Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 427 results for "FOMC"

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... market 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 ...

Chief economist update: Fed future move depends on dollar direction

BENJAMIN ONG  |  MONDAY, 16 SEP 2019
... world over 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 ...

Chief economist update: Jerome is in the Hole

BENJAMIN ONG  |  FRIDAY, 23 AUG 2019
... financial 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 ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... over the 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 ...

Chief economist update: Fed cut and Trump's war

BENJAMIN ONG  |  MONDAY, 5 AUG 2019
... markets 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% ...

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
... also eased 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 ...

Chief economist update: BOE flips tightening bias to easing

BENJAMIN ONG  |  MONDAY, 8 JUL 2019
... puts the 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 ...

Chief economist update: Fed plans for Trump contingency

BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
The Fed's decision to maintain current policy settings at the conclusion of last night's FOMC meeting doesn't make for much except for self-congratulations and back-patting. What matters more is the forward guidance implicit in the FOMC ...

Chief economist update: Cash is King

BENJAMIN ONG  |  WEDNESDAY, 19 JUN 2019
Maybe not at this month's Federal Open Market Committee (FOMC) meeting but consensus expect the US Federal Reserve to serve Christmas in July with a 25 basis point reduction in the fed funds rate from 2.25%-2.5% to 2%-2.25%. The CME FedWatch Tool ...