restrictive Archives - Citizen Watch Report

Fed policymakers debate if 5% interest rates are restrictive enough, with rate hikes back on the table.

June 9, 2024 9:59 pm

Policymakers at the Fed are starting to question if they are being restrictive enough with interest rates at 5%. Rate hikes are definitely back in the debate. No one knows what the neutral rate is now for interest rates. Rate …

Inflation Alert! Fed Governor Michelle Bowman: “Inflation continues to be too high, and I expect it will likely be appropriate for the Committee to raise rates further and hold them at a restrictive level for some time”

October 9, 2023 2:57 pm

Bowman calls out she is in the rates higher for longer camp while leaving room to continue raising rates. She calls out the PCE index rising but fails to mention that it was being undercounted previously and is actually HIGHER going …

Bank of Canada minutes on immediate rate hike: “the economy remained clearly in excess demand and that the rebalancing of supply and demand was likely to take longer than previously expected.” “members felt that enough data had accumulated to convince them that more restrictive policy was needed.”

June 22, 2023 9:02 am

by Dismal-Jellyfish Source: https://www.bankofcanada.ca/2023/06/summary-governing-council-deliberations-fixed-announcement-date-june-7-2023/ Highlights: “the economy remained clearly in excess demand and that the rebalancing of supply and demand was likely to take longer than previously expected.” “members felt that enough data had accumulated to convince them that more …