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Showing 111 - 120 of 427 results for "FOMC"

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 ...

Good to go

BENJAMIN ONG  |  MONDAY, 29 MAY 2017
... that it takes US economic growth closer to the Fed's median projection of 2.1% growth (year-on-year) for 2017. If the May FOMC statement is any guide, "The Committee expects that economic conditions will evolve in a manner that will warrant gradual increases ...

Fed trumps Trump

BENJAMIN ONG  |  THURSDAY, 25 MAY 2017
... Federal Reserve has taken back the economic agenda from Trump. While financial markets already know the gist of the 2-3 May FOMC meeting from the monetary policy statement announced at its conclusion, the minutes of that meeting provide nothing but good ...

Three steps and yields stumble

BENJAMIN ONG  |  MONDAY, 15 MAY 2017
... last week - a 30 basis point stumble from this year's high of 2.63% recorded on 13 March (a day before the Fed's 14-15 March FOMC meeting that concluded with the announcement of the third rate hike in the current cycle). Apart from concerns about the ...

Fearless forecasting

BENJAMIN ONG  |  THURSDAY, 4 MAY 2017
Ho-hum. The Fed met and adjourned their 2-3 May FOMC meeting and it was a non-event, announcing no change in policy as Janet Yellen and her merry men see no change in their forecasts. "The Committee expects that, with gradual adjustments in the stance ...