Summary of statements by FED officials in the past week, is the possibility of cutting interest rates at the June meeting still open?

🔶The upcoming FED meeting minutes will give us the FED's view on current inflation. It is worth noting that the statements of FED members in the past week have been very hawkish, they believe that the FED still needs to continue tightening, specifically:

🔥Atlanta Fed President - Bostic:

- It will take some time before we can be sure that inflation will fall to 2%.

- The Fed's policy stance is currently "tightening".

🔥FOMC member - Barr

- Inflation in the first quarter is very disappointing, there is not enough confidence for the FED to loosen policy (for now).

- The Fed needs to maintain tighter policy to achieve its inflation target (hawkish).

- The Ministry of Finance needs to adjust existing liquidity rules for banks (meaning tighten liquidity).

🔥Member of the Board of Governors of the Fed - Jefferson

- The labor market is more balanced and inflation has decreased, but still not as expected.

🔥Fed Vice Chairman - Philip Jefferson:

- Although inflation data in April was quite positive, it cannot be confirmed that inflation will decrease towards the target (2%) in a sustainable way.

🔥FED Vice Chairman of Supervision - Fed Michael Barr:

- The first quarter inflation indicators do not give us enough confidence to start cutting interest rates

🔥Cleveland Fed President - Loretta Mester:

- The economy is stronger than expected, the FED will not be able to cut interest rates 3 times this year. If inflation increases again in the following months. The FED can absolutely keep interest rates unchanged or increase them.

🔥$BNB