While the November FOMC meeting resulted in an unchanged fed funds rate to no one’s surprise, Fed Chair Jerome Powell followed it with a nearly hour-long press conference 30 minutes later. While some of his comments may have seemed hawkish, Powell acknowledged that the Fed remains data-dependent when handling the inflation situation.
CME Group Managing Director and Chief Economist Blu Putnam joined us on this week’s “See the Futures” to dissect what Powell said in the press conference and what effects it may have on futures markets in the near term and into next year.
Additional topics discussed in this free livestream:
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Why headline CPI might not be the best measure of inflation
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Comparison of quantitative easing and quantitative tightening
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Which markets might experience headwinds in 2024
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Bank of Japan’s adjustment to rates policy
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Why Blu focuses on federal spending over budget deficit when evaluating the U.S. economy
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