Top Fed officials rethink rate cuts as peace talks begin
View original at finance.yahoo.comTop Fed officials rethink rate cuts as peace talks begin The sooner the Iran War ends, the sooner the Federal Reserve can consider cutting interest rates -- something the central bank and traders had expected at the beginning of the year…
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The Middle East conflict could lead to a more difficult dynamic in which prices are rising at the same time that the U.S. economy is slowing, and this has begun to play out already
60% confidenceThe energy developments have increased the risks of higher inflation further out if the energy crisis remains in place for a long period of time or gets worse
60% confidenceJerome Powell should slash interest rates to 1% or lower
60% confidenceMonetary policymakers would be open to cutting interest rates again later this year if peace in the Middle East was reached in a timely manner
60% confidenceThe Iran War is likely to drive up inflation in the near term
60% confidenceUnderlying inflation would continue to move toward 2%, leaving him cautious about rate cuts now and more inclined toward cuts to support the labor market later this year when the outlook is more steady
60% confidenceEconomic challenges from the Iran War could resolve later this year if supply disruptions in the energy market resolve relatively soon
60% confidenceJerome Powell is a moron and is 'Too Late' on rate cuts
60% confidenceThe central bank's current wait-and-see approach to interest-rate cuts is appropriate given additional risks to the Fed's dual mandate
60% confidence
Data points we hold from this source
| Federal Reserve · rate cut forecast | 1 cuts |
| Federal Reserve · inflation target | 2 percent |