Federal Reserve officials, including Michelle Bowman and Jerome Powell, have expressed caution about lowering interest rates despite the expectation of falling inflation. Bowman stated that rate cuts are not yet necessary, emphasizing the need for caution. Powell also emphasized the importance of more evidence confirming the recent drop in inflation before considering a rate cut. The central bank is not declaring victory over inflation and wants to see continuing evidence of sustainable downward movement toward the 2% goal. The expected decline in mortgage rates is unlikely to prompt a significant number of homeowners to sell their houses.
The expected decline in mortgage rates this year is unlikely to push a significant number of US homeowners to sell their houses despite the cheaper cost of borrowing, according to one homebuilder. https://t.co/l6Nqdz3hWc
Fed chair Powell pushed back on expectations for a March rate cut following the FOMC meeting, saying that's "probably not the most likely case or what we'd call the base case." The central bank would like to see "more evidence" that confirms the recent drop in inflation. https://t.co/2OThf856lt
From the @FT article on "Why central banks are reluctant to declare victory over inflation" by @Sam1Fleming, @senoj_erialc and @MAmdorsky. (The link to the article: https://t.co/73sTuQx1Gy ) #economy #centralbanks #markets #inflation #econtwitter #ECB #Federalreserve #BoE https://t.co/gksbX8d8wO
This week, Powell said: “We want to see more good data... It’s not that we’re looking for better data." https://t.co/HeBVynXJMg
This week, Fed Chair Jerome Powell said the Federal Reserve left interest rates unchanged as the central bank 'will need to see continuing evidence to build confidence that inflation is moving down sustainably toward our goal. https://t.co/gzG6QUeJci
"We're not declaring victory," Fed Chair Powell said on inflation during his press conference following the FOMC meeting. "We think we have a ways to go." https://t.co/mNDgJwxI6M
Fed's Bowman sees inflation falling, calls for caution on rate cuts https://t.co/SvZ6P6CbkC https://t.co/OVz3mUGeJR
Federal Reserve Bank of Chicago President Austan Goolsbee said he wants to see more evidence the Fed is on track toward its 2% inflation goal before cutting interest rates https://t.co/dJ5uls1Cgw
***FED'S BOWMAN: NOT YET AT POINT WHERE RATE CUTS ARE APPROPRIATE*** | Have a great weekend.... @markets
Bowman Says Fed Not Yet At Point It Can Lower Rates https://t.co/FTXGL8MBGe
Fed is ‘not yet at that point’ of lowering interest rates, Bowman says https://t.co/kfPgvPHLrW
⚠️ FED'S BOWMAN SEES INFLATION FALLING, CALLS FOR CAUTION ON RATE CUTS Full Story → https://t.co/8NBcpncnWZ https://t.co/LxNYrUeYcj
*FED'S BOWMAN: NOT YET AT POINT WHERE RATE CUTS ARE APPROPRIATE we waiting for the +1 million part-time jobs month?
Federal Reserve Governor Michelle Bowman said she expects inflation to fall further with interest rates held at their current level, but said it’s too soon for policymakers to consider cutting rates https://t.co/niOiY3BLsj
🔴 FED'S BOWMAN: RATE CUTS NOT YET NECESSARY
“We do expect the Fed to lower interest rates this year,” Truist managing director Chip Hughey says. “I just think they’re going to be very cautious and move very slowly.” https://t.co/zhNGDmTYmw
probability of a rate cut in march is down to 20.5% The FED is not going to cut rates, deal with it