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Showing 31 - 40 of 208 results for "Yellen"

As clear as it gets

BENJAMIN ONG  |  WEDNESDAY, 27 SEP 2017
... prophecy whereby actual inflation remains low (if not lower). Each one presented valid arguments for their cases but Janet Yellen's speech before the 59th Annual Meeting of the National Association for Business Economics in Cleveland, Ohio proved why ...

Transparency to the max

BENJAMIN ONG  |  MONDAY, 25 SEP 2017
... these are the lowest readings on Factset's record (1990). There were a number of occasions in the past when Fed Chair Janet Yellen cautioned that these ultra-low readings (the VIX index's long-term average is around 20) could imply investor complacence. ...

Fed does the thinkable

BENJAMIN ONG  |  THURSDAY, 21 SEP 2017
... since 1993. Hardly surprising given that the Fed made hardly any changes to its economic assessments and projections. Janet Yellen's admission that she and "the committee clearly understands what the causes are" of persistently low inflation only increased ...

On the road to normal

BENJAMIN ONG  |  TUESDAY, 19 SEP 2017
... unwinding of its balance sheet. But here too, there's nothing to fear. Liquidity won't dry up abruptly. Instead, as Chair Yellen revealed when asked about the balance sheet last June, it will be like "watching paint dry". Yellen expects QE taper to "to ...

ECB disengages from currency war

BENJAMIN ONG  |  TUESDAY, 15 AUG 2017
... except to say that "the repricing of the exchange rate has received some attention". Perhaps, it's because (to use Madam Yellen's words), the economy is evolving broadly as anticipated. While inflation remains below the ECB's 2.0% target - headline at ...

Low-flation becoming less transitory?

BENJAMIN ONG  |  MONDAY, 14 AUG 2017
... below the Fed's 2% target - after peaking at 2.3% in January this year. These once again raise doubts over Fed Chair Janet Yellen's claim the weakness in inflation is transitory. More so given the strength in the US labour market, underscored by another ...

Powered by low-flation

BENJAMIN ONG  |  MONDAY, 31 JUL 2017
... above expectations, better than the 0.5% average positive surprise rate." Not only this, the latest GDP update confirmed Yellen's words that the first quarter weakness was transitory with growth in the economy accelerating to an annualised rate of 2.6% ...

Is the Fed the victim of its own success?

BENJAMIN ONG  |  MONDAY, 17 JUL 2017
... sequential deceleration since January's 2.3 year-on-year rate. Suddenly, low inflation is looking less "transitory" as Janet Yellen deems in the latest Fed statement and in her recent testimonies. It's also looking less likely due to what Yellen termed ...

Dovish Fed, hawkish BOC

BENJAMIN ONG  |  THURSDAY, 13 JUL 2017
Janet's in the house. US Fed Chair Janet Yellen's much-awaited testimony did not differ greatly from what was already divulged in the FOMC statement released on 14 June - when the Fed raised the fed funds rate by 25 basis points to 1%-1.25%. In her ...

Low inflation exporter

BENJAMIN ONG  |  TUESDAY, 11 JUL 2017
... inflation low in the US and the Eurozone, among others. We'll soon find out what the Fed makes of all these when Chair Janet Yellen testifies before Senate Banking Committee this Wednesday and before the House Financial Services Committee the following ...