Live Follow-Up: Federal Reserve Chairman’s Statements on Interest Rates and Market Impact

Investing.com – After a firm decision for the first time after 10-fold hikes, the Federal Reserve chair answers, after the Federal Reserve’s Open Market Committee decision.

We will provide you with live follow-up of the most important announcements, so please keep refreshing the page to get all the latest news directly

The most important statements:

• The Fed is committed to cutting to the target level of 2%.
• All members of the Open Market Committee believe that raising this year another time is appropriate
• The real estate sector suffers from continuous weakness
• The job market is still strong
• Supply and demand in the labor market is nearing equilibrium
• Inflation is still well above the target of 2%.
• Inflation will end the year at 3.4%.
• Returning inflation to the target of 2% still has a long way to go
• We monitor the repercussions of monetary policy in the real estate and investment market
• The full ramifications of monetary policy remain uncertain
• During this meeting, the Fed decided to pause after moving quickly and aggressively to raise interest rates
• The Fed may raise rates later this year
• The Open Market Committee will take into account the cumulative ramifications of the rate hike
• We will make the interest decision meeting by meeting (no long term expectations)
• Lower inflation needs to be below trend growth, as well as a weak labor market
• The Fed has not made a decision on the interest rate in July
• I expect the July meeting to be important
• The interest level at 5.6% is consistent with expectations before the banking crisis
• We must see supply continue to recover for inflation to remain subdued
• Reducing inflation in non-housing services entails a contraction in the labor market
• Reducing wage inflation requires that the labor market weaken
• We do not yet know the full ramifications of the turmoil in the banking sector
• Pinning interest shouldn’t be called a “miss-it.”
• We want to see PCE move strongly to the downside
• I don’t see much progress on the decline in personal consumption expenditures
• If we see more ramifications from credit constraints, we will keep this in mind when making our next interest rate decision
• None of the monetary policy makers see a rate cut this year
• A rate cut this year will not be appropriate
• It would be appropriate to cut interest when inflation is down
• We are now talking about cutting interest over the next two years
• We do not see progress in reducing core inflation as satisfactory to the Open Market Committee
• I expect losses in the commercial real estate market, but they will be distributed
• The Fed is watching the banking system closely