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Fed Chair Powell: Forward Guidance Abandoned
BlockBeats News, June 18th, Federal Reserve Chair Powell stated, "We have now abandoned forward guidance and cannot provide any forward guidance on the next steps. The dot plot is done in pencil and it can be erased. A comprehensive review of communication practices, including press conferences, dot plots, and meeting schedules, is expected to be conducted by the end of the year." (FXStreet)
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Core CPI at 0.2% month-over-month means the Fed stays put, while 0.3% triggers a rate hike.
Powell believes that political pressure is not a threat, and what truly determines the Fed's independence is the Fed itself.
The Federal Reserve announced a 25 basis point increase in the benchmark interest rate to a range of 4.75% to 5.00%.
Banks are seeking to delay access to the Federal Reserve's payment system, while crypto companies are seeking immediate direct access.
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24H Important News
2026-11-10
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