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Showing 1 - 10 of 48 results for "FOMC Statement"

Federal Reserve holds rates steady

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... policy, the Committee will continue to monitor the implications of incoming information for the economic outlook," a FOMC statement said. "The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could ...

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
... bolsters Fed tapering talks but the fast spreading Delata variant could still upend the recovery. In its 28 July FOMC statement, the Fed itself noted that, "The path of the economy continues to depend on the course of the virus. Progress on vaccinations ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
... Committee's symmetric 2 percent objective," it said. But hold your horses. Recall the "Fed pause" in early 2019? The FOMC Statement released on January 30 last year said almost the same thing, "...the Committee decided to maintain the target range ...

Chief economist update: Fed plans for Trump contingency

BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
... much except for self-congratulations and back-patting. What matters more is the forward guidance implicit in the FOMC Statement and chair Powell's words at the press conference that followed and, the economic projections and expected path of the ...

Three down one to go, then another three in 2019

BENJAMIN ONG  |  THURSDAY, 27 SEP 2018
... short of the record peak hit on 21 September this year). And why shouldn't they? The first paragraph of the FOMC Statement alone should be enough to persuade any investor to hit the buy button. "Information received since the Federal Open Market ...

Chief economist update: Minutes of concerns

BENJAMIN ONG  |  FRIDAY, 6 JUL 2018
... Reserve's optimistic outlook for America's economic growth, unemployment and inflation and that, as per the 13 June FOMC statement, the risks to this outlook "appear roughly balanced." However, the minutes of the 12-13 June FOMC meeting indicates ...

Chief economist update: Fed's on target, BOJ takes out target

BENJAMIN ONG  |  THURSDAY, 3 MAY 2018
... expected and a non-event - it kept the fed funds rate target at 1.5%-1.75% and more or less cut and pasted the FOMC Statement at its 20-21 March meeting. Well, maybe less, for May's statement was missing the phrase "the Committee is monitoring inflation ...

Chief economist update: Dot tales

BENJAMIN ONG  |  THURSDAY, 22 MAR 2018
... funds rate target by 25 basis points to 1.5%-1.75% following its 20-21 March FOMC meeting. One sentence in the FOMC statement provides the underlying rationale for its move: "The economic outlook has strengthened in recent months." This is highlighted ...

Chief economist update: Wall Street wails on inflation indications

BENJAMIN ONG  |  MONDAY, 5 FEB 2018
"Be careful what you wish for." It's a well-known truism in the current economic cycle that the world's major central banks (the BOE excluded) have been wishin' and hopin' and thinkin' and prayin' for inflation to climb to their target rates. It appears ...

Three is the magic number

BENJAMIN ONG  |  THURSDAY, 14 DEC 2017
... maintained its core PCE price index at 1.9% next year and 2.0% in 2019. There was no mention of Trump's tax plan in the FOMC statement but in the transcript of her press conference, Yellen said that, "While changes in tax policy will likely provide some ...
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