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Showing 61 - 70 of 427 results for "FOMC"

Chief economist update: The greatest challenge of our time

BENJAMIN ONG  |  THURSDAY, 30 MAY 2019
Inflation is dead! Bond markets celebrate! News headlines have picked up on the fall and fall in the yield offered by 10-year US Treasuries. The yield closed at 2.24% overnight, down from 2.26% the day before - the lowest since September 2017. But the ...

Chief economist update: Glass half-full or US recession on the way?

BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
... easing) inflation. For all intents and purposes, the Fed's "policy of patience" - reinforced in the minutes of its May FOMC meeting - can be considered the correct approach. Everything comes to him who waits. The data-dependent Fed could afford to ...

Chief economist update: A tariff for a tariff

BENJAMIN ONG  |  TUESDAY, 14 MAY 2019
... CME FedWatch Tool shows the probability that the fed funds rate would remain at 2.25%-2.50% at the Fed's December 2019 FOMC meeting has dropped to 26.1% from 45.8% a week ago (before the tariff flare-up). The odds for a 25 bps rate reduction increased ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
The US Federal Reserve just concluded its April 30 - May 1 FOMC meeting and decided it best to do nothing but reaffirm its policy of patience, as you, I and Irene expected. "Consistent with its statutory mandate, the Committee seeks to foster maximum ...

Chief economist update: A good problem to have?

BENJAMIN ONG  |  TUESDAY, 30 APR 2019
... year to March (an improvement from the 1.3% rate in February but nonetheless, still below its 2% inflation target). When the FOMC meets on April 30 - May 1, it'll surely be pondering over these indicators, scratching their heads before assessing ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 24 APR 2019
... pause was sufficient to lift the animal spirits among equity investors. It reaffirmed this in the minutes of its 19-20 March FOMC meeting. "With regard to the outlook for monetary policy beyond this meeting, a majority of participants expected that the ...

Chief economist update: Japan yearns for a weaker yen

BENJAMIN ONG  |  THURSDAY, 11 APR 2019
... January and after peaking at 1% in October last year. The latest forward guidance from the Fed - the minutes of the 19-20 March FOMC meeting reaffirmed its commitment to leave interest rates on hold this year - and a similar one from the European Central ...

Chief economist update: Two indicators giving the Fed a headache

BENJAMIN ONG  |  TUESDAY, 9 APR 2019
... else but go back to its statutory dual mandate - price stability and maximum employment. The St. Louis Fed explains: "The FOMC interprets an inflation rate of 2% as consistent with price stability. As such, the FOMC adopted an explicit inflation target ...

Chief economist update: Fed on ice

BENJAMIN ONG  |  THURSDAY, 21 MAR 2019
... greed on Wall Street, it's the US equity market's reaction to the Fed's decision following its 15-16 March 2019 FOMC meeting. The Fed gave the markets what they expected - it kept the Fed funds rate at 2.25%-2.5%, forward guided that this ...

Chief economist update: The Fed has hit neutral

BENJAMIN ONG  |  WEDNESDAY, 27 FEB 2019
... financial developments and assessing their implications for the outlook. In January, with inflation pressures muted, the FOMC determined that the cumulative effects of these developments, along with ongoing government policy uncertainty, warranted taking ...