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Showing 21 - 30 of 427 results for "FOMC"

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 ...

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: RBA negative on negative interest rate policy

BENJAMIN ONG  |  WEDNESDAY, 23 SEP 2020
... pandemic on their respective economies. Fed chair Jerome Powell's last words on negative interest rate policy were that the FOMC was negative on it. Powell told a video conference hosted by the Peterson Institute for International Economics last ...

Chief economist update: Zero beyond 2023

BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
... announced 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 ...

Chief economist update: Worse news is better news

BENJAMIN ONG  |  THURSDAY, 20 AUG 2020
... infections (5.7 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 ...

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

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... experiencing 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 ...