FOMC Minutes: Participants saw gradual move to more-neutral stance if data as expected ...Middle East

forex live - News

Participants indicated if data came in about as expected, it would be appropriate to continue to move gradually toward a more-neutral stanceParticipants indicated Fed was at or near point at which it would be appropriate to slow pace of easingMost see risks to employment and inflation goals as "roughly balanced""Almost all" participants see increased upside risks to inflation outlookForeign central banks generally easing policy faster than Fed heading into 2025GDP continues "solid" expansion though slower than previous quartersCredit conditions still restrictive despite easing in borrowing costs'Some' participants favored holding rates steady given inflation persistence risksStrong consumer spending supported by labor market, rising real wagesHousing services inflation moderating but "somewhat elevated"Business contacts report increased price sensitivity from consumersBroad equity prices rise on corporate profit optimism post-election

This is an important detail:

"All participants judged that uncertainty about the scope, timing, and economic effects of potential changes in policies affecting foreign trade and immigration was elevated. Reflecting that uncertainty, participants took varied approaches in accounting for these effects. A number of participants indicated that they incorporated placeholder assumptions to one degree or another into their projections. Other participants indicated that they did not incorporate such assumptions, and a few participants did not indicate whether they incorporated such assumptions."

This is also notable when it comes to staff forecasts:

"After incorporating the recent data and preliminary placeholder assumptions about potential policy changes, real GDP growth was projected to be slightly slower than in the previous baseline forecast, and the unemployment rate was expected to be a bit higher but to remain near the staff's estimate of its natural rate."

The market is largely unmoved on the data.

This article was written by Adam Button at www.forexlive.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( FOMC Minutes: Participants saw gradual move to more-neutral stance if data as expected )

Also on site :

FOMC Minutes: Participants saw gradual move to more-neutral stance if data as expected ...Middle East

Katie Holmes Wore A Little Black Dress That Turned Heads — This $19 Amazon Version Will Do the Same

As IMF gives $1bn loan to Pakistan, Congress evokes Indira Gandhi’s 1981 triumph

Online and Pregnant

5 Indian Players Who Can Break Rohit Sharma's Captaincy Records In Test

Aged 26 I Walked Into Work and Collapsed, Then My Life Changed Forever

Gap Factory Is Selling an 'Adorable' $60 V-Neck Dress for Just $24, and Shoppers Say It’s 'Soft' and 'Flattering'

India and Pakistan ceasefire shaken by overnight border fighting in disputed Kashmir region

Asking Eric: He’s using our mom as a therapist, dumping all his darkness and drama on her

Stansted Airport IT failure sparks travel chaos – with 10,000 passengers missing flights and hours of delays

GEM receives Comoros President, Japanese minister

Fragile ceasefire holds between India, Pakistan as Trump offers more help

DynaFile Leverages the Power of Adobe Acrobat Sign to Eliminate Paper and Simplify HR Document Management

PM affirms key role of NERIC factory in railway industry localization

Blake Lively’s Lawyers Seeking Justin Baldoni’s Financial Records

China’s unemployed Gen Z are proudly calling themselves ‘rat people’ in a rebellion against burnout