• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The bid-to-cover ratio for the U.S. 4-month Treasury bond auction ending August 20 was 3.14, compared to the previous value of 3.5.The winning rate of the U.S. 4-month Treasury bond auction until August 20 was 4.05%, the same as the previous value.On August 20, Federal Reserve Board Governor Waller called for embracing the "technology-driven revolution" being driven by artificial intelligence and stablecoins as a way to boost the U.S. economy. "The current technology may be new, but using innovative technology to build new payment services is not a new story," Waller said in a speech prepared for the Wyoming Blockchain Symposium. Waller has previously supported some of the decentralized financial elements he recognizes (including the technology that supports virtual currencies) as a supplement to the traditional payment system. He emphasized that distributed ledger technology can provide a more efficient and faster way to track asset transfers. On Wednesday, he emphasized the impact of decentralized finance in the payment field, and if the private sector cooperates with the Federal Reserve, this could be a win-win situation. Waller said that the Federal Reserve is researching the latest wave of innovations, including tokenization, smart contracts and artificial intelligence in the payment field.HSBC: Raised Nvidia (NVDA.O) target price to $200, from $125 previously.Federal Reserve Board Governor Waller: The evolution of the payment system is a story of technological progress.

Changing Expectations of the Fed’s Forward Guidance Pressure Gold Lower

Jimmy Khan

Feb 22, 2023 15:59

微信截图_20230222140635.png

Longer-Term Tight Monetary Policy

At the Jackson Hole Economic Symposium the previous year, the Federal Reserve made its first remarks regarding its forward guidance. Particularly, Chairman Powell's keynote address struck the American people with the news that the Fed intended to hike rates and maintain them at elevated levels until it reached its 2% inflation target.


The Federal Reserve published its economic forecasts for 2023–2025, including the most recent dot plot, following the December FOMC meeting. By asking 17 Fed officials to vote on future monetary policy, the dot plot is the Fed's method for forecasting future interest rates. The December dot plot showed a resounding consensus that the Fed will increase rates to a goal of slightly over 5% and maintain them there for the whole 2023 calendar year.


The Federal Reserve has maintained its stance, but market participants' expectations have recently changed from skepticism to acceptance that the Fed is unlikely to let off on its extraordinarily hawkish monetary policy. This means maintaining those high rates over the entire year and continuing rate increases.