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Showing 11 - 20 of 108 results for "US Congress"

Chief economist update: It's the US consumer, stupid me

BENJAMIN ONG  |  WEDNESDAY, 12 FEB 2020
Uh-oh, I may have to put the letters "W" and "R" in front of my last name (Ong) cause that's what my last prognosis for the US economy and the Fed's response is turning out to be. I've been among those pencilling in a recession when the ...

Chief economist update: Wheels of US recession in motion

BENJAMIN ONG  |  THURSDAY, 22 AUG 2019
... 2001. Before the 'Great Recession' of 2008, 'El Maestro' Fed chief Alan Greenspan testified before the US Congress in February 2005, where he effectively discounted the bond market as irrational: "Some analysts have worried that the dip ...

Chief economist update: Trump trumps Fed

BENJAMIN ONG  |  TUESDAY, 29 JAN 2019
... jumped 1.3%. Trump did it! Wall Street's gains came after POTUS announced that he has reached a deal with the US Congress to end the record 35 days of partial government shutdown despite not getting his way - i.e. funding to build a wall. What he ...

NAFTA's dead, welcome USMCA

BENJAMIN ONG  |  TUESDAY, 2 OCT 2018
... Canadian Prime Minister Justin Trudeau and Mexico's President Enrique Pena Nieto in 60 days before being sent to the US Congress for final approval. According to reports, Canada agreed to lowering barriers in its dairy market, stronger intellectual ...

Chief economist update: The Goldilocks rate of interest

BENJAMIN ONG  |  WEDNESDAY, 18 JUL 2018
... cause economic activity to slow. Ho-hum. US Federal Reserve Chairman Jerome Powell's prepared testimony before the US Congress (and even in the Q&A session) offered very little forward guidance - it was mainly a playback of what markets already know ...

Chief economist update: New Fed chief, same policy direction (but more transparent)

BENJAMIN ONG  |  WEDNESDAY, 28 FEB 2018
... will depend on the economic outlook as informed by incoming data." My point is that Jerome only underscored to the US Congress the path that Yellen has already laid out. And Powell admitted as much: "I want to express my appreciation for my predecessor ...

Pre-Christmas delivery

BENJAMIN ONG  |  THURSDAY, 21 DEC 2017
... for Christmas. With final passage of this legislation, that is exactly what they are getting." (Donald Trump) The US Congress passed the long-awaited US$1.5 trillion tax reform package that will cut the US corporate income tax rate from 35% to 21% and ...

Powell power

BENJAMIN ONG  |  THURSDAY, 30 NOV 2017
... anything earth-shattering in US Federal Reserve Chair Janet Yellen's testimony before the Joint Economic Committee of the US Congress overnight where she discussed 'The Current Economic Outlook and Monetary Policy'. Growth is gaining momentum, inflation ...

One week delivery

BENJAMIN ONG  |  MONDAY, 30 JAN 2017
... as hard a bargain as you could but once the deal is made, you better deliver. Unless they don't cut muster with the US Congress and the Senate, expect Trump to deliver on tax cuts - company and personal - infrastructure spending, restructuring, that ...

Will 2017 be a mirror image of 2016?

BENJAMIN ONG  |  MONDAY, 9 JAN 2017
... 15-year averages. Where Wall Street goes, the world goes. He'll certainly try... but will it be watered down by the US Congress? Then there's the surging US dollar -- that slows US economic growth and plays into Trump's protectionist' stance that could ...