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Federal Reserve:Meetings/2023 May 3: Difference between revisions
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* Market is expecting 0.25 bps with a 82% probability. <ref>https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html</ref> | * Market is expecting 0.25 bps with a 82% probability. <ref>https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html</ref> | ||
== Commentary == | |||
=== Boston Fed president Eric Rosengren === | |||
Is not necessary to raise rates anymore, as the economy is likely to slowdown in seconf half of the year. But the FED will most likely do it.<ref>https://www.youtube.com/watch?v=Y26kAUOwB0M</ref> | |||
- Banking stress will continue to be under stress | |||
Credit losses from CRE and other sectors under stress | |||
Deposit outflows continue | |||
- We will most likely see further credit tightening in the loan officer survey | |||
- Debt Ceiling uncertainty | |||
- Credit crunches dont happen often, so ability to predict the effect on the economy is difficult. | |||
== References == | |||