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Uniting Europe's Markets
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Federal Reserve Bank of Atlanta President Raphael Bostic said he wants to see more evidence inflation is on track toward the central bank’s 2% target, repeating that he doesn’t ...
Ophelia Snyder, President & Co-Founder of 21Shares, discusses Spot Bitcoin ETFs one week after their public debut.
The past week of trading has not delivered what some influencers were likely assuming would be an unstoppable bullish frenzy. In fact the price of BTC/USD has shown a rather ...
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An Edmonton man who admitted to breaching Alberta securities laws by illegally distributing securities to investors and acting as an unregistered dealer has been ordered to pay a ...
BlackRock Inc.’s Bitcoin exchange-traded fund passed $1 billion in investor inflows, making it the first in the group of nine new ETFs directly holding the cryptocurrency to ...
Good afternoon. As many of you probably noted, the title of my talk today is an homage to the Reverend Doctor Martin Luther King Jr. as we conclude the week when the nation honors his legacy. It's a privilege to be with you. I'd like to especially thank publisher David Rubinger and the staff at the Atlanta Business Chronicle for hosting this event. I spend a good deal of time with journalists and the press more generally, but I don't say often enough that I believe they do our community and our country a service. Informed consumers and business leaders make better decisions, and that in turn improves the efficacy of monetary policy and the workings of our economy. So, thanks to you all. Today, I will discuss my latest thinking on the macroeconomy and monetary policy, this time in my capacity as a voting member of the Federal Reserve's policymaking Federal Open Market Committee. The Atlanta Fed president votes every three years, and 2024 is my turn. Before I go further, though, let me remind you that the thoughts I'll share are mine alone and do not necessarily reflect the views of my colleagues on the Committee or at the Atlanta Fed. As we enter a new year, we may be approaching a new phase in the monetary policy cycle that began in March 2022. Then, the Committee initiated a series of moves that raised the federal funds rate from effectively zero to a range of 5 1/4 to 5 1/2 percent, as we took action to subdue a bout of inflation born of pandemic-induced economic imbalances. Where are we now in this fight? This slide illustrates that the real federal funds rate—that is, our interest rate adjusted for inflation—is at its highest level in over a decade (chart 1). To summarize one key takeaway for you, my view today is that monetary policy is at an appropriately restrictive stance, sufficient to promote the return of inflation to our 2 percent target over the medium term. post: <=USD>:*FED'S BOSTIC URGES CAUTION ON RATE CUTS AMID GLOBAL UNCERTAINTY *BOSTIC: GEOPOLITICAL EVENTS COULD AFFECT GROWTH, FINANCIAL MKTS *BOSTIC REPEATS HE PROJECTS FIRST RATE CUT IN THIRD QUARTER 2024
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- Posted: Jan 18, 2024 10:17am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,308
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