"The Federal Open Market Committee (FOMC) strives to reach a policy position that is tight enough to bring inflation back to 2% in the near term. We are not confident in saying that we have reached that state," he shared at an event organized by the International Monetary Fund (IMF) in Washington (USA).
The above comments were made when inflation was still higher than the Fed's target, but had cooled significantly compared to the peak in 2022. After 11 consecutive interest rate hikes, bringing interest rates to 5.25-5, 5%.
"My colleagues and I are happy about the progress that has been achieved, but the journey to bring inflation to the 2% mark is still long," he said. "We will continue until we succeed."
He said the Fed's focus now is determining whether interest rates need to be raised further and how long they need to stay high.
The market largely predicts that the Fed has ended its cycle of raising interest rates. According to CME Group, traders forecast a lower than 10% probability that the Fed will raise interest rates at its December meeting. They also expect the Fed to begin reducing interest rates from the middle of next year.
The above comments were made when inflation was still higher than the Fed's target, but had cooled significantly compared to the peak in 2022. After 11 consecutive interest rate hikes, bringing interest rates to 5.25-5, 5%.
"My colleagues and I are happy about the progress that has been achieved, but the journey to bring inflation to the 2% mark is still long," he said. "We will continue until we succeed."
He said the Fed's focus now is determining whether interest rates need to be raised further and how long they need to stay high.
The market largely predicts that the Fed has ended its cycle of raising interest rates. According to CME Group, traders forecast a lower than 10% probability that the Fed will raise interest rates at its December meeting. They also expect the Fed to begin reducing interest rates from the middle of next year.
Note
BUY XAU 1934 - 1933TP1: 1947
TP2: 1953
SL: 1920
Note
running + 60 pipsNote
The market today does not fluctuate muchNote
hit TP1
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.