Little hints from the Fed
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 8 September 2023
⏱️ 7 minutes
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Summary
Federal Reserve officials are keeping a low profile ahead of its upcoming meeting on interest rates. But some economists are playing detective — following the crumbs central bankers have left and trying to deduce whether rates will go up again. Plus, while U.S. office spaces remain empty, things look different Singapore. We’ll visit a business district during the lunch rush.
Transcript
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| 0:00.0 | Following these breadcrumbs being left by our central bankers, I'm David Brancacia. |
| 0:06.9 | We've heard from about half a dozen federal reserve officials this week, and there are |
| 0:11.0 | a couple more speaking today. |
| 0:13.0 | After that, the Fed enters what's called a quiet period with officials keeping a low |
| 0:16.9 | public profile ahead of its meeting on interest rates in a couple of weeks. |
| 0:21.1 | These central bankers have been leaving us little hints, Christopher Lowe, chief economist |
| 0:25.8 | at FHN Financial. |
| 0:27.4 | Good morning. |
| 0:28.4 | Good morning, David. |
| 0:30.4 | Where do these clues lead? |
| 0:32.4 | Do you think? |
| 0:33.4 | Well, you know, the FOMC is split into two camps for the most part. |
| 0:39.5 | There's one group that says they probably will not raise rates in a couple of weeks, but |
| 0:45.8 | they might raise rates in November, depending on the data. |
| 0:50.3 | And then there's another group that says they probably won't raise rates in two weeks, |
| 0:56.4 | but they might not have to raise rates in November, depending on the data. |
| 1:02.0 | That seems like almost like the same conclusion from the two groups. |
| 1:07.2 | You know, we drew the same conclusion, as Jay Powell so eloquently said, what they do |
| 1:14.5 | from here on depends on the totality of the data. |
| 1:19.6 | Christopher Lowe, chief economist at FHN Financial, a harbinger of the weekend on this program |
| 1:24.6 | every Friday. |
| 1:25.6 | Thank you very much. |
... |
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