Federal Reserve officials, during their last policy meeting of 2023, indicated that interest rates were likely at their peak and projected that it would be appropriate to lower rates by 75 basis points by the end of 2024. The officials agreed that the restrictive policy stance should continue for some time to ensure inflation moves sustainably towards the Fed's 2% target. Despite the anticipation of rate cuts, several officials noted that the policy rate could remain at its peak longer than previously expected. The minutes revealed that officials saw clear progress made towards the inflation target in 2023, and they expect GDP growth to cool and the labor market to rebalance. Market participants are adjusting their expectations, with some predicting the initial rate cuts could start in the third quarter of 2024. Atlanta Fed President Raphael Bostic mentioned that inflation has come down more than he anticipated and sees two quarter-point rate cuts as appropriate by year-end. He expects the first rate cut to occur in Q3. Fed Governor Bowman stated that the policy rate appears 'sufficiently restrictive' and backed eventual rate cuts if inflation continues to fall. However, she and Bostic emphasized the need for the Fed to remain diligent and not to declare victory against inflation prematurely.
The S&P 500 and Dow closed lower as investors assessed the timing and size of any interest rate cuts by the Fed in 2024. Expectations that the central bank could begin cutting rates as soon as March have been slowly decreasing https://t.co/YzvV4xudMl https://t.co/DhkSSNPYHk
US stocks closed mostly lower as investors awaited key inflation reports likely to provide more insight about when the Federal Reserve will begin to cut rates Read more: https://t.co/qXNqtrgSZB https://t.co/HYfndJ1FRA
US stocks closed mostly lower as investors awaited key inflation reports likely to provide more insight about when the Federal Reserve will begin to cut rates https://t.co/YzvV4xudMl https://t.co/nshCnpOqLY
“.. Bostic said the first cut should be by the third quarter. He is the first Fed official to give that specific forward guidance .. so him saying the first cut by Q3 is a 'big' signal that the Fed may not pull the trigger so quickly on rates.” - @NewEdgeWealth #FOMC https://t.co/QBZvo3Qto0
Fed policy rate appears 'sufficiently restrictive': Bowman https://t.co/EwA5xSLo4L https://t.co/YYmSqO9Fft
Fed’s Bowman Backs Eventual Rate Cuts If Inflation Falls Further “Should inflation continue to fall closer to our 2% goal over time, it will eventually become appropriate to begin the process of lowering our policy rate…“We are not yet at that point” https://t.co/OAKu8oT5Vc
Fed's Bowman and Bostic caution against rate cuts too soon https://t.co/1k72XEvdla by @Jenniferisms
⚠️ FED'S BOWMAN SAYS POLICY RATE APPEARS 'SUFFICIENTLY RESTRICTIVE' Full Story → https://t.co/IjCCb00YW6 https://t.co/MWyXcKa9rx
#FED’S BOWMAN SAYS POLICY RATE APPEARS ‘SUFFICIENTLY RESTRICTIVE’ BOWMAN: REMAIN WILLING TO HIKE IF #INFLATION PROGRESS STALLS
Bowman Says Could Become Appropriate For Fed To Cut Rates https://t.co/RFEc415U6j
🔸 BOWMAN: POLICY APPEARS SUFFICIENTLY RESTRICTIVE TO HIT 2% GOAL 🔸 FED’S BOWMAN: RATE CUTS EVENTUALLY WARRANTED AS INFLATION FALLS
🔴 FED'S BOWMAN: WE ARE NOT YET AT POINT WHERE RATE CUTS ARE APPROPRIATE.
🔴 FED'S BOWMAN: RATE CUTS WILL BE EVENTUALLY WARRANTED AS INFLATION FALLS.
🔸 FED’S BOWMAN SAYS POLICY RATE APPEARS ‘SUFFICIENTLY RESTRICTIVE’ 🔸 BOWMAN: REMAIN WILLING TO HIKE IF INFLATION PROGRESS STALLS
Fed governor Miki Bowman, who over the past year has sounded like the most hawkish person on the FOMC, says rate cuts could come into view. “It will eventually become appropriate” to lower rates if inflation keeps falling. “In my view, we are not yet at that point.” https://t.co/6IOZDXN1XD
🔴 FED'S BOWMAN: POLICY APPEARS SUFFICIENTLY RESTRICTIVE TO HIT 2% GOAL.
🔴 FED'S BOWMAN: I REMAIN WILLING TO HIKE IF INFLATION PROGRESS STALLS.
Atlanta Fed President Raphael Bostic says inflation has come down more than he expected and is on a path today to reaching the Fed’s goal https://t.co/7v3NX16o6J via @economics @msasso @SteveMatthews12
Fed member Bostic just said that he sees just 2 interest rate cuts in 2024 for a total of 50 basis points. This ONE THIRD the amount of rate cuts that futures are currently pricing-in. Bostic also said that he is "not comfortable declaring victory" against inflation at this… https://t.co/a2hrWUbzo0
#FED'S BOSTIC SAYS HE EXPECTS FIRST RATE CUT IN Q3
⚠️ FED'S BOSTIC: INFLATION, EMPLOYMENT GOALS NET YET IN CONFLICT (Reuters) The Federal Reserve's dual goals of lowering inflation and maintaining low unemployment are not yet in conflict, Atlanta Fed President Raphael Bostic said on Monday. "The risk of that possibility has…
JUST IN: Fed's Bostic has just said: I see an initial rate cut in the third quarter
🔴 FED'S BOSTIC: I SEES AN INITIAL RATE CUT IN THE THIRD QUARTER.
🔴 FED'S BOSTIC: THERE IS STILL SPACE FOR WAGES TO GROW WITHOUT INFLATION.
🔴 FED'S BOSTIC: THE LABOR MARKETS REMAIN STRONG IN THE AGGREGATE AND SUGGEST CONTINUED MOMENTUM IN THE ECONOMY.
🇺🇸 FED'S BOSTIC: SAYS HE EXPECTS FIRST RATE CUT IN Q3 https://t.co/tUxEWnibwx
🔸 FED'S BOSTIC SAYS HE EXPECTS FIRST RATE CUT IN THIRD QUARTER
🔴 FED'S BOSTIC: INFLATION AND EMPLOYMENT MANDATES ARE NOT YET IN CONFLICT.
🔴 FED'S BOSTIC: I AM COMFORTABLE WITH THE CURRENT RATE LEVEL.
🔴 FED'S BOSTIC: POLICY WILL STILL NEED TO BE RESTRICTIVE AT THE END OF THE YEAR. BUT PROGRESS ON INFLATION WILL WARRANT LOWER RATES.
🇺🇸 FED'S BOSTIC: I SEE TWO 0.25 POINT RATE CUTS APPROPRIATE BY END OF YEAR
🔴 FED'S BOSTIC: I SEE TWO QUARTER POINT RATE CUTS APPROPRIATE BY END OF YEAR.
🔴 FED'S BOSTIC: THE TOPLINE JOB NUMBERS HAVE BEEN PRETTY STRONG, BUT THE RECENT STRENGTH HAS BEEN FOCUSED IN A RELATIVELY SMALL PART OF THE ECONOMY.
🔴 FED'S BOSTIC: AT THIS MOMENT, I AM NOT COMFORTABLE DECLARING VICTORY. THE FED NEEDS TO REMAIN DILIGENT AND SHORT RUN ATTENTIVE.
🔴 FED'S BOSTIC: WE'RE ON PATH TO 2% INFLATION TODAY, THE GOAL IS TO STAY ON THE PATH.
#FED'S BOSTIC SAYS #INFLATION HAS COME DOWN MORE THAN HE EXPECTED
🔴 FED'S BOSTIC: THE FED CAN LET RESTRICTIVE POLICY CONTINUE TO WORK TO SLOW INFLATION, I EXPECT THE PROCESS WILL REMAIN ORDERLY.
🔴 FED'S BOSTIC: THE FED IS IN A VERY STRONG POSITION RIGHT NOW.
FED'S BOSTIC: SAYS INFLATION HAS COME DOWN MORE THAN HE EXPECTED FED'S BOSTIC: THE RISE IN UNEMPLOYMENT HAS BEEN FAR LESS THAN WHAT WOULD TYPICALLY BE THE CASE GIVEN THE REDUCTION IN INFLATION.
🔸 FED'S BOSTIC SAYS INFLATION HAS COME DOWN MORE THAN HE EXPECTED 🔸 FED'S BOSTIC: RISE IN UNEMPLOYMENT HAS BEEN "FAR LESS" THAN WHAT WOULD TYPICALLY BE THE CASE GIVEN THE REDUCTION IN INFLATION
🔴 FED'S BOSTIC: THE RISE IN UNEMPLOYMENT HAS BEEN FAR LESS THAN WHAT WOULD TYPICALLY BE THE CASE GIVEN THE REDUCTION IN INFLATION.
🔴 FED'S BOSTIC INFLATION HAS COME DOWN MORE THAN I EXPECTED.
This is incredible: Interest rate cut expectations in 2024 are down ~10% over the last 10 days. Still, markets are expecting a massive Fed pivot during 2024. 6 months ago, markets saw up to 2 more interest rate HIKES in 2024. Then, we saw markets add 150 basis points of rate… https://t.co/I3jPFdfRrO
This is incredible: Interest rate cuts expectations in 2024 are down ~10% over the last 10 days. Still, markets are expecting a massive Fed pivot during 2024. 6 months ago, markets saw up to 2 more interest rate cuts in 2024. Then, we saw markets add 150 basis points of rate… https://t.co/iqQQ3LyNxX
Federal Reserve officials agreed during their last policy meeting of 2023 that interest rates were likely at their peak, and almost all of them predicted lower rates "would be appropriate by the end of 2024." https://t.co/nHlRhYtvwE
🔴 FED'S BARKIN: THE LABOR MARKET IS NORMALIZING NICELY GIVEN THE LEVEL OF RATE INCREASES THAT THE FED HAS APPROVED.
Warning: Fed anticipates rate cuts in 2024 But rate cuts typically happen during recessions https://t.co/U95wH01Zh7
⚠️ TRADERS PARE BETS ON MARCH START TO FED RATE CUTS AFTER STRONG JOBS DATA (Reuters) Traders on Friday tempered expectations for the Federal Reserve to start cutting interest rates in March after the U.S. government's monthly labor market report showed employers added more… https://t.co/P5k7SbX1aD
The Fed anticipates multiple rate cuts in 2024 Remember, rate cuts has historically been bearish for stocks https://t.co/CJsKYfuGi9
⚠️FED MINUTES SUGGEST INTEREST RATES HAVE PEAKED, BUT TIMING OF CUTS REMAINS HIGHLY UNCERTAIN WHEN DO YOU THINK THE FED WILL START TO CUT RATES? https://t.co/82cKYIw9Za 👈 $SPY $QQQ https://t.co/XsPO7Lk2V9
Minutes from the Federal Reserve’s December meeting show that officials wanted to relay the judgment that their rate policy “was likely now at or near its peak.” https://t.co/NhOCDvhQ0z
Federal Reserve officials agreed during their last policy meeting of 2023 that interest rates were likely at their peak and almost all of them predicted lower rates "would be appropriate by the end of 2024," according to minutes from that meeting released by the central bank on…
Fed officials say interest rates are "at or near" peak with cuts likely to come, according to meeting minutes. https://t.co/PAwTtwk427
LAST WEEK THE MARKET HAD A 90.2% CHANCE THAT THE FED WILL START CUTTING RATES IN MARCH THAT’S DOWN TO 70.8% TODAY AFTER THE FOMC MEETING MINUTES CAME OUT THE MARKET CURRENTLY STILL EXPECTS 6 RATE CUTS OF 25 BPS EACH THIS YEAR
Fed officials saw rates staying restrictive "for some time," minutes from last month’s meeting show https://t.co/iF1irT1bwO
Fed officials saw rates staying restrictive “for some time” at last month’s meeting, but acknowledged they’d probably peaked https://t.co/8AzQjqKNaf
LISTEN NOW: Fed officials concluded that interest rate cuts are likely in 2024, according to minutes from the December meeting released today. We explore what that means for markets and your money. Listen and follow the @PowerLunch podcast here: https://t.co/WV081BM7DG https://t.co/g1mEGAxtIW
Fed officials indicated lower rates would be 'appropriate' by the end of 2024: meeting minutes https://t.co/vtok23p2Xm by @Jenniferisms
Fed officials say interest rates are "at or near" peak with cuts likely to come, according to meeting minutes. The minutes suggest uncertainty about how long officials think interest rates will need to stay at current elevated levels to bring inflation fully down to its target.
Fed minutes cite officials feel interest rates are likely at or near the peak for the current rate hiking cycles, with nearly all participants feeling rates could end 2024 lower given progress on inflation. @Jenniferisms reports: https://t.co/MUpDWilcJe
FED Minutes Released https://t.co/wIM3cMLiiY
Fed policymakers see interest rates staying high "for some time" while eyeing cuts in 2024 https://t.co/69VTv5HX9y
Fed officials said rates could remain high ‘for some time’ https://t.co/tOAXCur7d9
#FED OFFICIALS FORECAST POLICY REMAINING RESTRICTIVE FOR SOME TIME FED MINUTES: OFFICIALS FORECAST POLICY RATE LIKELY AT OR NEAR PEAK
The bottom line on the just-released Fed minutes (with the working link below): Officials share the markets' view of rates being at/near peak levels for this cycle. They also agree that rates will come down in 2024. But, they are more cautious about the scale and speed of the…
🔸 Fed Officials Saw End To Rate Increases Federal Reserve officials meeting in December agreed that the rate-increase cycle that started in 2022 was likely at an end, according to minutes of the meeting. They pointed to the easing of inflation, particularly six-month…
🇺🇸 Precisely when the Federal Reserve will start cutting interest rates stands as the big unknown for markets and economists at the start of 2024. Market pricing shows investors currently betting the Fed will cut rates beginning at its meeting in March while economists on… https://t.co/uBJMQWXtCx
*FED OFFICIALS SAW POLICY REMAINING RESTRICTIVE FOR SOME TIME *SEVERAL SAID RATE COULD STAY AT PEAK LONGER THAN ANTICIPATED *OFFICIALS ACKNOWLEDGED PROJECTIONS SHOW CUTS BY END-2024
Fed policymakers agreed last month that it would be appropriate to maintain a restrictive stance “for some time,” while acknowledging they were probably at the peak rate and would begin cutting in 2024 https://t.co/HftS2JzkuD
⚠️BREAKING: *FOMC MINUTES: FED OFFICIALS SAW POLICY REMAINING RESTRICTIVE FOR SOME TIME *SEVERAL SAID RATE COULD STAY AT PEAK LONGER THAN ANTICIPATED https://t.co/PeLC6xPC0y
Fed minutes say officials saw policy remaining restrictive for some time, and see policy rate likely at or near peak. It could stay at peak longer than anticipated.
SUMMARY OF FED MEETING MINUTES (1/3/24): 1. Fed views rates likely "at or near their peak" 2. Fed officials maintain 2% inflation target 3. Rates are likely o remain restrictive for some time 4. "Clear progress" has been made on inflation 5. Officials acknowledge rate cuts…
FOMC Minutes: Participants Viewed Policy Rate as Likely 'at or Near Its Peak' FOMC Minutes: All Officials Said Clear Progress Made in 2023 Towards Fed's 2% Inflation Target FOMC Minutes: Officials Judged That GDP Growth Would Cool, Labor Market Rebalancing Would Continue in…
*SEVERAL SAID RATE COULD STAY AT PEAK LONGER THAN ANTICIPATED *FED OFFICIALS SAW POLICY REMAINING RESTRICTIVE FOR SOME TIME *OFFICIALS ACKNOWLEDGED PROJECTIONS SHOW CUTS BY END-2024
🔴 FED MINUTES: SEVERAL PARTICIPANTS OBSERVED THAT CIRCUMSTANCES MIGHT WARRANT KEEPING POLICY RATE AT CURRENT LEVEL LONGER THAN THEY CURRENTLY ANTICIPATE.
🔴 FED MINUTES: IN PROJECTIONS ALMOST ALL PARTICIPANTS INDICATED THEIR BASE-LINE IMPLIED A LOWER FEDERAL FUNDS RATE WOULD BE APPROPRIATE BY THE END OF 2024.
🔸 FED OFFICIALS FORECAST POLICY REMAINING RESTRICTIVE FOR SOME TIME 🔸 FED MINUTES: OFFICIALS FORECAST POLICY RATE LIKELY AT OR NEAR PEAK 🔸 OFFICIALS ACKNOWLEDGED PROJECTIONS SHOW CUTS BY END-2024
🔴 FED MINUTES: PARTICIPANTS GENERALLY REAFFIRMED IT WOULD BE APPROPRIATE FOR POLICY TO REMAIN RESTRICTIVE UNTIL INFLATION WAS CLEARLY MOVING DOWN SUSTAINABLY.
FED’ FOMC MINUTES ARE OUT *FED OFFICIALS SAID FURTHER RATE HIKES COULD BECOME APPROPRIATE *SEVERAL SAID RATE COULD STAY AT PEAK LONGER THAN ANTICIPATED *FED OFFICIALS SAW POLICY REMAINING RESTRICTIVE FOR SOME TIME *OFFICIALS ACKNOWLEDGED PROJECTIONS SHOW CUTS BY END-2024
🔴 FED MINUTES: A NUMBER OF PARTICIPANTS HIGHLIGHTED UNCERTAINTY AROUND HOW LONG RESTRICTIVE POLICY WOULD NEED TO BE MAINTAINED.
FOMC MINUTES: SEVERAL SAID RATE COULD STAY AT PEAK LONGER THAN ANTICIPATED FOMC MINUTES: OFFICIALS ACKNOWLEDGED PROJECTIONS SHOW CUTS BY END-2024
🔸 FOMC Minutes: Participants Viewed Policy Rate as Likely 'at or Near Its Peak' 🔸 FOMC Minutes: All Officials Said Clear Progress Made in 2023 Towards Fed's 2% Inflation Target 🔸 FOMC Minutes: Officials Judged That GDP Growth Would Cool, Labor Market Rebalancing Would…
*SEVERAL SAID RATE COULD STAY AT PEAK LONGER THAN ANTICIPATED *OFFICIALS ACKNOWLEDGED PROJECTIONS SHOW CUTS BY END-2024 *FED MINUTES: OFFICIALS SAW POLICY RATE LIKELY AT OR NEAR PEAK *FED OFFICIALS SAW POLICY REMAINING RESTRICTIVE FOR SOME TIME
*FED OFFICIALS SAW POLICY REMAINING RESTRICTIVE FOR SOME TIME
FED’S FOMC MEETING MINUTES WILL BE OUT IN EXACTLY 1 HOUR
The Fed is expected to cut rates by 75 basis points in 2024, per BI.
🔴 FED'S BARKIN: WITH EACH MONTH THAT PASSES THE FED WILL BUILD MORE CONVICTION THAT INFLATION IS NORMALIZING.
How much will the Fed cut in 2024?