កិច្ចប្រជុំប្រចាំខែមីនា ឆ្នាំ 2022 របស់ Fed៖

Federal Reserve officials discussed how they want to reduce their trillions in bond holdings at their March meeting, with a consensus amount around $95 billion, minutes released Wednesday showed.

Officials “generally agreed” that a limit of $60 billion in Treasurys and $35 billion in mortgage-backed securities would be allowed to roll off, phased in over three months.

At the meeting, the Fed approved its first interest rate increase in more than three years. The 25 basis point increase — a quarter percentage point — lifted the benchmark short-term borrowing rate from the near-zero level where it had been since March 2020.

បន្ថែមពីលើការពិភាក្សាតារាងតុល្យការ មន្ត្រីក៏បានពិភាក្សាអំពីល្បឿននៃការដំឡើងអត្រាការប្រាក់នាពេលខាងមុខ ដោយសមាជិកបានទំនោរទៅរកចលនាកាន់តែខ្លាំងក្លា។

That means potential rate hikes of 50 basis points at upcoming meetings, a level consistent with market pricing for the May vote. In fact, there was considerable sentiment to go higher last month.

“Many participants noted that — with inflation well above the Committee’s objective, inflationary risks to the upside, and the federal funds rate well below participants’ estimates of its longer-run level — they would have preferred a 50 basis point increase in the target range for the federal funds rate at this meeting,” the minutes said.

Uncertainty over the war in Ukraine deterred some officials from going with the 50 basis point move.

However, the Fed’s relative hawkishness extended to the balance sheet talk. Some members wanted no caps on the amount of monthly runoff, while others said they were good with “relatively high” limits.

The balance sheet rundown will see the Fed allowing a capped level of proceeds from maturing securities to roll off each month while reinvesting the rest. Holdings of shorter-term Treasury bills would be targeted as they are “high valued as safe and liquid assets by the private sector.”

ខណៈពេលដែលមន្ត្រីមិនបានបោះឆ្នោតជាផ្លូវការ កំណត់ហេតុបានបង្ហាញថាសមាជិកបានយល់ព្រមដំណើរការអាចចាប់ផ្តើមនៅក្នុងខែឧសភា។

ភាគហ៊ុន fell following the Fed release while government bond yields held higher.

Also at the meeting, Fed officials also sharply raised their inflation outlook and lowered their economic growth expectations. Surging inflation is the driving factor behind the central bank tightening.

ទីផ្សារកំពុងសម្លឹងមើលការចេញផ្សាយកំណត់ហេតុសម្រាប់ព័ត៌មានលម្អិតអំពីកន្លែងដែលគោលនយោបាយរូបិយវត្ថុពីទីនេះ។ ជាពិសេស ប្រធាន Fed លោក Jerome Powell បាននិយាយនៅក្នុងសន្និសីទសារព័ត៌មានក្រោយកិច្ចប្រជុំរបស់គាត់ថា នាទីនឹងផ្តល់ព័ត៌មានលម្អិតអំពីការគិតអំពីការកាត់បន្ថយតារាងតុល្យការ។

ធនាគារកណ្តាលបានពង្រីកការកាន់កាប់របស់ខ្លួនដល់ប្រហែល 9 ពាន់ពាន់លានដុល្លារ ឬច្រើនជាងពីរដងក្នុងអំឡុងពេលការទិញមូលបត្របំណុលប្រចាំខែបន្ទាប់ពីមានវិបត្តិជំងឺរាតត្បាត។ ការទិញទាំងនោះបានបញ្ចប់ត្រឹមតែមួយខែប៉ុណ្ណោះ បើទោះបីជាមានភស្តុតាងនៃអតិផរណាដែលកើនឡើងខ្ពស់ជាងអ្វីដែលសហរដ្ឋអាមេរិកបានឃើញចាប់តាំងពីដើមទសវត្សរ៍ឆ្នាំ 1980 ក៏ដោយ ការកើនឡើងដែលពេលនោះជាប្រធាន Paul Volcker បានបង្ក្រាបដោយការអូសទាញសេដ្ឋកិច្ចឱ្យធ្លាក់ក្នុងវិបត្តិសេដ្ឋកិច្ច។

Policymakers in recent days have grown increasingly strident in their views about taming inflation.

Governor Lael Brainard said Tuesday that bringing prices down will require a combination of steady hikes plus aggressive balance sheet reduction. Markets expect the Fed to hike rates a total of 250 basis points this year.

នេះជាព័ត៌មានទាន់ហេតុការណ៍។ សូមពិនិត្យមើលនៅទីនេះសម្រាប់ព័ត៌មានថ្មីៗ.