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Showing 31 - 40 of 195 results for "FOMC meeting"

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 ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... expectations by cutting the fed funds rate another 25 basis points to 1.75%-2% at the conclusion of the September FOMC meeting. There was little movement in the US financial markets for as Financial Standard declared just three days ago: "Every man and ...

Chief economist update: Fed future move depends on dollar direction

BENJAMIN ONG  |  MONDAY, 16 SEP 2019
... would be in a sort of suspended animation as they await the conclusion of the US Federal Reserve's September FOMC meeting. This time, there's no "will they, won't they" question to be answered in regards to another cut (after July's 25 ...

Chief economist update: Jerome is in the Hole

BENJAMIN ONG  |  FRIDAY, 23 AUG 2019
... markets that are expecting another 25 bps cut that will take the fed funds rate down to 1.75%-2.0% at the September FOMC meeting - 93.5% probability according to CME Group's "FedWatch Tool". Two, Jerome will not acquiesce to Trump's "demand" ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... Fed's non-commitment over further rate cuts - after it cut the fed funds rate by 25 bps to 2.25% at its July FOMC meeting - compounded by Trump's escalation trade tensions with Beijing and the depreciation of the Chinese yuan, raised market anxiety ...

Chief economist update: Fed cut and Trump's war

BENJAMIN ONG  |  MONDAY, 5 AUG 2019
... exactly what they were expecting - a 25 basis point reduction in the Fed funds rate at the conclusion of its July FOMC meeting - but instead of revving up the risk on trade, it was risk off. Equity markets fell. The S&P 500 index fell by 1.1% on the ...

Chief economist update: Don't buy a Big Mac in America

BENJAMIN ONG  |  FRIDAY, 12 JUL 2019
... intervention were offset by changed market expectations that the Fed would cut the Fed funds rate by only 25 bps at its July FOMC meeting rather than 50 bps (prompted by the sharply stronger than expected US non-farm payrolls report for June) sent the ...

Chief economist update: Australia needs a cheaper A$

BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
... growing expectations the Fed would cut interest rates by 50 bps from the current 2.25%-2.5% as early as its July FOMC meeting to just a 25bps reduction. The Reserve Bank of Australia (RBA) would have clicked "like" though. This is because rising Fed ...

Chief economist update: BOE flips tightening bias to easing

BENJAMIN ONG  |  MONDAY, 8 JUL 2019
... probability that the US central bank will cut interest rates by 25 bps to 2%-2.25% at the conclusion of its July FOMC meeting at 95.1%. This is backed-up by the Fed's semi-annual Monetary Policy Report noting: "Since the beginning of May, the tenor ...