The Federal Reserve will hold its next policy meeting on March 19-20, 2024. After a decision is made and statement published, Jerome Powell will give an elaborate speech in the FOMC Press Conference on Wed Mar 20th, 2024 13:30 EST.
Analysts pay close attention to the tone of the speech at the FOMC Press Conference and analyse what gets to be mentioned to determine whether the Fed is hawkish or dovish and what could be its next move.
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@RanaG Did you see my comment on this? It seems like it would qualify to me, but you might disagree.
https://www.youtube.com/live/KPZGhNYNUa0?si=b6rH0fAGPnn44SGk&t=4354
Feb isn't mentioned directly in this question ("How much of that inflation that we've seen so far this year"), but it's clearly referring to Feb (there have only been two prints) and Powell explicitly calls Feb out in his answer - "The January number which was very high... The February number was higher than expectations... not terribly high".
Could go either way, I think it's subjective.
@DanMan314 they did not discuss the payroll numbers or any Feb employment numbers. They were discussing CPI and PCE
https://www.youtube.com/live/KPZGhNYNUa0?si=I_0ig9wXx4VJWeFM&t=4249
"Where housing services inflation will come back down as current market rents are suggesting will happen, and where non-housing services will move back down".
https://www.youtube.com/live/KPZGhNYNUa0?si=4gI3TzhlWR_aE3a2&t=3890
"We know that reducing policy restraint too soon or too much could result in a reversal of the progress we have seen on inflation and ultimately require even tighter policy to get inflation back to 2%."
https://www.youtube.com/live/KPZGhNYNUa0?si=NOD_nhA_WM0q_uam&t=3622
"Our restrictive stance on monetary policy has been putting downward pressure on economic activity"
Curious to see how this goes with inflation coming in higher than expected!
Probably a good candidate for live-streaming on https://manifold.markets/tv!