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Federal Reserve:Meetings/2023 February 01: Difference between revisions
Federal Reserve:Meetings/2023 February 01 (view source)
Revision as of 22:04, 31 January 2023
, 31 January 2023→Analyst commentary
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* Financial conditions have loosened significantly in recent months and, by some measures, are around levels that prevailed last March when the Fed initiated this hiking cycle. | * Financial conditions have loosened significantly in recent months and, by some measures, are around levels that prevailed last March when the Fed initiated this hiking cycle. | ||
* A faster journey to the peak rate that has already been signaled, and reiterated by Fed officials several times, reduces the complexities of linking the path to a variable destination. | * A faster journey to the peak rate that has already been signaled, and reiterated by Fed officials several times, reduces the complexities of linking the path to a variable destination. | ||
* | |||
Danielle DiMartino Booth, still expects 0.25bps despite financial conditions loosening:<ref>https://www.youtube.com/watch?v=x1jPCbLAZI4</ref> | |||
* 0.25 bps rate hikes still expected in march and probably 1 last one in May. | |||
* QT will still be going at the same pace, and no pause there is expected. Which means thighnening will still be in place in some extent. | |||
* Treasury have been spending its TGA account due to the debt limit, adding liquidity to the markets in the short term. | |||
== Meeting Results == | == Meeting Results == | ||
== Assessment == | == Assessment == | ||