Ideas to think about going into the decision and press conference. 17 SEP 2025 EDWARD VON DER SCHMIDT Cut and What? The Federal Open...

Uncertainty surrounds the Federal Reserve and the aftermath of the September 16-17 Federal Open Market Committee (FOMC) meeting. The...

Without committing to a preset course, the Federal Reserve signaled that it will consider adjusting policy at the September meeting after holding in July. Whether a majority will choose to ease and lower rates will depend on participants' views of labor markets and the inflation outlook at that time. The Fed has characterized employment as at or near maximum and inflation as somewhat above target, which together have called for a modestly restrictive stance (i.e., above-neutr

The Federal Reserve's holding pattern appears set to continue indefinitely - or at least through the Summer. Perceptions of heightened...

No one can tell you what the Chair of the Federal Reserve Board thinks better than Jerome Powell can himself. Why should you care? He...

Next to the Federal Reserve Chair's press conference, the FOMC minutes that follow three weeks after the meeting are the best and most...

Few changes to the Federal Reserve's policy statement and median rate projections masked an important shift. With further progress on inflation delayed and considerable outlook uncertainty, the Fed is waiting to react to whatever conditions arise from the new administration's policies in whichever manner is appropriate. Both are undetermined and achieving clarity will take time. The Fed is well-aware of downside risks to growth and upside risks to inflation but eschewed devia

Sustained risk-asset weakness and recession fears may have spurred hopes for a helping hand from the Fed, but the central bank is likely to disappoint those looking for any commitment to near-term easing. Notwithstanding the possibillty of stagnant growth and labor market disruption, above-target inflation has persisted and threatens another march higher as tariffs enter the fray. Federal Reserve officials have continued to emphasize their intention to remain patient on the s

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