Fed's Jefferson: Happy to keep Fed Funds on hold at current rate
Source Fxstreet
Federal Reserve Vice Chair Philip Jefferson said on Thursday that he is happy to keep the Fed Funds on hold at the current level, adding that he will wait to see the net effect of Trump policies.
Key quotes
Waits to see net effect of Trump policies.
Examining overall impact of Trump administration on policy goals needed.
Opts to maintain current interest rates for the time being.
Content with current policy level until totality of impacts better understood.
Sees Fed's ability to be patient with the economy in a good place.
Fed's rate still restrictive even with 100 bp drop.
Policy rate remains restrictive for the economy.
Market reaction
The US Dollar Index (DXY) is trading unchanged on the day at 107.60, as of writing.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Could We See Dogecoin And Shiba Inu Prices Continue to Rise As We Take A Look Into New Sensation RemittixThere were brief moments last week where it seemed possible that both Shiba Inu and Dogecoin might see sustained rises. This theory has been put to bed in the last 24 hours as things have taken a dramatic turn for the worse. Both assets have plummeted in value and continue to exhibit downward pressure. This […]
There were brief moments last week where it seemed possible that both Shiba Inu and Dogecoin might see sustained rises. This theory has been put to bed in the last 24 hours as things have taken a dramatic turn for the worse. Both assets have plummeted in value and continue to exhibit downward pressure. This […]
AMD, a global semiconductor giant, saw its stock price fluctuate dramatically after releasing its Q4 2024 earnings report, despite surpassing consensus estimates on both the top and bottom lines. The
Palantir Technologies (NASDAQ: PLTR) and Tesla (NASDAQ: TSLA) were two of the most popular stocks among retail investors last year as measured by net inflows. But most Wall Street
Gold’s price (XAU/USD) has no limit and rallies for a fifth consecutive day in a row on Wednesday, accounting for more than 2% of gains this week and hitting fresh all-time highs near $2,870.
Bitcoin price started another decline below the $100,500 zone. BTC is trimming gains and might continue to move down toward the $95,000 zone. Bitcoin started a fresh decline below the $100,000 level.
