Pau-chan was doing their best!!
The US economy is strong and resilient.
While housing inflation remains strong, the overall inflation rate is expected to decline steadily.
Employment is cooling down, but it is not at the stage of becoming a problem, and I am determined to provide support if further signs of decline are observed.
It's not that they are behind in responding to the economy, but rather, based on the balance of inflation outlook and employment outlook, a 0.5 determination is appropriate based on the forecast of each (placing importance on the possibility of employment deterioration rather than the risk of inflation resurgence and making the judgment ahead of time)
Given the strength of the U.S. economy, there may be a possibility that the neutral interest rate will remain high in the future (statements against the bond market).
Based on the economic data, there are no signs of an economic downturn (stated clearly at the end).
I apologize for my poor memory. Here is a brief summary of the important points. However, I highly recommend watching the video as Paw-chan gave detailed explanations and put a lot of effort into it.
I personally think it was a pretty good press conference, in short, I think Powell wanted to convey that they took a preemptive 0.5% rate cut and will continue to take a long-term bullish stance.
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J_M_RIN OP : Why did interest rates rise rapidly due to the fall in stock prices after the FOMC? There may be a reason why there are people who are in a hurry, but since it is due to statements about the possibility that neutral interest rates are getting higher at the press conference, and in other words, due to statements that the US economy continues to grow strongly, I don't think it is an increase in interest rates that gives a negative image of stocks