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Federal Reserve issues FOMC statement
Although overall economic activity edged down in the first quarter, household spending and business fixed investment remained strong. Job gains have been robust in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. The invasion of Ukraine by Russia is causing tremendous human and economic hardship. The implications for the U.S. economy are highly uncertain. The invasion and related events are creating additional upward pressure on inflation and are likely to ... (full story)
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*FED RAISES FUNDS RATE BY 50 BPS TO 0.75%-1% TARGET RANGE
— Nour Eldeen Al-Hammoury (@NourHammoury) May 4, 2022
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FED: ON JUNE 1ST, THE FEDERAL RESERVE WILL BEGIN SHRINKING ITS BALANCE SHEET.
— Breaking Market News (@financialjuice) May 4, 2022
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— Cable FX Macro (@cablefxmacro) May 4, 2022️*FED: RUNOFF PACE TO RISE TO MAXIMUM $95B/MTH AFTER THREE MONTHS
*FED EXPECTS `ONGOING’ INCREASES IN RATES WILL BE APPROPRIATE
*FED SAYS IT IS `HIGHLY ATTENTIVE' TO INFLATION RISKS