Inflatie is veel te hoog.
Letterlijk de eerste woorden, Fed-voorzitter Jerome Powell valt met deur in huis in zijn persconferentie. Hij spreekt ook van 50 basispunten voor de volgende couple of meetings en hoe zit dat met die inflatie? Boem!
04 May - 20:46:05 [RTRS] - POWELL: IF WE SEE WHAT WE EXPECT TO SEE, THEN IT WILL BE 50 BPS ON THE TABLE AT NEXT TWO MEETINGS
04 May - 20:44:23 [RTRS] - POWELL: EXPECTATION S ARE THAT WE'LL START TO SEE INFLATION FLATTENING
04 May - 20:44:33 [RTRS] - POWELL: SOME EVIDENCE CORE PCE PEAKING
De koersen beginnen echter ineens duivisch te lopen - aandelen omhoog, rente en dollar omlaag - en ik zie niet meteen waarom.
Is dit ook wat de koersen drijft? Stagflatie is namelijk het grote vloekwoord. Meer speculatief denk ik dat de markt is gerustgesteld door Powells ferme taal: de Fed twijfelt niet meer en gaat met alle mogelijk middelen de inflatie bestrijden. En hij zei dat de economie er mogelijk mee wegkomt, ofwel ook geen recessie.
04 May - 20:49:55 [RTRS] - POWELL: WE CAN'T ALLOW A WAGE PRICE SPIRAL
04 May - 20:49:09 [RTRS] - POWELL: WE DON'T SEE A WAGE PRICE SPIRAL
Álles volgens verwachting. Dit is Reuters over het Fed-rentebsluit om 20:00 uur. Geen schattingen van BBP, werkloosheid en inflatie voor de komende maanden en jaren: dat is nu té zeer koffiedik kijken. U ziet dat de Fed niet zo enthousiast is... De bijl gaat in de balans, maar ook dat is volgens consensus.
04 May - 21:13:03 [RTRS] - POWELL: THERE MAY BE SOME PAIN FOR PEOPLE IN US GETTING INFLATION BACK DOWN TO 2%, BUT BIGGER PAIN NOT DEALING WITH IT
04 May - 21:12:40 [RTRS] - POWELL: BUSINESSES WILL INVEST A LITTLE LESS, CONSUMERS WILL SPEND A LITTLE LESS
04 May - 21:12:26 [RTRS] - POWELL: AS WE RAISE INTEREST RATES, DEMAND MODERATES
04 May - 21:09:43 [RTRS] - POWELL: PEOPLE ESTIMATE THAT BROADLY ON THE PATH WE ARE ON BALANCE SHEET REDUCTION WILL DELIVER EQUIVALENT OF 1/4 PCT POINT RATE INCREASE OVER THE COURSE OF A YEAR
04 May - 21:00:06 [RTRS] - POWELL: WE HAVE A GOOD CHANCE OF AVOIDING RECESSION
04 May - 20:59:37 [RTRS] - POWELL: YOU COULD SEE SOME SLOWING IN THE EOCNOMY
04 May - 20:59:24 [RTRS] - POWELL: NOTHING IN ECONOMY SUGGESTS IT IS CLOSE TO RECESSION
04 May - 20:59:09 [RTRS] - POWELL: IT'S A GOOD TIME TO BE A WORKER
04 May - 20:58:11 [RTRS] - POWELL: GOOD CHANCE WE CAN BRING INFLATION DOWN WITHOUT SIGNIFICANT INCREASES IN UNEMPLOYMENT
04 May - 20:57:50 [RTRS] - POWELL: RAISING RATES ISN'T GOING TO BE PLEASANT, BUT NEED TO RESTORE STABLE PRICES,
04 May - 20:51:09 [RTRS] - POWELL: FOR BOTH UKRAINE WAR, CHINA LOCKDOWNS, BOTH LIKELY TO ADD TO HEADLINE INFLATION
04 May - 20:37:49 [RTRS] - POWELL: AMERICA WELL POSITIONED TO HANDLE TIGHTER POLICY
04 May - 20:35:35 [RTRS] - POWELL: 50 BPS RATE HIKES ON TABLE NEXT COUPLE OF MEETINGS
04 May - 20:33:28 [RTRS] - POWELL: DISRUPTIONS TO SUPPLY LARGER, LONGER-LASTING THAN ANTICIPATED
04 May - 20:33:00 [RTRS] - POWELL: WAGES ARE RISING AT FASTEST PACE IN MANY YEARS
04 May - 20:32:06 [RTRS] - POWELL: UNDERLYING MOMENTUM IN ECONOMY REMAINS STRONG
04 May - 20:31:23 [RTRS] - POWELL: LABOR MARKET IS EXTREMELY TIGHT
04 May - 20:30:54 [RTRS] - POWELL: WE UNDERSTAND THE HARDSHIP AND MOVING EXPEDITIOUSLY TO BRING INFLATION DOWN
04 May - 20:30:43 [RTRS] - POWELL: INFLATION IS MUCH TOO HIGH
VIDEO