2023-05-31 17:37:00
Federal Reserve Governor Jefferson said on Wednesday that the Federal Open Market Committee (FOMC) is leaning toward keeping rates unchanged at its June meeting, but even if such a decision is made It does not mean the end of rate hikes.
“The decision to keep the policy rate on hold at the next meeting should not be interpreted as reaching the peak rate for the current cycle,” Jefferson said. “In practice, forgoing a rate hike at the next meeting would allow the committee to see more data before deciding on the extent of further tightening,” he said.
Jefferson Fed Governor
Photographer: Al Drago/Bloomberg
The recent remarks by the recently appointed vice chairman of the Fed are pushing back the market’s growing speculation of another rate hike in June.
Jefferson said the situation at U.S. banks has stabilized since a string of bankruptcies in early March, but tensions might lead to a further tightening of credit that weighs on economic activity. said there is.
“Although inflation has fallen significantly since last summer, it is still too high and, by some observers, some progress, especially in core services sectors, has slowed recently.” .
news-rsf-original-reference paywall">Original title:Fed’s Jefferson Signals Pause on Way But More Hikes Could Follow(excerpt)
(Update with additions from the third paragraph onwards)
1685562833
#Feds #Jefferson #Halt #Rate #Hike #June #Bloomberg
