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July 2024 Fed Meeting Ends With The Fed Funds Rate Still At 5.25% to 5.50%, But Treasury Yields Move Sharply Lower
"The Federal Reserve ended its July meeting by issuing a statement that adjusted its rate stance. Whereas the Fed had previously indicated that it was principally biased towards fighting inflation, its new statement indicates that there has been real progress towards its 2% target and that it is attentive to risks on both sides of the mandate (i.e., inflation and maximum employment). The shift to a neutral stance was well projected by Chairman Jerome Powell and the others on the Federal Reserve. It was also well anticipated. Only about 3% of "
"The Federal Reserve ended its July meeting by issuing a statement that adjusted its rate stance. Whereas the Fed had previously indicated that it was principally biased towards fighting inflation, its new statement indicates that there has been real progress towards its 2% target and that it is attentive to risks on both sides of the mandate (i.e., inflation and maximum employment). The shift to a neutral stance was well projected by Chairman Jerome Powell and the others on the Federal Reserve. It was also well anticipated. Only about 3% of "
Fed Ends July 2024 Meeting and Remains Unwilling to Lower Rates
"The Federal Reserve has finished its June 2024 meeting, leaving interest rates at a 5.25% to 5.50% target. While recent CPI numbers show that the pace of inflation has declined, the Fed is concerned that more progress needs to indicate a sustained move towards its 2% target. The Fed's decision to leave rates at current levels is guided by the fact that we have had a soft landing in the economy. While the labor market may be cooling, it isn't contracting. And, there are certainly "
"The Federal Reserve has finished its June 2024 meeting, leaving interest rates at a 5.25% to 5.50% target. While recent CPI numbers show that the pace of inflation has declined, the Fed is concerned that more progress needs to indicate a sustained move towards its 2% target. The Fed's decision to leave rates at current levels is guided by the fact that we have had a soft landing in the economy. While the labor market may be cooling, it isn't contracting. And, there are certainly "
