{"id":103680,"date":"2024-07-15T21:11:40","date_gmt":"2024-07-15T17:11:40","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=103680"},"modified":"2024-07-15T21:15:35","modified_gmt":"2024-07-15T17:15:35","slug":"powell-decisions-to-be-made-on-a-meeting-by-meeting-basis","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/powell-decisions-to-be-made-on-a-meeting-by-meeting-basis\/07\/15\/market-updates\/","title":{"rendered":"Powell: Decisions to be made on a meeting-by-meeting basis"},"content":{"rendered":"\n<p>Fed Chairman Jerome Powell noted that the US economy has performed remarkably well in recent years while giving a nod of the head to recent inflation readings. The head of the Fed also reaffirmed that the Fed won&#8217;t be waiting until inflation reaches the 2% annual target.<br><br><strong>Key Quotes<br><\/strong><br>Economy performed remarkably well last couple of years.<br><br>This year expected economy to slow and inflation to continue to make progress; something like that is happening.<br><br>Labor market no tighter than before the pandemic.<br><br>Second quarter of inflation does represent progress with three better readings.<br><br>The three readings in second quarter to add to confidence in inflation falling.<br><br>Now that inflation has come down will look at both mandates.<br><br>If we were to see unexpected weakening in labor market, that would merit reaction from us.<br><br>Not going to send any signal on any particular meeting.<br><br>Will make decisions meeting by meeting.<br><br>Will make decisions based on evolving data and outlook.<br><br>The Fed&#8217;s undertaking is to make decisions on data, and only on data, not politics.<br><br>If the Fed waits for inflation to get to 2% to cut it has waited too long.<br><br>The test is that officials want to be confident it is moving down; more good data will add to confidence, and lately the Fed has been getting that.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fed Chairman Jerome Powell noted that the US economy has performed remarkably well in recent years while giving a nod of the head to recent inflation readings. The head of the Fed also reaffirmed that the Fed won&#8217;t be waiting until inflation reaches the 2% annual target.Key QuotesEconomy performed remarkably well last couple of years.This &hellip;<\/p>\n","protected":false},"author":13,"featured_media":103687,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,6987,7163,8109,7740],"class_list":["post-103680","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-jerome-powell","tag-q2","tag-rate-cut"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=103680"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103680\/revisions"}],"predecessor-version":[{"id":103688,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103680\/revisions\/103688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/103687"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=103680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=103680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=103680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}