{"id":3821,"date":"2023-05-03T18:40:59","date_gmt":"2023-05-03T22:40:59","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/what-to-look-for-from-the-feds-five-remaining-meetings-of-2023\/"},"modified":"2023-05-03T18:41:00","modified_gmt":"2023-05-03T22:41:00","slug":"what-to-look-for-from-the-feds-five-remaining-meetings-of-2023","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=3821","title":{"rendered":"What To Look For From The Fed\u2019s Five Remaining Meetings Of 2023"},"content":{"rendered":"<div>\n<p>The Federal Reserve has now held three of its eight scheduled meetings for 2023, raising rates 0.25-percentage-points at each of them. With five meetings remaining for 2023, the Fed views itself as likely to hold rates steady or possibly increase them slightly over the remainder of 2023 since \u201cthe process of getting inflation back down to 2 percent has a long way to go\u201d as Chair Jerome Powell said at his May 3 press conference.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">The Market\u2019s View<\/h2>\n<p>In contrast, markets see a good chance that the Fed starts cutting rates before the end of the year. Specifically interest rate futures implies two to four rate cuts are likely before year-end, with virtually no chance that rates remain at current levels as we enter 2024.<\/p>\n<p>Powell acknowledged that \u201cour future policy actions will depend on how events unfold.\u201d However, the tone of the Fed remains biased towards rate hikes. Specifically Powell noted in his comments that \u201cadditional policy firming may be appropriate\u201d and that, \u201cwe are prepared to do more if greater monetary policy restraint is warranted.\u201d It is worth noting that that Powell only noted scenarios under which the Fed may raise rates further. He did not discuss the possibility of rate cuts until specifically questioned on the topic.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Recession Risk<\/h2>\n<p>That said, Powell noted that the Federal Reserve staff forecast did call for a \u201cmild recession\u201d. If a recession were to occur it\u2019s unclear if the Fed would be able to maintain rates at high levels, though Powell also noted that others at the Fed, including him, have differing forecasts.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<p>For example, Powell stated that the risk of recession currently may be lower than many perceive because of the \u201cextremely tight\u201d U.S. labor market and that could make this economic cycle unusual.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">What\u2019s Next?<\/h2>\n<p>The next scheduled Fed decision to set rates will come on June 14, interestingly the markets see a good chance that the Fed will raise rates once again at that meeting, though that could be the final hike of this cycle. For that meeting only, markets may be more hawkish than the Fed itself.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Remaining 2023 Meetings<\/h2>\n<p>Powell was somewhat less committed to an upcoming hike at the June meeting in today\u2019s comments, though of course there is a lot of economic data to come before the Fed meets again. However, the real divergence between markets and the Fed occurs over the four meetings of 26 July, 20 September, 1 November and 13 December. Here the Fed broadly anticipates holding rates around current levels, or slightly higher, and waiting for inflation to trend lower. The market\u2019s view is that rates move lower over that period maybe in 0.25-percentage-point increments, perhaps capped by a slightly larger cut at December\u2019s meeting.<\/p>\n<p>Ultimately, maybe the divergence between the markets and the Fed comes down to the expected path for inflation. Powell spelled this out explicitly. \u201cWe on the committee have a view that inflation is going to come down not so quickly&#8230; if that forecast is broadly right&#8230;we won\u2019t cut rates.\u201d<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/simonmoore\/2023\/05\/03\/what-to-look-for-from-the-feds-five-remaining-meetings-of-2023\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve has now held three of its eight scheduled meetings for 2023, raising rates 0.25-percentage-points at each of them. With five meetings remaining for 2023, the Fed views itself as likely to hold rates steady or possibly increase them slightly over the remainder of 2023 since \u201cthe process of getting inflation back down [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-3821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What To Look For From The Fed\u2019s Five Remaining Meetings Of 2023 | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The Federal Reserve has now held three of its eight scheduled meetings for 2023, raising rates 0.25-percentage-points at each of them. With five meetings\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=3821\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What To Look For From The Fed\u2019s Five Remaining Meetings Of 2023 | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"The Federal Reserve has now held three of its eight scheduled meetings for 2023, raising rates 0.25-percentage-points at each of them. With five meetings\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=3821\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-03T22:40:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-03T22:41:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1683153659_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=3821#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=3821\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"What To Look For From The Fed\u2019s Five Remaining Meetings Of 2023\",\"datePublished\":\"2023-05-03T22:40:59+00:00\",\"dateModified\":\"2023-05-03T22:41:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=3821\"},\"wordCount\":518,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=3821#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=3821\",\"url\":\"https:\/\/ifintechworld.com\/?p=3821\",\"name\":\"What To Look For From The Fed\u2019s Five Remaining Meetings Of 2023 | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-03T22:40:59+00:00\",\"dateModified\":\"2023-05-03T22:41:00+00:00\",\"description\":\"The Federal Reserve has now held three of its eight scheduled meetings for 2023, raising rates 0.25-percentage-points at each of them. With five meetings\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=3821#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=3821\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=3821#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What To Look For From The Fed\u2019s Five Remaining Meetings Of 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What To Look For From The Fed\u2019s Five Remaining Meetings Of 2023 | iFintechWorld","description":"The Federal Reserve has now held three of its eight scheduled meetings for 2023, raising rates 0.25-percentage-points at each of them. With five meetings","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=3821","og_locale":"en_US","og_type":"article","og_title":"What To Look For From The Fed\u2019s Five Remaining Meetings Of 2023 | iFintechWorld","og_description":"The Federal Reserve has now held three of its eight scheduled meetings for 2023, raising rates 0.25-percentage-points at each of them. With five meetings","og_url":"https:\/\/ifintechworld.com\/?p=3821","og_site_name":"iFintechWorld","article_published_time":"2023-05-03T22:40:59+00:00","article_modified_time":"2023-05-03T22:41:00+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1683153659_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=3821#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=3821"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"What To Look For From The Fed\u2019s Five Remaining Meetings Of 2023","datePublished":"2023-05-03T22:40:59+00:00","dateModified":"2023-05-03T22:41:00+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=3821"},"wordCount":518,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=3821#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=3821","url":"https:\/\/ifintechworld.com\/?p=3821","name":"What To Look For From The Fed\u2019s Five Remaining Meetings Of 2023 | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-03T22:40:59+00:00","dateModified":"2023-05-03T22:41:00+00:00","description":"The Federal Reserve has now held three of its eight scheduled meetings for 2023, raising rates 0.25-percentage-points at each of them. With five meetings","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=3821#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=3821"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=3821#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"What To Look For From The Fed\u2019s Five Remaining Meetings Of 2023"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/3821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3821"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/3821\/revisions"}],"predecessor-version":[{"id":3823,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/3821\/revisions\/3823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/3822"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}