Chancellor of the Exchequer Rachel Reeves says the UK government was looking at measures to reduce inflation when it publishes its next budget in November https://t.co/HbLdKte7ZA ...

Join us now with his reaction to the Fed's decision and chairman Pal's comments. National Economic Council Director Kevin Hasset, you're okay, right. You you were enjoying things.You're you're getting your thoughts together uh and everything. Hopefully the guy with the lawnmower is uh is not coming out today. Kevin, >> that was funny last week.>> Unbelievable. Um 25 basis points. Um it's a start.How what how do you view that. You know, my old friend Alan Greenspan used to say that monetary policy steering i ...

So what did you make of the quarterpoint cut and also some of the commentary from J Pal uh just talking about the dispersion the summary of economic projections and also our Steve Leeman asked a great question are we on a path for cuts and JP pal came back and said well we're more data dependent something he obviously has said in previous meetings >> well the meeting turned out to be what most of us expected to have happen the 25 basis point cut >> I think what was would have been more problematic was we di ...

Federal Reserve Policy & Interest Rates - The Federal Reserve cut interest rates by 0.25 percentage points, a decision characterized as "risk management" [1] - The vote for the rate cut was 11 to 1, with one Fed Governor voting for a 0.5 percentage point reduction [1] - The Fed is signaling the possibility of two more rate cuts before the end of the year [2] - The concept of a "risk management cut" suggests the balance of risk has shifted towards weakness in the labor market [7] Economic Outlook & Risks - The economy faces two-sided risk, with a weak labor market and high inflation, creating a difficult situation for policymakers [2][6] - Inflation remains high, potentially increasing gradually, while the labor market shows some weaknesses [5] - Recent retail sales data surprised on the upside, indicating some remaining strength in the economy [13] - The economy is more complicated than headlines suggest, with consumption largely driven by wealthier Americans [16][17] Housing Market - The US is estimated to be 2 to 3 million houses short of the required amount, making it a complex supply and demand story [16] - A 0.25 percentage point rate reduction is not expected to dramatically change the housing outlook [16]

ECB Vice President Luis de Guindos said the risk of undershooting the inflation goal isn’t elevated, even if the latest projections continue to show a period of price gains falling below 2% https://t.co/w0iGvCX8ix ...

It is time now for money power politics and the reason I'm in DC today. Today the Federal Reserve delivered its first interest rate cut of the year. The central bank only lowered rates by a quarter point this time, but officials also signaled two more cuts are coming this year. That might sound like good news, but all of this hints at something that until now still seemed avoidable. An economic slowdown. And it comes as Trump's Treasury Secretary Scott Besson calls for an independent review of the entire Fe ...

Stay right there because I will and we got a great great guest, a perfect guest actually to answer this because I'm going to say something too that that and and this is one of the reporters I can't remember who followed up with Jerome Pal and said you I'm confused. I was listening to Jerome Pal. I was a little confused.He didn't sound as focused as maybe I would have liked him to be. But doesn't matter what I think. Let's bring in Richard Fischer, former Dallas Federal Reserve president, also a CBC contribu ...

Federal Reserve Policy & Market Reaction - The market had priced in a 25 basis point cut, with expectations inching towards more cuts later in the year and in 2026 [2] - The Federal Reserve's dual mandate appears fairly balanced [5] - The stock market and 10-year yield closed flat following the Fed's decision [6] - Rates decreased by approximately 10% in the two months leading up to the decision [8] Investment Strategies & Market Sentiment - Waiting for the Fed's actual rate call to buy stocks is considered too late by hedge funds and major institutions [10][11] - A durable rally typically requires the Fed to cut rates well below neutral levels [12] - The rally observed has largely been in anticipation of the rate cut [13] - Gold has increased by 11% alongside a significant rise in the stock market over the last three months [7] Future Outlook & Dissent - Expectations regarding future policy changes rapidly [9] - As May 2026 approaches, when Powell's term ends, the Fed may become more dovish [9] - Seven individuals called for no cut [8]

Um, I wanted to ask about inflation expectations. Um, you've said the Fed can't take the stability of inflation expectations for granted. Um, you mentioned at the short run they've gone up a little bit.I wonder if you can talk a bit a bit about that. Um, and then also at the long run, I'm wondering do you see evidence that the debate over Fed independence and the growing deficit is putting pressure on inflation expectations. So, as you as you said, um, shorter term inflation expectations have tended to resp ...

The Federal Reserve announced a modest and highly anticipated rate cut, reacting to cracks in the US labor market. But that doesn’t mean it’s not worried about inflation. Listen to the Big Take. https://t.co/LIwxw3F08C ...