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Showing 101 - 110 of 421 results for "FOMC"

Inflated attention on September US CPI inflation

BENJAMIN ONG  |  MONDAY, 16 OCT 2017
... published in mid-2014 explains the history and reason for this: "The official switch from CPI to PCE occurred in 2000 when the FOMC stopped publishing CPI forecasts and began to frame its inflation projections in terms of the PCE price index. This shift ...

As clear as it gets

BENJAMIN ONG  |  WEDNESDAY, 27 SEP 2017
... Alternatively, long-run inflation expectations, which have an important influence on actual inflation, may not be consistent with the FOMC's 2% goal. More broadly, the conventional framework for understanding inflation dynamics could be misspecified ...

Fed does the thinkable

BENJAMIN ONG  |  THURSDAY, 21 SEP 2017
Well that was a bit of an anti-climax, wasn't it? The much-awaited US Federal Reserve's 19-20 September FOMC meeting produced little, if any, surprises. Interest rates were kept on hold this month but will be lifted by another 25 basis points to 1.5% ...

On the road to normal

BENJAMIN ONG  |  TUESDAY, 19 SEP 2017
... tit-for-tat, it'll be the Fed that will occupy financial market consciousness this week. The Federal Open Market Committee (FOMC) will start their two-day deliberations on monetary policy starting tonight while we sleep. Chances are they'll do nothing ...

Low-flation becoming less transitory?

BENJAMIN ONG  |  MONDAY, 14 AUG 2017
In its 26 July FOMC statement, the Fed noted: "Inflation on a 12-month basis is expected to remain somewhat below 2% in the near term but to stabilise around the Committee's 2% objective over the medium term. Near-term risks to the economic outlook ...

Low-flation to lower-flation?

BENJAMIN ONG  |  THURSDAY, 27 JUL 2017
... struggling with low inflation which it basically admitted to in its policy statement following the conclusion of its 26 July FOMC meeting: "On a 12-month basis, overall inflation and the measure excluding food and energy prices have declined and are ...

Dovish Fed, hawkish BOC

BENJAMIN ONG  |  THURSDAY, 13 JUL 2017
... 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 prepared remarks ...

The Fed's inflation and asset price conundrum

BENJAMIN ONG  |  WEDNESDAY, 28 JUN 2017
... spoke before the British Academy 'President's Lecture' in London last night. Yellen reiterated the message from the 14 June FOMC statement - when the Fed lifted the fed funds rate by 25 bps to 1% - 1.25% - and her press briefing that inflation has "declined ...

Eurozone gaining momentum

BENJAMIN ONG  |  THURSDAY, 22 JUN 2017
The US Federal Reserve took another step towards policy normalisation at its June FOMC meeting - announcing another 25 basis point lift in the fed funds rate from one to 1.25% (the second this year) while at the same time giving notice that it would ...

US labour market covfefe

BENJAMIN ONG  |  MONDAY, 5 JUN 2017
... expectations, most expect that another 25 bps hike in the fed funds rate would be signed, sealed and delivered after the FOMC meets on 13-14 June. US non-farm payrolls rose by 138,000 in the month of May - down from the 174,000 addition recorded in April ...