9 Jun 2023 International Economy FOMC meeting, June 13-14, 2023: Fed officials may not be unanimous in holding the policy rate at 5.00-5.25% (Business Brief No.4007) คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star We at KResearch expect that the Federal Reserve (Fed) may keep its policy rate steady at 5.00-5.25 percent during the Federal Open Market Committee (FOMC) meeting, June 13-14, 2023. Its resolution, however, will not likely be unanimous this time around, pending an assessment of the economic and inflation outlook following steeper rate hikes seen over the year. Although inflation rate in the US remains high amid the robust labor market, inflation overall has begun to ease gradually while the labor market has shown signs of a slowdown amid the increased risk of the US banking sector, which have led to credit tightening. Additionally, steeper rate increases over the year will substantially hurt the US economy going forward as a result of the lag time of the implementation of its monetary policy. It is expected that the US economic growth forecast and Fed Funds rate outlook, which reflects the Fed’s future monetary policy stance, will be disseminated at the upcoming FOMC meeting. If the US economic and inflation outlook differs from its prior estimate, the Fed still has the flexibility to alter its future monetary policy. We at KResearch are of the view that the Fed will likely keep its policy rate unchanged at the upcoming FOMC meeting, June 13-14, 2023, although it may not rule out any rate hikes at the subsequent FOMC meetings if needed, given the fact that inflation may surge again amid volatile global oil prices. However, if inflation declines gradually, the Fed may hold its policy rate at 5.00-5.25 percent until the end of 2023. At this time, markets largely view that the Fed may not cut its policy rate during 2023 as the US economy has not shown signs of a significant slowdown, as compared to the prior estimate. View full article Login / Register Or Enter the code from the poll Annotation This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow. International Economy Fed Related Analysis View all 14 Mar 2018 International Economy Thailand must brace for trade disputes between the US, EU and China, etc. (Current Issue No. 2905) The US is pressing ahead with trade measures against trade partners globally. In addition to their new ‘safeguard tariffs’ on imported solar panels and large washing machines imposed early in 2018, and more recently on imported steel and aluminum, the US is now preparing to implement protectionist measures against Chinese products valued at around USD60 billion. This direction will likely add significant pressure to global trade, thus, KResearch views that all eyes should be closely kept on negotiations between the US and EU, both being among the largest economies in the world. Details on those negotiations are expected to be released before the relevant ‘safeguard tariffs’ on steel and aluminum become effective at the end of next week. If the EU and China are exempted from these new tariffs, prevailing anxiety will ease. But to the contrary, without such exemptions, China and the EU may opt to implement their own trade protectionist measures against the US, as well. 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Read more 0 KB 0 KB 19 Dec 2017 International Economy Chinese Economy Continues Momentum to Yearend Growth next year inches toward balance, Focus on Reforms (Business Brief No.3719) China's latest economic indicators show that the Chinese economy has maintained momentum. Although China’s domestic eco... Read more 0 KB 0 KB View all