etf #sol #ETH #BTC $BTC $ETH $BNB
Federal Reserve officials are trying to assess whether a slight increase in their benchmark policy rate is needed and debating how long they should keep rates high. The policy-setting Federal Open Market Committee (FOMC) last week kept interest rates in a range of 5.25%-5.5%, the highest level in 22 years. U.S. inflation has declined but remains above the Fed's target, with inflation for the year through September at 3.4%. Fed officials are scheduled to meet again on December 12-13.
"We continue to believe the Fed is done raising rates this cycle, but today's speech should serve as notice that their rhetoric must remain hawkish until they see further improvement in inflation," said Michael JPMorgan Chase & Co. chief U.S. economist · Feroli said in a memo to clients: #etf #sol #ETH #BTC $BTC $ETH $BNB