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  • 1 min

The Fed cuts its rate

  • 31 July 2019
  • Philippe Waechter
  • Business Cycle
  • Federal Reserve
  • Monetary Policy
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The #Federal Reserve drops it’s rate by 25bp to 2.00-2.25%. Reasons are too low inflation rate and global uncertainty. It’s a kind of preemptive move which is quite weird. Usually the US central bank drops it’s rate when the environment is already bleak.
One reason for that comes from the fact that we don’t know the future, neither the Fed nor us. There is therefore a risk of credibility for the Fed if there is a rebound in the economic activity of a size that has no relation with the rate cut. The other risk is associated with political pressures from the White House. It’s also a source of concern.

Related Topics
  • Business Cycle
  • Federal Reserve
  • Monetary Policy
On the same topic
  • 1 min

The US economy erases the crisis

  • 27 January 2022
  • United States

Philippe Waechter

US GDP is up 1.7% in Q4 (6.9% annualized). GDP growth is 5.5% YoY in Q4 and 5.7% on average for 2021. The carryover growth for 2022 is 1.9%. GDP…
  • GDP
  • Growth
READ
  • 2 min

The Federal Reserve takes over

  • 27 January 2022
  • Monetary Policy

Philippe Waechter

At its January 25-26 meeting, the US central bank confirmed that it would raise interest rates as of its mid-March meeting. Above all, it indicated that very soon after it…
  • Federal Reserve
  • Inflation
  • Interest Rates
READ
  • 3 min

Inflation continues, the Fed could weigh on growth

  • 13 January 2022
  • Monetary Policy

Philippe Waechter

US inflation is mainly conditioned by the pace of the price of goods and that of oil. The rush of households on goods, while inventories were reduced, is the source…
  • Energy price
  • Inflation
READ
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