Why the Federal Reserve has gambled on a big interest-rate cut
https://www.economist.com/finance-and-economics/2024/09/18/why-the-federal-reserve-has-gambled-on-a-big-interest-rate-cut
https://www.economist.com/finance-and-economics/2024/09/18/why-the-federal-reserve-has-gambled-on-a-big-interest-rate-cut
The Fed’s Uncertain Destination Troubles the Bond Market
https://www.bloomberg.com/opinion/articles/2024-09-18/the-fed-s-uncertain-destination-troubles-bond-market
https://www.bloomberg.com/opinion/articles/2024-09-18/the-fed-s-uncertain-destination-troubles-bond-market
https://www.bloomberg.com/opinion/articles/2024-09-18/the-fed-is-a-poor-guide-for-stock-investors
FOMC STATEMENT:
https://www.federalreserve.gov/monetarypolicy/files/monetary20240918a1.pdf
In light of the progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.
FOMC SUMMARY OF ECONOMIC PROJECTIONS:
https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20240918.pdf
https://www.federalreserve.gov/monetarypolicy/files/monetary20240918a1.pdf
In light of the progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.
https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20240918.pdf