27th July 2023

  • Fed Raises Rates as Powell Keeps Options Open for Future Hikes

Powell says further rate increases will depend on data

Fed to consider ‘extent of additional policy firming’

https://blinks.bloomberg.com/news/stories/RYF3QPT1UM0W

  • Powell Says Fed’s Staff Is No Longer Forecasting a Recession

Staff economists drop downturn forecast they debuted in March

Fed chair cites recent ‘resilience of the economy’ for upgrade

https://blinks.bloomberg.com/news/stories/RYF3XYT0G1KW

  • Fed’s Tightening Leaves Wall Street Pondering What Comes Next

Still unclear whether scarcity will result in early stop to QT

Reverse repo facility acting as a safety valve for markets

https://blinks.bloomberg.com/news/stories/RYET48T1UM0W

  • The Money-Minting, Fed-Day Trade Died When Inflation Buckled

Key was to buy stocks, bonds just before Powell began to speak

Market moves have faded as Fed’s tightening cycle nears end

https://blinks.bloomberg.com/news/stories/RYF4ZRT0AFB4

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