News list for " convey"
On November 15th, Quincy Krosby, chief global strategist at LPL Financial Corporation: Federal Reserve Chairperson Jerome Powell delivered a message that the market did not want to hear, but which was made clear in the last CPI report, that the Fed cannot yet declare victory in its efforts to curb inflation. Various interpretations of the CPI report suggest that some believe the Fed may cut interest rates in December, while others warn that the year-over-year rise in inflation indicates that the...
Mr. Powell's message today appeared to be that the Fed could cut rates "slowly" given the strength of the labour market. He did not elaborate on the timing of the rate cuts, given that there will be a lot of data ahead of the July and September meetings, so today's attitude is not surprising.
