Marketscreener.com on Nostr: Explainer-Charting the Fed's economic data flow ========== The U.S. Federal Reserve ...
Explainer-Charting the Fed's economic data flow
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The U.S. Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5.50% range at its March 19-20 policy meeting. Officials anticipate approving three quarter-percentage-point rate cuts by the end of 2024. The Fed wants to see more data confirming that inflation is returning to the 2% target. Key data watched by the Fed includes retail sales, inflation, employment, and job openings. Retail sales rose 0.7% in March, exceeding expectations. The Consumer Price Index accelerated to a 3.5% annual rate in March. Employment gains in February exceeded expectations, with 303,000 jobs added and the unemployment rate falling to 3.8%. The U.S. Labor Department's Job Openings and Labor Turnover Survey (JOLTS) provides information on the imbalance between labor supply and demand. Fed Chair Jerome Powell closely monitors JOLTS data.
#FederalReserve #InterestRates #Inflation #Employment #EconomicData
https://www.marketscreener.com/news/latest/Explainer-Charting-the-Fed-s-economic-data-flow-46436852/
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The U.S. Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5.50% range at its March 19-20 policy meeting. Officials anticipate approving three quarter-percentage-point rate cuts by the end of 2024. The Fed wants to see more data confirming that inflation is returning to the 2% target. Key data watched by the Fed includes retail sales, inflation, employment, and job openings. Retail sales rose 0.7% in March, exceeding expectations. The Consumer Price Index accelerated to a 3.5% annual rate in March. Employment gains in February exceeded expectations, with 303,000 jobs added and the unemployment rate falling to 3.8%. The U.S. Labor Department's Job Openings and Labor Turnover Survey (JOLTS) provides information on the imbalance between labor supply and demand. Fed Chair Jerome Powell closely monitors JOLTS data.
#FederalReserve #InterestRates #Inflation #Employment #EconomicData
https://www.marketscreener.com/news/latest/Explainer-Charting-the-Fed-s-economic-data-flow-46436852/