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Showing 11 - 20 of 159 results for "Federal Funds Rate"

Chief economist update: Don't fight the Fed

BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
... participants' assessments of appropriate monetary policy: Midpoint of target range or target level for the federal funds rate" chart shows that all 17 of them expect the fed funds rate to remain at 0-0.25% this year and in 2021 and 15 "participants" ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
... at the conclusion of its January FOMC meeting. "The Committee decided to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent," it said. And that should be enough for the duration of 2020. "The Committee judges that the current ...

Chief economist update: Has the Fed conquered the yield curve?

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
... announced its decision. As per Westpac's report: "Our opposing view for 2020 is instead that three further federal funds rate cuts will be seen, taking the benchmark down to 0.875%. This forecast rests on two core beliefs: (1) while a 'phase ...

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
... helped to support economic recovery, particularly at a time when the traditional tool of monetary policy-the federal funds rate-had already been lowered to its effective lower bound. "The purchases of Treasury bills announced on October 11 should have ...

Chief economist update: Jerome is in the Hole

BENJAMIN ONG  |  FRIDAY, 23 AUG 2019
... 2.0%-2.25%. "A couple of participants indicated that they would have preferred a 50 basis point cut in the federal funds rate at this meeting rather than a 25 basis point reduction. They favored a stronger action to better address the stubbornly low ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
... and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2%," the Fed said. "The Committee continues to view sustained expansion of economic activity, strong labor market ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 24 APR 2019
... also contained a caveat: "Several participants noted that their views of the appropriate target range for the federal funds rate could shift in either direction based on incoming data and other developments." "Some participants indicated that if the ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  THURSDAY, 31 JAN 2019
... This isn't so surprising. The Fed's first FOMC meeting this year tuned out as expected - it kept the federal funds rate unchanged at 2.25%-2.5% as expected. It's the dovish tone in the Fed's statement that brought good tidings to me and ...

Fed steady with a slight chance of a rate cut

BENJAMIN ONG  |  THURSDAY, 10 JAN 2019
... economy was evolving about as anticipated"....and that, the "increase in the target range at this meeting, the federal funds rate would be at or close to the lower end of the range of estimates of the longer-run neutral interest rate". All well and good ...

Chief economist update: Does the Fed lift or cut interest rates just for the heck of it?

BENJAMIN ONG  |  THURSDAY, 13 DEC 2018
... They've said so themselves: "In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realised and expected economic conditions relative to its maximum employment objective ...