Posted by retirefire on 3rd of Nov 2022 at 09:13 am
Consider
this quotefrom Fed Chair Jerome
Powell today, “
Inflation remains well above our longer-run goal of 2 percent.
Over the 12 months ending in September, total PCE prices rose 6.2
percent. Excluding the volatile food and energy categories core PCE
prices rose 5.1 percent. And the recent inflation data again have
come in higher than expected. Price pressures remain evident across
a broad range of goods and services.
Russia’s war against Ukraine has boosted prices for energy
and foodand has created additional upward pressure on
inflation.”
The problem I had with yesterday was that the release, though
not completely dovish, sounded much more so like some of the
parties who had agreed to it, weren't quite as hawkish and were
aware of ramifications it was having on other countries. It's was
almost like there were 2 different releases. If the release had
just come out and said what Powell said so start with I feel it
would have been more accurate.
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Consider this quotefrom Fed Chair
Posted by retirefire on 3rd of Nov 2022 at 09:13 am
Consider this quotefrom Fed Chair Jerome Powell today, “ Inflation remains well above our longer-run goal of 2 percent. Over the 12 months ending in September, total PCE prices rose 6.2 percent. Excluding the volatile food and energy categories core PCE prices rose 5.1 percent. And the recent inflation data again have come in higher than expected. Price pressures remain evident across a broad range of goods and services. Russia’s war against Ukraine has boosted prices for energy and foodand has created additional upward pressure on inflation.”
Yup all Russia's fault LOL.
wsj.com
Transcript: Fed Chief Powellâs Postmeeting Press Conference - WSJ
Federal Reserve Chairman Jerome Powell discussed why the central bank increased interest rates by three quarters of a percentage point again, and said the Fed is aiming for a âsufficiently restrictiveâ policy stance to bring inflation back down to its 2% target.
Well, he did say "additional"
Posted by mastermind on 3rd of Nov 2022 at 09:45 am
Well, he did say "additional" and that's probably right.
The problem I had with
Posted by racerick on 3rd of Nov 2022 at 09:28 am
The problem I had with yesterday was that the release, though not completely dovish, sounded much more so like some of the parties who had agreed to it, weren't quite as hawkish and were aware of ramifications it was having on other countries. It's was almost like there were 2 different releases. If the release had just come out and said what Powell said so start with I feel it would have been more accurate.