English
The head of the US Federal Reserve reveals the date of the first cut and moves the markets
The US Federal Reserve Chairman's press conference has just begun, and here are the most important things he said: .
The inflation rate fell without having a significant impact on the unemployment rate.
Inflation remains high.
We are committed to reducing inflation to 2%.
We have successfully tightened monetary policy.
Interest rates are now in tight territory as a result of our monetary policy.
All the effects of raising interest rates to the 5.5% level have not yet appeared.
We will finish what we started with great caution.
Purchasing activity in the real estate sector has decreased significantly.
We believe that the current interest level is at the top or very close to it, and I repeat that it is fully prepared to raise interest rates if the need arises in the future.
It does not seem likely that we will raise rates further amid today's current conditions.
Fed members do not see the need to take responsibility for further raising interest rates.
A recession is always a future possibility, but the most important thing is that we are not in a recession now and have succeeded in reducing inflation without losing the employment market or a strong rise in the unemployment rate.
We believe that we have done sufficient work regarding interest rates, which is the conviction of the markets as well as the decision makers.
Economic events are not relevant to monetary policy decisions and interest setting.
Fed members met that the most important question in the coming period will relate to the policy of reducing interest in the future.
When making our next decisions, we will not focus on the GDP data only, but all data before making any decision.
If we see the economy rising more than expected, this will mean that reducing inflation will be more difficult in this case and we may be forced to reduce the agreed-upon pace of reduction.
