Federal Reserve Chair Jerome Powell speaks after Fed holds interest rates steady — 6/12/2024

Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.

The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year.

With markets hoping for a more accommodative central bank, Federal Open Market Committee policymakers following their two-day meeting took two rate reductions off the table from the three indicated in March. The committee also signaled that it believes the long-run interest rate is higher than previously indicated.

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Federal Reserve Chair Jerome Powell speaks after Fed holds interest rates steady — 6/12/2024

[angeladeem]

Interest rate cut and geopolitical uncertainty intensified a seII off in Big Tech Mkt darling Nvidia(NVDA)lost 10%, while Amazon(AMZN)saw a drop of more than 2%. Apple(AAPL)decreased 1%. I'm curious, which st0cks could potentially become the next META in terms of growth. I've allocated $350k for lnvestment, looking for companies to make additions to boost performance

[RuthEvelyn-rcbg]

Interesting how over 2% inflation has been a concern when central banks and the Fed begin to hike interest rates. I consider the rising interest rate to be a very serious issue since it will undoubtedly cause more investors to withdraw their money from the stock market. But then I'm still aware of certain investors that continue to earn over $365K. Wish I could accomplish that.

[finleysterling]

I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...

[CristianEnacheRealtor]

Denzel Washington once said, “If you don’t read the newspaper, you’re uninformed, if you do read the newspaper, you’re misinformed.”

[rosyrodriguez-zayas]

We found that the report lacked concrete information and substance. We believe that the American people deserve a more comprehensive and informative report.

[adamhatcher]

The guy that said there doesn't seem to be any inflationary pressure in the economy is NUTS and probably paid well to say that

[ckbfkew]

I believe I can summarize everything he just said here today in one sentence.
Your US leadership still needs inflation to be high to help pay for their continuation of their war in Ukraine.

[CM-tybt]

As long as the government keeps spending and giving away money we don't have, interest rates and inflation wont get better. Everyone saying drop interest rates but then inflation goes up due to the government spending money they don't have.

[deepburnfm]

The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire

[nikoooooooyaya]

as my ten year old would say: "liar liar pants on fire"

[muratuzer]

As long as people keep spending money, prices will rise. We are a prime example for what is called demand-pull inflation.

[kevinluxury]

did he say they are using the rate from last year to keep the rate high. Theft.

[CristianEnacheRealtor]

Who needs lower mortgage rates? 1% Who needs lower home prices? 99% ⏰️ It's time to wake up⏰️ #GTAOntario

[ronjr]

Well done. I am retired and love high interest rates. But also I am an investor and want lower rates.
I play both sides

[adamhatcher]

I know I'm not seeing prices come down!!!

[Greekpighunter]

All part time jobs since Americans have to take second jobs to pay their 20 percent plus interest for credit card balances…not good. Credit card delinquencies are near records

[MikaSingh-iebq]

I will be happy if my grocery actually increase 4% YoY, but reality it's more like 20%

[tedstriker]

Fed needs to be strong. Get inflation under control!

[vicchris]

He talked about inflation, people care about prices, they're not same

[rubennet]

What is saying is that he gonna cut rates next month but not gonna advise anybody, and like every meeting "never say nothing" that's the only way the rates work.