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Showing 111 - 120 of 422 results for %22FOMC%22

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 ...

Desperately seeking workers

BENJAMIN ONG  |  THURSDAY, 20 APR 2017
... could begin relatively soon" and not later this year, as financial markets speculated when the minutes of the 14-15 March FOMC meeting was released. The Beige Book report showed that economic activity continued to expand across all the 12 Federal Reserve ...

Of war, rate hikes and balance sheets

BENJAMIN ONG  |  MONDAY, 10 APR 2017
... revelations on the Fed's intent on shrinking its balance sheet. Yes, that one. The one contained in the minutes of the 14-15 March FOMC meeting: "Provided that the economy continued to perform about as expected, most participants anticipated that gradual ...

Too much ado about Fed reinvesting nothing

BENJAMIN ONG  |  THURSDAY, 6 APR 2017
... bell (the S&P 500 index closed 0.3% down after surging as high as 0.8% in early trade). This was the time the 14-15 March FOMC meeting minutes were released and... Wall Street saw that it wasn't good. This is because while the Fed's reference to the ...

Obamacare one, Trump nil

BENJAMIN ONG  |  MONDAY, 27 MAR 2017
... number of Fed rate hikes? Good thing Fed chair Janet Yellen was ahead of the game. In her press conference following the FOMC's decision to raise the fed funds rate by 25 bps to 0.75%-1.0%, Yellen stressed that: "As always, the economic outlook is highly ...

One Direction and the BOE

BENJAMIN ONG  |  MONDAY, 20 MAR 2017
... big event of March - the US Federal Reserve lifted the fed funds rate by 25 basis points to 0.75% - 1.0% at its 15-16 March FOMC meeting - the BOE did what markets expected, it maintained current monetary policy settings - the Bank Rate at a record low ...