Saturday, June 22, 2024

A former member of the US Federal Reserve gives his opinion on the upcoming interest rate decision!

Date:

© Reuters A former US Federal Reserve member gives his take on the upcoming interest rate decision!

Arabictrader.com – Former Dallas Fed member Robert Kaplan, in an interview early Tuesday, supported a pause at this week’s Fed meeting, adding that he wanted to leave the door open to raising interest rates in the future.

Eric Rosengren, a former Boston Fed member, echoed the sentiment, as he made some comments and clarified his expectations for the upcoming US Federal Reserve interest rate decision during next Wednesday’s meeting, expecting the central bank to skip the meeting.

However, he indicated that he expects a hawkish tone for the US Federal Reserve’s monetary policy statement on its next move at the next meeting of the Monetary Policy Committee in late July.

Similarly, US Federal Reserve member Philip Jefferson advocated temporarily halting the cycle of raising interest rates at the next meeting, saying the temporary pause does not mean interest rates have peaked, saying higher interest rates could increase pressure on banking institutions, particularly those with long-term assets and high uninsured ratios of total deposits. having deposits.

See the original article

See also  CNBC Arabia's most important Arabic and international market news | Latest news
Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:

Popular

More like this
Related

The Real Benefits of Being a VIP in the Online Casino Scene

Becoming a VIP can be a long process that...

The Evolution of Online Casino Bonuses: Trends and Future Predictions

Online casino bonuses have transformed from basic sign-up offers...

The best ways to protect your skin from sun damage in 2024

Caring for your skin is a healthy lifestyle that...

The easiest way to access the best UAE stocks

The most common way to invest in the UAE...