The US central bank, the Fed, has announced its highly anticipated interest rate decision. The Fed increased the interest rate by 0.50 basis points. Gold and Bitcoin price were affected by the FED’s decision. FED Chairman Jerome Powell is holding a press conference half an hour after the announcement. The interest rate decision was taken unanimously. Eyes on Jerome Powell’s statements… cryptocoin.com We have compiled all the details for you, let’s examine the explanations together… The article will be constantly updated with new statements from the FED Chairman. Update the page constantly so you don’t miss the explanations!
FED President is speaking: Gold and Bitcoin investors are in these statements!
The US central bank, the Fed, announced its expected interest rate decision. The Fed had increased the interest rate by 75 basis points in its previous meetings, and at today’s meeting, the FED increased the interest rate by 0.50 basis points. This decision came in line with market expectations. The FED increased the policy rate by 50 basis points to the range of 4.25% – 4.50%. The Fed reiterated its view that continued rate hikes would be appropriate. The median interest rate forecast of the FED for 2023 was 5.1% and for 2024 was 4.1%.
- Inflation risks are monitored very carefully.
- We need to maintain the tight monetary policy for a while.
- We have a lot of work to do.
- We think that continued increases in FED rates will be appropriate.
- The full effects of this year’s rapid tightening have not yet been felt.
- The economy has slowed significantly compared to last year’s path.
- The labor market is extremely tight.
- Indicators point to a moderate growth this quarter.
- Although a 50 basis point rate hike is historically high, we still have a long way to go.
- We will avoid premature easing in monetary policy.
- More evidence is needed to be confident that inflation is on a sustained downward path.
- Monetary policy decisions will depend entirely on data.
- Our monetary policy stance is not restrictive enough, continuing interest rate hikes are appropriate.
- The Fed will answer how long the interest rate will stay at its peak when it sees that inflation is approaching the target permanently.
- The monetary policy stance is not yet restrictive enough, despite today’s rate hike.
- Inflation doesn’t look like it’s going to drop fast, so we’ll have to raise interest rates further.
- We have no intention of reducing these interest rates without seeing a clear downward movement in inflation.
- The US economy has slowed significantly.
- The dominant view at FOMC is that there is a need to keep interest rates at their peak until we are ‘really confident’ that inflation is falling sustainably.
- We still have a lot of work to do.
- It may be necessary to increase interest rates for a while.
- The extent of the rate hike in February will depend on incoming data.
- The dominant view at FOMC is that there is a need to keep interest rates at their peak until we are ‘really confident’ that inflation is falling sustainably.
- At some point the question will be how restrictive monetary policy remains.
- The extent of the rate hike in February will depend on incoming data.
- Inflation is expected to progress faster than ever, we need to tighten policy even more.
- No interest rate cuts until we are sure that there will be no easing in inflation.
- No rate cuts until we are sure of a 2% easing in inflation.
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