FOMC decision: No change to rates. 2024 median dot 4.6% vs 4.9% expectedFOMC dot plot & central tendencies from December 2023 meeting. EOY 2024 rate 4.6%, -50bps.The full statement from the December 2023 FOMC rate decisionPowell Q&A: Noted that officials talked about path for cuts todayPowell: We're very focused on "not making that mistake" of holding high rates too longPowell opening statement: Path forward is uncertain. Full effects of tightening to comeUS November PPI 0.9% y/y vs 1.0% expectedEIA weekly US crode oil inventories -4259K vs -650K expectedYellen sees inflation coming down, but her forecast is far too conservativeMarkets:Gold up $41 to $2020US 10-year yields down 18 bps to 4.
Hence then, the article about forexlive americas fx news wrap 2024 dot falls further no pushback from powell was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Forexlive Americas FX news wrap: 2024 dot falls further. No pushback from Powell. )