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Search resuls for: "Ann Saphir Lindsay Dunsmuir"


2 mentions found


☆ Fed officials keep options open on peak interest rate
  + stars: | 2023-02-14 | by ( Ann Saphir Lindsay Dunsmuir | Ann Saphir | Lindsay Dunsmuir | ) www.reuters.com   time to read: +5 min
The Fed's policy rate is currently in a 4.50%-4.75% target range. By the Fed's preferred measure, inflation is still running at a 5.0% annual rate. Harker last week flagged the prospect of rate cuts in 2024 should inflation continue to ease. However, following the CPI release on Tuesday, traders of interest rate futures now see the Fed raising borrowing costs three more times, bringing the policy rate to the 5.25%-5.50% range by July, if not June. "My own view is that, given the risks, we shouldn't lock in on a peak interest rate or a precise path of rates," she said.
☆ Fed's Powell says no rate cuts this year, and markets hear it differently
  + stars: | 2023-02-02 | by ( Ann Saphir Lindsay Dunsmuir | Ann Saphir | Lindsay Dunsmuir | ) www.reuters.com   time to read: +6 min
"It's going to take some time" for disinflation to spread through the economy, Powell said in a news conference following the Fed's latest quarter-point interest rate increase. He said he expects a couple more rate hikes still to go, and, "given our outlook, I just I don't see us cutting rates this year." Rate cuts, they expect, will start in September - a view Powell said Wednesday is driven by the expectation of fast-receding inflation. Since the 1990s, the interlude between rate hikes and rate cuts has varied from as long as 18 months in 1997-1998 to as short as five months in 1995. The Fed, Powell said Wednesday, cannot risk doing too little.
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