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Showing 11 - 20 of 48 results for "FOMC statement"

Fed does the expected, will do as expected

BENJAMIN ONG  |  THURSDAY, 2 NOV 2017
... 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 sheet normalisation program in October. It's also a straight copy ...

Inflated attention on September US CPI inflation

BENJAMIN ONG  |  MONDAY, 16 OCT 2017
Heading into last weekend, financial headlines abound over the latest update on US consumer price inflation. Financial market participants keenly awaited its release for clues on future Fed monetary policy direction...or so the headlines say. I say ...

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 ...

Dovish Fed, hawkish BOC

BENJAMIN ONG  |  THURSDAY, 13 JUL 2017
... 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 before ...

The Fed's inflation and asset price conundrum

BENJAMIN ONG  |  WEDNESDAY, 28 JUN 2017
... 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 recently" ...

US labour market covfefe

BENJAMIN ONG  |  MONDAY, 5 JUN 2017
... downwardly revised 0.2% uptick), for a year-on-year rate of 2.5% in May (also unchanged from April). In its March FOMC statement, the Fed declared that "The Committee views the slowing in growth during the first quarter as likely to be transitory" but ...

Good to go

BENJAMIN ONG  |  MONDAY, 29 MAY 2017
... 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 ...

The twenty-first night of September

BENJAMIN ONG  |  MONDAY, 12 SEP 2016
... Rosengren spoke from 24%, according to Reuters). Madam Janet would not want that. No siree, not after each and every FOMC statement in recent times stressed that the Fed would adjust rates depending on the economic data and "readings on financial and ...

Yellen speaks Fedspeak

BENJAMIN ONG  |  MONDAY, 29 AUG 2016
... of course! This, to me, is no different from that forward guidance which appears to have been stamped on every FOMC statement in recent years. "In determining the timing and size of future adjustments to the target range for the federal funds rate, the ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 16 JUN 2016
... of improvement in the labor market has slowed... although the unemployment rate has declined". According to the FOMC statement, the slowdown in the labour market came just as "growth in economic activity appears to have picked up". Household spending ...