Post by account_disabled on Dec 13, 2023 5:12:38 GMT
It is beginning to be evident in the investment and real estate sectors. But the effect on inflation remains to be seen. As for the risk of inflation that comes from wages, We are starting to see some signs of the wage growth rate slowing down. However, adjustments to the interest rate policy after this will be determined by The cumulative effect of tight monetary policy from continued interest rate increases in the past and the length of time (lags) the effect of monetary policy will have on economic activity, inflation, and changes in financial markets. Emphasizing that decisions to adjust monetary policy at each meeting will focus on the data dependent model, ready to adjust when risks enter the system.
It will take into account Labor market conditions Inflation pressures and expectations Including changes Phone Number List in financial markets both domestically and internationally. In the Fed Chairman's view, he estimated that the US economic slowdown It is likely to have a soft landing, meaning the growth rate will slow down and grow lower than the normal trend (below trend growth) but still grow positively. The Fed Chairman emphasized that the soft landing view is a personal view, not that of the entire FOMC committee. The SCB CIO assesses that the Fed will stop raising interest rates and maintain interest rates at 5.00-5.25% throughout 2023, maintaining a positive view on US government bonds and slightly positive on investment grade bonds.
Dr. Kamphon went on to say that the Fed signals are becoming more clear. When the tension in the financial sector (Financial sector stress) will affect the US economy. clearly slowed down from the tightening of credit lending In the press conference, the Fed Chairman stated that lessons had been learned and that there would be steps taken to prevent this from happening again. The SCB CIO assessed that the changes Regulations applicable to the banking sector, especially small and medium-sized banks, will become more stringent in the coming period. The market still expects that there will be an interest rate cut in the second half of 2023, but SCB CIO maintains his view that the rate cut is very unlikely this year because the Fed still gives quite a lot of weight to inflation.
It will take into account Labor market conditions Inflation pressures and expectations Including changes Phone Number List in financial markets both domestically and internationally. In the Fed Chairman's view, he estimated that the US economic slowdown It is likely to have a soft landing, meaning the growth rate will slow down and grow lower than the normal trend (below trend growth) but still grow positively. The Fed Chairman emphasized that the soft landing view is a personal view, not that of the entire FOMC committee. The SCB CIO assesses that the Fed will stop raising interest rates and maintain interest rates at 5.00-5.25% throughout 2023, maintaining a positive view on US government bonds and slightly positive on investment grade bonds.
Dr. Kamphon went on to say that the Fed signals are becoming more clear. When the tension in the financial sector (Financial sector stress) will affect the US economy. clearly slowed down from the tightening of credit lending In the press conference, the Fed Chairman stated that lessons had been learned and that there would be steps taken to prevent this from happening again. The SCB CIO assessed that the changes Regulations applicable to the banking sector, especially small and medium-sized banks, will become more stringent in the coming period. The market still expects that there will be an interest rate cut in the second half of 2023, but SCB CIO maintains his view that the rate cut is very unlikely this year because the Fed still gives quite a lot of weight to inflation.