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Showing 41 - 50 of 427 results for "FOMC"

Chief economist update: Three cheers for Christmas

BENJAMIN ONG  |  MONDAY, 16 DEC 2019
... through 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 ...

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
... central bank 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 ...

Chief economist update: Good news is good news

BENJAMIN ONG  |  MONDAY, 4 NOV 2019
... the US Federal Reserve cut interest rates down another 25 basis points to 1.5%-1.75% on October 30 (the third in as many FOMC meetings - July and September). And China appears to be getting back up too. The Caixin China manufacturing PMI rose from 51.4 ...

Chief economist update: Fed pause could be a short one

BENJAMIN ONG  |  FRIDAY, 1 NOV 2019
... Federal Reserve chair Jerome Powell wouldn't be too happy with this new development. In his press conference - after the FOMC cut the fed funds rate a third time in as many meetings to 1.5%-1.75% -- Powell shared his optimism over the outlook for ...

Chief economist update: It's the money, stupid

BENJAMIN ONG  |  TUESDAY, 29 OCT 2019
... underpinned by 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 ...

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

BENJAMIN ONG  |  MONDAY, 28 OCT 2019
... since 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 ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  FRIDAY, 4 OCT 2019
... FedWatch 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 ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
... cuts in 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 ...

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

BENJAMIN ONG  |  MONDAY, 23 SEP 2019
... spite of 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 ...