net_left adver left

Fed members support slowing of rate hikes 'soon,' Fed Minutes shows

Thursday, November 24, 2022
Fed members support slowing of rate hikes 'soon,' Fed Minutes shows © Reuters

By Yasin Ebrahim

Investing.com – A majority of Federal Reserve policymakers were in support of slowing the pace of interest rate hikes "soon" to assess the lagged impact of monetary policy tightening on the economy and inflation.

“A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate,” the Fed's minutes showed. “The uncertain lags and magnitudes associated with the effects of monetary policy actions on economic activity and inflation were among the reasons cited regarding why such an assessment was important.”

At the conclusion of its previous meeting on Nov. 2, the Federal Open Market Committee raised its benchmark rate by 0.75 percentage point to a range of 3.75% to 4%.

It was the fourth-straight 0.75 percentage point rate hike in as many as meetings, but the Fed also laid out the carpet for slowing the pace of rate hikes at upcoming meetings, flagging several factors ---- including the cumulative tightening of monetary policy, the lagged impact of monetary policy on the economy and inflation – that would determine the size of future hikes.

In the wake of recent data pointing to slowing but still above-trend inflation, several members have continued to echo market expectations for less hawkish rate hikes.

“The inflation data was reassuring, preliminarily,” Federal Reserve Vice Chair Lael Brainard said. “It will probably be appropriate, soon, to move to a slower pace of rate increases.”

About 80% of traders expect the Federal Reserve to slow the pace of rate hikes to 0.5% in December, according to Investing.com’s Fed Rate Monitor Tool.

With a slower pace of rate hikes largely priced in, investor attention has shifted to the terminal Fed Funds rate, or the level that rates will likely peak. Following the monetary policy decision in November, Powell said in a press conference that “the ultimate level of interest rates will be higher than previously expected [in September].”

Traders are currently expecting rates to peak at 5.00% to 5.25%, though hawkish Fed members including St. Louis Fed President James Bullard recently suggested that rates may need to rise as high as 7% to bring down inflation.

Yet, even if rates do peak around 5% that would still be the highest rates seen since June 2006, and may prove painful for risk assets, with growth sectors of the market including tech particularly vulnerable.

“If they stop at 5% or 6% interest rates, that's pretty high, certainly compared with what we've seen over 10 to 20 years,” Managing Director of applied research at Qontigo Melissa Brown, told Investing.com's Yasin Ebrahim on Tuesday. For equities, the focus “will not be when they stop and stabilise, but really when they start to come down.”

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
28-11-2022 12:01:41 (UTC+7)

EUR/USD

1.0359

-0.0037 (-0.35%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

EUR/USD

1.0359

-0.0037 (-0.35%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

GBP/USD

1.2053

-0.0040 (-0.33%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

USD/JPY

138.54

-0.56 (-0.41%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (11)

AUD/USD

0.6690

-0.0059 (-0.87%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (6)

USD/CAD

1.3445

+0.0067 (+0.50%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (4)

EUR/JPY

143.51

-1.09 (-0.75%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

EUR/CHF

0.9806

-0.0020 (-0.20%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (4)

Gold Futures

1,750.85

-3.15 (-0.18%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Silver Futures

21.267

-0.163 (-0.76%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Copper Futures

3.5670

-0.0635 (-1.75%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (6)

Crude Oil WTI Futures

74.09

-2.19 (-2.87%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Brent Oil Futures

81.35

-2.36 (-2.82%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Natural Gas Futures

7.284

-0.046 (-0.63%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

US Coffee C Futures

164.40

+1.65 (+1.01%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Euro Stoxx 50

3,962.41

+0.42 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

S&P 500

4,026.12

-1.14 (-0.03%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

DAX

14,541.38

+1.82 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (2)

FTSE 100

7,486.67

+20.07 (+0.27%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (1)

Hang Seng

17,214.00

-359.58 (-2.05%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (5)

US Small Cap 2000

1,869.19

+6.37 (+0.34%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

IBEX 35

8,416.60

+37.20 (+0.00%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

BASF SE NA O.N.

49.605

-0.280 (-0.56%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (4)

Bayer AG NA

55.45

-0.06 (-0.11%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (6)

Allianz SE VNA O.N.

205.35

+0.40 (+0.20%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

Adidas AG

123.98

-2.68 (-2.12%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (5)

Deutsche Lufthansa AG

7.567

+0.036 (+0.48%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (9)

Siemens AG Class N

132.06

+1.10 (+0.84%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Deutsche Bank AG

10.390

+0.020 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

 EUR/USD1.0359↑ Buy
 GBP/USD1.2053Buy
 USD/JPY138.54↑ Sell
 AUD/USD0.6690↑ Sell
 USD/CAD1.3445Neutral
 EUR/JPY143.51↑ Sell
 EUR/CHF0.9806Sell
 Gold1,750.85↑ Buy
 Silver21.267↑ Buy
 Copper3.5670↑ Sell
 Crude Oil WTI74.09↑ Sell
 Brent Oil81.35↑ Sell
 Natural Gas7.284↑ Buy
 US Coffee C164.40↑ Sell
 Euro Stoxx 503,962.41↑ Buy
 S&P 5004,026.12Neutral
 DAX14,541.38↑ Buy
 FTSE 1007,486.67↑ Buy
 Hang Seng17,214.00↑ Sell
 Small Cap 20001,869.19↑ Buy
 IBEX 358,416.60Sell
 BASF49.605Neutral
 Bayer55.45Sell
 Allianz205.35↑ Buy
 Adidas123.98Neutral
 Lufthansa7.567↑ Sell
 Siemens AG132.06↑ Buy
 Deutsche Bank AG10.390↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,640/ 6,710
(6,640/ 6,710) # 1,467
SJC HCM6,655/ 6,735
(-5/ -25) # 1,492
SJC Hanoi6,655/ 6,737
(-5/ -25) # 1,494
SJC Danang6,655/ 6,737
(-5/ -25) # 1,494
SJC Nhatrang6,655/ 6,737
(-5/ -25) # 1,494
SJC Cantho6,655/ 6,737
(-5/ -25) # 1,494
Cập nhật 28-11-2022 12:01:43
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,751.48-2.89-0.16%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.91025.400
RON 95-III23.78024.250
E5 RON 92-II22.67023.120
DO 0.05S24.80025.290
DO 0,001S-V26.78027.310
Dầu hỏa 2-K24.64025.130
ↂ Giá dầu thô thế giới
WTI$74.17+1.942.55%
Brent$81.37+2.072.49%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.580,0024.850,00
EUR24.959,9426.355,23
GBP29.041,9330.277,62
JPY173,62183,79
KRW15,9719,46
Cập nhật lúc 11:13:42 28/11/2022
Xem bảng tỷ giá hối đoái
adver main right