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cover of episode Powell holds off on rate cuts

Powell holds off on rate cuts

2024/6/12
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Marketplace

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A
Amy Scott
J
Jerome Powell
现任美联储主席,曾任投资银行家和律师,领导美联储应对COVID-19疫情和控制通胀。
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Jerome Powell: 本次通胀数据好于预期,但美联储将继续关注未来数据,以决定是否调整利率。未来利率走向取决于经济数据和风险评估。 Sam Stovall: 较高的利率正在对经济增长造成影响,主要体现在GDP增长和银行贷款方面,但股市对利率上升反应平淡,房地产市场除外。 Lawrence Yoon: 7%的抵押贷款利率导致许多购房者持观望态度,而许多卖家不愿放弃3%的低利率抵押贷款,房地产市场交易低迷。 Joanne Hsu: 高利率对低收入和年轻消费者影响最大,因为他们更依赖借贷来维持生计,消费者信心受到打击。 Robert Frick: 高利率导致一些财务状况良好的人开始逾期还款,经济压力正在逐渐显现,预计这种情况将持续到利率下降。 Jerome Powell: The inflation data was better than expected, but the Fed will continue to monitor future data to determine whether to adjust interest rates. The future direction of interest rates depends on economic data and risk assessment. Sam Stovall: Higher interest rates are impacting economic growth, primarily in GDP growth and bank lending, but the stock market has reacted calmly to rising interest rates, except for the real estate market. Lawrence Yoon: Mortgage rates of 7% have caused many homebuyers to adopt a wait-and-see attitude, while many sellers are unwilling to give up their low-interest mortgages of 3%, resulting in sluggish transactions in the real estate market. Joanne Hsu: High interest rates hit lower-income and younger consumers the hardest, as they rely more on borrowing to make ends meet, and consumer confidence has been hit. Robert Frick: High interest rates have caused some people with good financial situations to start making late payments, and economic pressure is gradually emerging. This situation is expected to continue until interest rates fall.

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Inflation slowed in May, but the Fed decided not to cut interest rates yet, signaling just one cut later this year.

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Well, the Federal Reserve decided to stand pat on interest rates for now — and said it may make just one cut this year. In this episode, we break down the Fed’s latest move and look at which sectors are feeling the “lag effect” of rate hikes. Plus: Daycares are likely to raise prices as federal pandemic funding runs dry, and Fannie Mae’s chief climate officer says we should prepare for climate risk to become a bigger factor in the housing market.