Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 422 results for "FOMC"

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
... certainly 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 ...

Economic recap: Week to July 30

BENJAMIN ONG  |  MONDAY, 2 AUG 2021
... The weighted median CPI inflation sped up to 1.7% from 1.3%. The advance estimate of US GDP growth and the Fed's July FOMC meeting took centre stage last week. The US Bureau of Economic Analysis (BEA) reported that the country's GDP growth increased ...

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... the down low, while yields on 10-year US Treasuries went on the up and up. This is because while the much-anticipated June FOMC meeting produced no change in the prevailing monetary policy setting - the fed funds rate at 0-0.25% and bond purchases at ...

Chief economist update: Deflated expectations lift deflation expectations

BENJAMIN ONG  |  THURSDAY, 10 JUN 2021
... drive growth in the country's consumer prices significantly beyond zero. In his press conference after the 27-28 April FOMC meeting, Fed Chairman Powell stated that, "Readings on inflation have increased and are likely to rise somewhat further before ...

Chief economist update: Be afraid of inflation expectations

BENJAMIN ONG  |  FRIDAY, 14 MAY 2021
... personal consumption expenditures price index) modestly above the 2% inflation target set by the Federal Open Market Committee (FOMC). "This would be a welcome development for the FOMC, as inflation has generally been below target for many years." Now ...

Chief economist update: Inflation scare

BENJAMIN ONG  |  THURSDAY, 13 MAY 2021
... measured inflation would increase in the coming months, it is likely to be "transitory" - one that's echoed by his merry FOMC men. "It will take some time before we see substantial further progress," he said. And if the Fed is right, the most recent ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
... take it easy..." - Cat Stevens This is the US Federal Reserve's message to the markets at the conclusion of its April FOMC meeting in its efforts to calm concerns over rising inflation expectations that would eventually force the Fed's hand into ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
... over the Fed's thoughts and actions, Powell and Co. did what financial markets expected - nothing - at their 16-17 March FOMC meeting. "The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent... will continue ...

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
... rate of 2.1% in 2018 to 1.5% in 2019 before clocking 1.3% in the year to December 2020. Then again, the minutes show the FOMC acknowledging rising inflation: "In the relatively near term, a number of participants suggested that there could be increases ...

Chief economist update: Disappointing jobs results raise Biden's stimulus bid

BENJAMIN ONG  |  MONDAY, 8 FEB 2021
... forecast of 6.3% and push the unemployment rate to 4% or below by year end." And then there's the Fed. In his post-26-27 FOMC meeting press conference, chair Jerome Powell tried to calm markets and prevent a repeat of the taper tantrum that sent ...