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[Rogerdodger]

https://www.youtube....m10FWQv4WlSQ63l

Moments Ago

FOMC isn’t ‘at that stage’ to begin cutting rates, Powell says

Fed Chair Jerome Powell said on Wednesday afternoon that the FOMC has not yet begun to consider cutting rates.

“We’re not really at that stage, there was no proposal to cut rates. ... We weren’t actively considering moving the federal funds rate down,” he said.

 

"Leave rates unchanged and continue to reduce our securities holdings"

 

"There’s a ‘ways to go’ before saying soft landing has been achieved"

Edited by Rogerdodger, 31 January 2024 - 03:03 PM.

[qqqqtrdr]

There was only a chance or one or two rate cuts at the end of 2024 and this was talked about by the Fed last time.    It seemed that the heard is expecting a different answer.    So expectations by many were unrealistic, but positioning did not change, so I don't expect the market will either except for today.