Federal Reserve Meeting Today! March 20, 2024 - page 2.

DeathAngel

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Quote from: philipma1957 on March 20, 2024, 10:01:24 AM

I think he will cut by .25%

Everyone seems sure he will stay frozen.

If you look back at the 2007-2008 fuckup. That is what they did stay frozen 3 adjustment in row frozen and they crashed it all.

So my guess is he shakes things up and cuts a bit.

Interesting, that would be bullish for Bitcoin & other risk-on assets. I think rates will stay the same but hopefully you’re right.

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Quote from: Wind_FURY on March 20, 2024, 06:06:28 AM

The year has seen inflation numbers have a slight surge, showing that inflation is indeed "sticky". What will Jerome Powell do? Rate cuts are absolutely out of the question. Will Powell increase interest-rates again to curb inflation? I believe not today, but let's listen to his speech and see what he has in mind for 2024.

I'm confident that he'll say "maintain interest-rates at 5.5% until new data suggests a change", and "most probably it's higher for longer".

I think he will cut by .25%

Everyone seems sure he will stay frozen.

If you look back at the 2007-2008 fuckup. That is what they did stay frozen 3 adjustment in row frozen and they crashed it all.

So my guess is he shakes things up and cuts a bit.

Wind_FURY

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Quote from: DeathAngel on March 20, 2024, 07:06:03 AM

I’m unsure how the markets will react to the expected news that rates are kept at 5.5%

It will be like nothing changed, but legacy markets may react negatively on what kind of policies Jerome Powell might suggest for the next quarters of the year. Although, he will probably not say anything. The Federal Reserve will use their "data-dependent" excuse again.

Quote from: Fiatless on March 20, 2024, 09:24:11 AM

Quote from: Wind_FURY on March 20, 2024, 06:06:28 AM

I'm confident that he'll say "maintain interest-rates at 5.5% until new data suggests a change", and "most probably it's higher for longer".

The 5.5% interest rate has been in place since July last year as the government keeps on fighting inflation. This has made borrowing expansive and reduced spending. Although Federal Reserve Chairman Jerome Powell said that interest rates might be cut three times this year he didn't give any timeline for this decision. The majority of economists or analysts predict that the Fed will maintain the same interest rate. Maybe the cut will start from June and this could affect the price of Bitcoin positively.

Inflation is sticky. If he cuts rates three times this year, inflation will come back, then what will he do? Raise rates again, and probably more than 5.5%.

¯\_(ツ)_/¯

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Quote from: Wind_FURY on March 20, 2024, 06:06:28 AM

I'm confident that he'll say "maintain interest-rates at 5.5% until new data suggests a change", and "most probably it's higher for longer".

The 5.5% interest rate has been in place since July last year as the government keeps on fighting inflation. This has made borrowing expansive and reduced spending. Although Federal Reserve Chairman Jerome Powell said that interest rates might be cut three times this year he didn't give any timeline for this decision. The majority of economists or analysts predict that the Fed will maintain the same interest rate. Maybe the cut will start from June and this could affect the price of Bitcoin positively.

DeathAngel

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I’m unsure how the markets will react to the expected news that rates are kept at 5.5%

I agree that he will not cut rates yet, rumours are that May is the earliest it would happen. I still think we are in a precarious position, the threat of recession is not yet over.

Wind_FURY

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The year has seen inflation numbers have a slight surge, showing that inflation is indeed "sticky". What will Jerome Powell do? Rate cuts are absolutely out of the question. Will Powell increase interest-rates again to curb inflation? I believe not today, but let's listen to his speech and see what he has in mind for 2024.

I'm confident that he'll say "maintain interest-rates at 5.5% until new data suggests a change", and "most probably it's higher for longer".

Topic: Federal Reserve Meeting Today! March 20, 2024 - page 2. (Read 216 times)