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Showing 101 - 110 of 427 results for "FOMC"

Three is the magic number

BENJAMIN ONG  |  THURSDAY, 14 DEC 2017
... Fed delivered! The US central bank lifted the fed funds rate by 25 basis points to 1.25%-1.50% following its 12-13 December FOMC meeting - as widely expected and telegraphed but more importantly, as the dot plot of December 2016 (three rate hikes in ...

Powell power

BENJAMIN ONG  |  THURSDAY, 30 NOV 2017
... increases in the federal funds rate will be appropriate to sustain a healthy labor market and stabilize inflation around the FOMC's 2 percent objective. That expectation is based on the view that the current level of the federal funds rate remains somewhat ...

The price is not right

BENJAMIN ONG  |  THURSDAY, 23 NOV 2017
Quo vadis inflation? The minutes of the Fed's 31 October - 1 November FOMC meeting revealed Yellen & Co's continued confusion over the unresponsiveness of consumer price inflation to undeniably solid growth in the economy. According to the minutes ...

Fed does the expected, will do as expected

BENJAMIN ONG  |  THURSDAY, 2 NOV 2017
It was the event that wasn't. This event, of course, is the US Federal Reserve's 31 October - 1 November FOMC meeting. The Fed's forward guidance is the same as it was in the 20 September FOMC statement when it announced that it would initiate its balance ...

Two holds and a raise

BENJAMIN ONG  |  TUESDAY, 31 OCT 2017
... BOJ Governor Haruhiko Kuroda's continuity at the helm of the central bank. The Fed holds its Federal Open Market Committee (FOMC) meeting on 31 October - 1 November. Although there are other fishes to fry - Trump tax cuts, Trump nomination of new Fed ...

Beige Book report delivers known knowns

BENJAMIN ONG  |  THURSDAY, 19 OCT 2017
... Reserve districts. And if I may add, it's released approximately two weeks before the Fed deliberates on monetary policy at its FOMC meetings, giving its findings more weight and relevance to the Fed's discussions. But it hasn't received much attention ...

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 ...