Federal Open Market Committee (FOMC)
Fed governor bolsters hopes for rate cuts in 2024
Strong state of US economy means there is no need to rush, argues Christopher Waller
FOMC holds rates again, ending year at 5.25–5.5%
“Committee is proceeding carefully” as inflation recedes, but slowly, says Powell
ECB paper attempts to measure spillovers from Fed policy
Authors use asset price data to estimate global effects of FOMC moves
Higher rates will push up firms’ debt costs gradually, says research
Authors warn that financial vulnerability could stem from higher for longer rates
PCE inflation falls in the US
Atlanta Fed president says data suggests inflation will only continue to fall
Asian bond spreads with US not widening, BIS research finds
Central banks’ actions have decoupled EME bonds from stronger dollar, researchers say
Fed holds rates steady again
Powell said the question the committee is asking is should it hike rates more
Corporate pandemic cash buffer is running low, finds research
The impact of monetary policy could grow as companies’ cash dwindles, Boston Fed paper says
Little progress in latest US CPI report
Headline figure was 3.7% in September, unchanged from August, but core inflation fell
Bond market turmoil could aid Fed policy, say FOMC members
Phillip Jefferson and Lorie Logan say financing points to strong economic momentum
Fed leaders split on whether further rate rise is needed
Leaders agree a soft landing is possible but not certain
Commercial real estate poses financial stability risks – research
Researchers say current strength of commercial real estate loans may not persist
Federal Reserve Board joins Instagram and Threads
Move to social media platforms follows those by regional Feds and other central banks
Monetary policy tops US CFOs’ concerns
Survey finds high rates curtailing spending in 40% of firms
FOMC members express different views for policy path forward
Bowman and Kashkari expect further rate hikes but Daly is less certain
Policy-makers should shun ‘black box AIs’, Fed’s Cook warns
AI could displace jobs while raising productivity, Federal Reserve governor says
FOMC members’ narratives add value to projections, finds paper
Both staff and FOMC members 'projections aid forecasting, refuting Romer and Romer
Asian central banks hold rates
Philippines, Indonesia, Taiwan and Hong Kong stay put
Federal Reserve holds rates and revises projections upwards
Powell says path for soft landing has “widened apparently”
Pandemic may have altered US credit score reporting – paper
Government support and spending changes improved many individuals' ratings, researchers find
Tight monetary policy can scar economy, SF Fed research finds
Central banks may not be able to undo effects on productivity and potential output, paper says
Supply shocks drive greater dissent on FOMC – BIS paper
Tougher trade-offs appear to reveal differences in policy-maker preferences, authors say
Banknotes: July to September 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Monetary policy impacts innovation, says research
Paper presented at Jackson Hole conference finds tightening can decrease R&D spending, cutting long-term growth