US FOMC Statement
It's the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes;
The FOMC usually changes the statement slightly at each release. It's these changes that traders focus on;
- History
Expected Impact / Date | Description |
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Jun 12, 2024 | |
May 1, 2024 | |
Mar 20, 2024 | |
Jan 31, 2024 | |
Dec 13, 2023 | |
Nov 1, 2023 | |
Sep 20, 2023 | |
Jul 26, 2023 | |
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- US FOMC Statement News
I am ready to call it. The Fed should cut rates. July would be the right time to start in my opinion. To be clear, I don’t think they will do this. I still think the baseline first cut is November because the next few inflation prints will appear sticky enough for the Fed to keep rates where they are. And the election is too close to the September meeting for them to initiate cuts then. So I still think November is what we’re looking at. But if I were Jerome Powell I would cut in July. Here’s why: If you look at the Roche Recession ...
The Federal Open Market Committee (FOMC) met this week and voted unanimously to hold rates steady for the seventh consecutive meeting, leaving its policy range at 5.25 percent to 5.5 percent. This decision was widely anticipated, with futures markets pricing in a near-zero percent chance of a rate cut in the days and weeks leading up to the meeting. As we approach the second half of the year, what contributed to this month’s decision and what are Fed officials forecasting for the remainder of 2024? Fresh Prints May’s inflation data ...
One softer-than-expected monthly inflation reading didn’t stop Federal Reserve officials from delaying the expected start of interest rate cuts. On the same day that core consumer price index (CPI) inflation registered its softest monthly reading in almost three years, the Fed adjusted higher its estimate for where its policy rate would land at year-end. The new median rate projection is 5.1%, implying one 25-basis-point (bp) rate cut in 2024, instead of the three 25-bp cuts estimated in the previous projections back in March. ...
Asset prices spiked higher in early trading on Tuesday after the latest Consumer Price Index (CPI) came in cooler than expected, but the gains moderated in the afternoon after the Federal Reserve held interest rates unchanged and projected just one rate cut this year, down from the two markets had been anticipating. “Consumer prices were unchanged in May from the previous month, which is a good sign, considering the slight decline of the CPI in April,” said Leena ElDeeb, Research Associate at 21Shares, in a note shared with Kitco ...
The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year. With markets hoping for a more accommodative central bank, Federal Open Market Committee policymakers following their two-day meeting took two rate reductions off the table from the three indicated in March. The committee also signaled that it believes the long-run interest rate is higher than previously indicated. New forecasts released after this week’s two-day meeting indicated slight ...
The Federal Reserve is expected to keep interest rates at a 23-year high for the seventh consecutive meeting on Wednesday and signal that it will cut rates this year fewer times than previously thought. Investors and other market observers will be paying close attention to Fed officials’ latest economic forecasts — known as the “dot plot.” Economists are widely expecting officials to pencil in one or two rate cuts this year, instead of the three they forecast in March. Their projections for inflation will also be an important clue ...
Wednesday is shaping up to be one of the most important days of the year for economic news, as investors will hear about the path of inflation and the manner in which the Federal Reserve plans to react. In a one-two punch that starts in the morning with the pivotal consumer price index reading for May and ends with the Fed’s policy meeting in the afternoon, vital signals will be sent about the direction of the economy and whether policymakers can soon take their foot off the brake. The day “packs months of macro risk into one day,” ...
Cryptocurrencies slumped on Tuesday as bitcoin extended its recent slide and investors awaited the Federal Reserve’s next rate decision. The price of bitcoin dropped more than 4% to $66,475, according to Coin Metrics, extending a decline that began Friday when bitcoin retreated from the $70,000 level. Ether fell 6.1% to $3,452.02. Cryptocurrencies broadly, along with crypto-related equities, were in the red. Coinbase and MicroStrategy were each down more than 4%, while miners Marathon Digital and Riot Platforms both lost more than ...
Upcoming release on Jul 31, 2024 |
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Released on Jun 12, 2024 |
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