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Showing 11 - 20 of 195 results for "FOMC meeting"

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

BENJAMIN ONG  |  MONDAY, 8 FEB 2021
... 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 bond yields ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
The Fed's final act for the pandemic year 2020 was inaction. At the conclusion of its December FOMC meeting, the US Federal Reserve said: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects it ...

Chief economist update: Zero beyond 2023

BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
... at the August 27 Jackson Hole Symposium is now live. The Fed kept policy settings unchanged at its 15-16 September FOMC meeting - the first since "the Hole" - and promised "to keep the target range for the federal funds rate at 0 to 1/4 percent and expects ...

Chief economist update: Worse news is better news

BENJAMIN ONG  |  THURSDAY, 20 AUG 2020
... million) in the world and the most deaths (176.3K). This is not lost on the Fed. The minutes of their 28-29 July FOMC meeting revealed its downgrade to earlier growth predictions. "The projected rate of recovery in real GDP, and the pace of declines ...

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... rising infections. A fact not lost on US Fed chair Jerome Powell. At a press conference following the 28-29 July FOMC meeting, Powell declared: "We have seen some signs in recent weeks that the increase in virus cases and the renewed measures to control ...

Chief economist update: The power of money (and a cure)

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
... pointed the finger on the Fed's gloomy outlook for the US economy (declared at the conclusion of its 9-10 June FOMC meeting) and the increasing likelihood of a second wave in America. I defended the Fed back then. Don't blame the Fed... Sure ...

Chief economist update: The second wave

BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
... point the finger on the Fed's gloomy outlook for the US economy (declared at the conclusion of its 9-10 June FOMC meeting) and the increasing likelihood of a second wave in America. Don't blame the Fed... Sure, the Fed has painted a dark picture ...

Chief economist update: Don't fight the Fed

BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
... As expected, the US Federal Reserve left the fed funds rate target at 0-0.25% at the conclusion of its 9-10 June FOMC meeting, repeated their commitment "to using its full range of tools to support the U.S. economy... until it is confident that the economy ...

Chief economist update: No escaping the inverted yield curve

BENJAMIN ONG  |  MONDAY, 4 MAY 2020
... curve positive around October of that year and continued to steepen. So much so that by the Fed's December 2019 FOMC meeting, Chairman Jerome Powell was waxing optimistic, "Our economic outlook remains a favourable one despite global developments ...

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
... facilities to support corporate markets." These after a 150 basis point cut in interest rates before its scheduled 17-18 FOMC meeting (which was cancelled). In Australia, the RBA's rate cuts on March 3 and March 19 - the official cash rate is now ...