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Showing 31 - 40 of 427 results for "FOMC"

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

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
... services 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... ...

Chief economist update: The second wave

BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
... services 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 ...

US GDP to contract 6.5%: Fed

ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
... and the December quarter 2018 is that then the Fed was on a tightening tack." Miller said the Fed's statement suggests the FOMC is not only of a mind to keep rates lower but use other tools such as QE and yield curve control to potentially run the economy ...

Chief economist update: Don't fight the Fed

BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
... to 2022. 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 ...

Fed buys up BlackRock ETFs

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... debt-buying programs, but said it will not charge management fees on the ETFs it buys on behalf of the central bank. In the FOMC Minutes, the Fed said corporate bonds had been performing well since it announced its purchase plans. "Corporate bond spreads ...

Chief economist update: No escaping the inverted yield curve

BENJAMIN ONG  |  MONDAY, 4 MAY 2020
... yield 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 ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... help address "highly unusual disruptions" in Treasury market amid coronavirus outbreak, ahead of its scheduled 17-18 March FOMC meeting, where it's expected to cut interest rates again. The Bank of Canada (BOC) cuts its benchmark interest rates by ...

Chief economist update: Wall Street sneezes

BENJAMIN ONG  |  THURSDAY, 27 FEB 2020
... bull market by delivering another 25 bps hike in the fed funds rate to 2.25%-2.50% at the conclusion of its 18-19 December FOMC meeting. Some would claim that the deleterious impact of the coronavirus on the globe is worse than at the height of the tariff ...

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. ...