{"id":4811,"date":"2023-09-21T11:51:33","date_gmt":"2023-09-21T03:51:33","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=4811"},"modified":"2023-09-21T11:51:33","modified_gmt":"2023-09-21T03:51:33","slug":"fed-leaves-rates-unchanged-while-revising-up-gdp-forecasts-on-the-optimistic-economic-outlook","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/vn\/fed-leaves-rates-unchanged-while-revising-up-gdp-forecasts-on-the-optimistic-economic-outlook\/","title":{"rendered":"Federal Reserve Maintains Rates and Upgrades GDP Projections"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color has-medium-font-size\"><time datetime=\"2023-09-21T11:51:33+00:00\"><a href=\"https:\/\/www.umtradings.com\/vn\/fed-leaves-rates-unchanged-while-revising-up-gdp-forecasts-on-the-optimistic-economic-outlook\/\">September 21, 2023<\/a><\/time><\/div>\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>Federal Reserve Interest Rate Stability<\/strong><\/h1>\n\n\n\n<p class=\"has-medium-font-size\">The Federal Reserve (FED) held rates still at 5.25 to 5.5%. Chairman Powell said at a press conference after the meeting, &#8220;We will continue to make interest rate decisions on a case-by-case basis based on all data and the impact on economic activity and the outlook for inflation. &#8221;\u00a0<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Chairman Powell&#8217;s Insights<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">Powell said that there is still great uncertainty about the timing of interest rate cuts. The forecast for 2024 is only a current estimate.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">He believes that the time for interest rate cuts in 2024 will always come, but he said that he would not specify a specific time. He believes that the labor market will eventually weaken, but must proceed with caution, believing that the failure to restore price stability is a more serious problem.\u00a0<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Interest Rate Projections<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">Judging from the interest projections released with the statement, the FED is expected to raise interest rates by another 25 basis points this year, with interest rates peaking at 5.50%-5.75 %.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Technology stocks will be under increasing pressure as rising interest rates push up bond yields, attracting investors to shift more cash into the bond market.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/09\/1-3-1.png\" alt=\"\" class=\"wp-image-4817\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center has-small-font-size\"><em>(FOMC interest rate target level, FOMC)&nbsp;<\/em><\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Revised GDP Forecasts<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">The FED believes that the U.S. economy is improving and has revised its 2023 gross domestic product (GDP) growth forecast upward to 2.1% from the 1.0% forecast in June. It has also revised the GDP forecast from 1.1% to 1.5% for 2024. The forecast value for 2026 was first announced at 1.8%.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/09\/2-3-1.png\" alt=\"\" class=\"wp-image-4818\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center has-small-font-size\"><em>(GDP Forecast, FOMC)&nbsp;<\/em><\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">In conclusion, the Federal Reserve&#8217;s decision to maintain interest rates and revise GDP forecasts upwards in October 2023 is a clear indication of its faith in the U.S. economic outlook. <\/p>\n\n\n\n<p class=\"has-medium-font-size\">The FED&#8217;s cautious approach to interest rates, its commitment to data-driven decision-making, and its unwavering focus on price stability will play pivotal roles in steering the nation toward sustainable economic growth and stability in the years to come.<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"has-small-font-size\"><em>Disclaimer\u00a0\u00a0<\/em><\/p>\n\n\n\n<p class=\"has-small-font-size\"><em>Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Interest Rate Stability The Federal Reserve (FED) held rates still at 5.25 to 5.5%. Chairman Powell said at a press conference after the meeting, &#8220;We will continue to make interest rate decisions on a case-by-case basis based on all data and the impact on economic activity and the outlook for inflation. &#8221;\u00a0 Chairman [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":4833,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2,3],"tags":[39],"class_list":["post-4811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market_news","category-latest","tag-fed"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/4811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/comments?post=4811"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/4811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/media?parent=4811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/categories?post=4811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/tags?post=4811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}