this post was submitted on 19 Jun 2023
6 points (100.0% liked)

Investing

806 readers
1 users here now

A community for discussing investing news.

Rules:

  1. No bigotry: Including racism, sexism, homophobia, transphobia, or xenophobia. Code of Conduct.
  2. Be respectful. Everyone should feel welcome here.
  3. No NSFW content.
  4. No Ads / Spamming.
  5. Be thoughtful and helpful: even with ‘stupid’ questions. The world won’t be made better or worse by snarky comments schooling naive newcomers on Lemmy.

founded 2 years ago
MODERATORS
_MoveSwiftly
6
FOMC Press Conference June 14, 2023 (www.youtube.com)
submitted 2 years ago by dragontamer to c/investing
0 comments fedilink hide all child comments
 

Transcript: https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20230614.pdf

Link goes to the start of Powell's statement. A few minutes later, the press Q-and-A session begins, and goes for about 50 minutes.

TL;DR: Pause on Federal Funds Rate, but Powell expects additional hikes this year.

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here