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Adam Dellemonico

Loan Officer
Movement Mortgage
NMLS ID # 1624974
72 Pine St, 4th Floor, Providence, RI 02903
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p: (339) 234-2988
f: (401) 369-8567
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e: adam.dellemonico@movement.com

Fed's New Focus: A Shift from Inflation Control to Economic Growth

By: Movement Staff
August 23, 2024

This morning, Fed Chairman Jerome Powell delivered a highly anticipated speech at Jackson Hole. While Powell refrained from declaring victory over inflation, his remarks suggested a significant shift in the Federal Reserve's focus – from aggressive inflation control to supporting broader economic growth. This shift indicates a growing confidence that inflation is sufficiently under control to allow for the start of a rate easing cycle.

The easing cycle could begin as soon as the September meeting. However, uncertainties remain regarding the pace of rate cuts and the eventual neutral rate the Fed aims to achieve.

Author: Movement Staff

The Market Update is a weekly commentary compiled by a group of Movement Mortgage capital markets analysts with decades of combined expertise in the financial field. Movement's staff helps take complicated economic topics and turn them into a useful, easy to understand analysis to help you make the best decisions for your financial future.

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Adam Dellemonico
Loan Officer
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72 Pine St, 4th Floor, Providence, RI 02903
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NMLS # 1624974

State License #CT-LO-1624974, FL-LO93202, MA-MLO1624974, ME, NH, RI