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Showing 21 - 30 of 193 results for "FOMC meeting"

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

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
... Fed's door. As expected, the US central bank kept monetary policy settings unchanged 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. ...

Chief economist update: Three cheers for Christmas

BENJAMIN ONG  |  MONDAY, 16 DEC 2019
... last week's news of good tidings... and they came in threes. First stop, at the conclusion of its December 10-11 FOMC meeting, the US Federal Reserve indicated that it would not cut interest rates further - currently at 1.5%-1.75% -- because, according ...

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

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
Mission accomplished! This appears to be the Fed's latest missive at the conclusion of its 10-11 December FOMC meeting - after three 25 bps cuts - in July, September and October - that took the fed funds rate from 2.5% to 1.75%. Fed chair Jerome ...

Chief economist update: US consumer power

BENJAMIN ONG  |  MONDAY, 25 NOV 2019
... maintaining the fed funds rate at the 1.50%-1.75% are all higher than a rate cut starting from its December 2019 FOMC meeting right through its next six meetings in 2020 (September 2020). The likelihood of a rate cut then surpasses the "on hold" probability ...

Chief economist update: Good news is good news

BENJAMIN ONG  |  MONDAY, 4 NOV 2019
It's beginning to look a lot like Christmas has come early... and Thanksgiving too. Wall Street benchmark equity indices rallied at the close of trading last week: The S&P 500 added 1.0% to a new all-time high; the Nasdaq closed 1.1% up but not ...

Chief economist update: It's the money, stupid

BENJAMIN ONG  |  TUESDAY, 29 OCT 2019
... bullish headlines that include: positive US-China trade talks; near-certainty of another Fed rate cut at its October FOMC meeting and the latest reporting season showing company earnings coming in better than expected. "Roughly 80% have beat consensus ...

Chief economist update: Is the A$ becoming a safe-haven currency?

BENJAMIN ONG  |  MONDAY, 28 OCT 2019
... the RBA's October 1 rate cut as speculations that the Fed will reduce interest rates again at its October 29-30 FOMC meeting strengthened (with 93% probability) as against expectations that the RBA would remain on hold at its next board meeting on ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  FRIDAY, 4 OCT 2019
... Tool put the probability that the Fed funds rate would fall from the current 1.75%-2% to 1.5%-1.75% at the October FOMC meeting at 88.2% (from 77% a day earlier and 49.2% a week ago). And then another cut in December to 1.25%-1.5%, with the odds lifting ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
... July and September weren't enough and expectations that it would cut by another 25 basis points at its October FOMC meeting (with 77% probability). This is consistent with the Federal Reserve Bank of New York's calculus of the probability of ...

Chief economist update: The BOJ needs to run faster to stay in the running

BENJAMIN ONG  |  MONDAY, 23 SEP 2019
... recent developments: The US Federal Reserve has just cut interest rates a second time just at its 17-18 September FOMC meeting just hours before and the European Central Bank (ECB) - when they met on the 12th of the same month - lowered the deposit rate ...