2022-11-02 23:27:05
The US Federal Reserve raised the rate by 0.75% to 4%
The market reacted by moving in both directions. Jerome Powell's theses during the FOMC press conference:
— The size of the Fed rate hike will depend on macro data!
— We are firmly committed to reducing inflation;
— The US economy has slowed down significantly compared to last year;
— The latest inflation data was again higher than expected;
— The final bid level will be higher than previously expected;
— High inflation causes significant difficulties;
— A decision has been made to slow down the rates! BUT for this, inflation must fall!
— At this meeting, we discussed the need to slow down the rate hike, but did not make a decision when, maybe in December;
— For this, inflation should decrease;
— At this meeting, we discussed slowing down the rate hike;
— The world economy is in a difficult period;
— Some countries will face difficulties because of the strong dollar.
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