A Kaleidoscope of Possibilities What we have learned from the Great Financial Crisis (GFC) and the COVID pandemic is that, every so many years, endogenous or exogenous events shock our economy and our highly integrated and complex global system. Transmission...
https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20241218.pdf The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A, Backdrop Monetary policy actions are guided by the dual...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed and the unemployment rate has moved up but remains low. (No Change) Inflation has made progress towards the 2 percent objective...
World Affairs Council, the Federal Reserve Bank of Dallas, and the Dallas Regional Chamber of Commerce, Dallas, Texas The labor market remains in solid condition, having cooled off from the significantly overheated conditions of a couple of years ago, and is now by...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A. Backdrop The economy is strong overall and has made significant progress toward our goals over the past two years. Recent indicators...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed and the unemployment rate has moved up but remains low. (No Change) Inflation has made further progress towards the 2 percent...
I have been in many conversations and listened to numerous market observers, economists, and strategists over the past 18-months regarding the U.S. economy. Since the end of the Pandemic and the start of the Fed’s hiking cycle, there has been much speculation about No...
Coming Down the Mountain...Don't Look Down! It is the general consensus among mountain climbers and hikers that going up is relatively safer or easier than coming down. When descending, it is hard to be sure footed when distracted by the height and the fear of...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A. Backdrop The U.S. economy is in good shape. It's growing at a solid pace, inflation is coming down, the labor market is in a strong...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed and the unemployment rate has moved up but remains low. (Change) Inflation has made further progress towards the 2 percent...
This is a summary of Chairman Jerome Powell’s August 23, 2024, speech at the annual economic symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming. CURRENT STATUS DUAL MANDATE The Federal Open Market Committee's (FOMC) objective has...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have moderated and the unemployment rate has moved up but remains low. (Change) Inflation has eased over the past year but remains somewhat...
SUMMARY The FOMC sees the economy is neither overheating or sharply weakening. The labor market continues to normalize. The FOMC remains data dependent and focused on the risk of cutting rates too early or too late. Some of the Committee members examined the...
Summary The financial, emotional, geopolitical, demographics, financial and economic impact and effects (especially exposing the system vulnerability and behavioral finance) from the Pandemic have a very long tail. Changes in some areas are more structural and...
Squarely focused on achieving our dual mandate goals of maximum employment and stable prices for the benefit of the American people. (affirming commitment) Inflation has eased notably over the past two years but remains above the longer-run goal of 2 percent. Total...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. (No Change) Inflation has eased over the past...
Summary Monetary policy has kept financing conditions restrictive. By dampening demand and keeping inflation expectations well anchored, this has made a major contribution to bringing inflation back down. (new) Since the Governing Council meeting in September 2023,...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. (No Change) Inflation has eased over the past...
Summary Inflation is still too high, ongoing progress in bringing it down is not assured, and the path forward is uncertain. We are fully committed to returning inflation to our 2 percent goal (commitment and credibility). Our restrictive stance of monetary policy has...
Definition of an Investment Advice Fiduciary On April 25, 2024, the Department of Labor (Department) issued the final Retirement Security Rule and amendments to several existing Prohibitive Transaction Exemptions. This regulation is effective on September 23, 2024....