Federal Reserve Chief Tells Markets to Focus on Interest-Rate Endpoint

The Federal Reserve raised interest rates by another 0.75-percent point to combat inflation, Chairman Jerome Powell said on Wednesday. Powell hinted at a possible slowdown in the pace of increases.

Photo: Al Drago/Bloomberg NewsFederal Reserve chairman Jerome Powell had one overriding message for markets Wednesday: Stop obsessing over. That’s because Mr. Powell also said that the final resting place for the Fed’s interest-rate target—dubbed the “terminal rate”—is going up.

He said it's higher than 5 and inflation ain't showing signs of abating Many vets of W Street have 'higher for longer' at way above 5 for awhile then 4-5.5 for awhile to 'temper enthusiasm aka irrational exuberance'

Coz he doesn’t know himself.

Terminal Rate will have to go above the rate of inflation as always.

Yeah … that’s a problem👇

If the terminal rate is 7% the market is gonna have a bad time.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Federal Reserve Chair Jerome Powell likely to be pressed on whether Fed will slow rate hikesLooming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed's inflation-fighters raise interest rates?
Source: 6abc - 🏆 250. / 63 Read more »

Federal Reserve Chair Jerome Powell likely to be pressed on whether Fed will slow rate hikesLooming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed's inflation-fighters raise interest rates? Of course
Source: ABC7Chicago - 🏆 284. / 63 Read more »

Federal Reserve Chair Jerome Powell likely to be pressed on whether Fed will slow rate hikesLooming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed's inflation-fighters raise interest rates?
Source: ABC7NY - 🏆 592. / 51 Read more »

Federal Reserve Chair Jerome Powell likely to be pressed on whether Fed will slow rate hikesLooming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed's inflation-fighters raise interest rates?
Source: ABC7 - 🏆 67. / 68 Read more »