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Showing 61 - 70 of 420 results for "FOMC"

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 ...

Chief economist update: Where sentiment goes, there too is spending

BENJAMIN ONG  |  MONDAY, 18 FEB 2019
... website, the probability of the fed funds target rate remaining at the current rate of 2.25%-2.5% by the 11 December 2019 FOMC meeting is now at 83.2% (up from 69.5% a month earlier) while the likelihood of a rate hike has fallen to 3.3% from 20.3% over ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  THURSDAY, 31 JAN 2019
... this year - fed funds rate at 2.25%-2.5% - at 80.2% (up from 72% a day before the conclusion of the Fed's 29-30 January FOMC meeting and 71.4% a week ago.) In addition, the likelihood of a rate cut by the end of the year has increased to 12.3% from ...

Fed's pause becomes the ECB's problem

BENJAMIN ONG  |  FRIDAY, 11 JAN 2019
... 2.25%-2.50% level by 11 December 2019 meeting at 70.2% -- up from 41.7% a month earlier (prior to the Fed's 18-19 December 2018 FOMC meeting). What's more, the likelihood of a rate cut at its 19 January meeting (based on fed funds futures trading) has ...

Fed steady with a slight chance of a rate cut

BENJAMIN ONG  |  THURSDAY, 10 JAN 2019
... lines at his first outing for 2018. Still, it's more comforting to have all the members of the Federal Open Market Committee (FOMC) put their imprimatur in black and white. Yes, Virginia. We got it! It's there in the minutes of the 18-19 December FOMC ...

Chief economist update: Fed fail

BENJAMIN ONG  |  THURSDAY, 20 DEC 2018
... the US Federal Reserve raised the fed funds rate by 25 basis points to 2.25%-2.5% at the conclusion of its 18-19 December FOMC meeting. This is due to its optimism over the US labour market and overall economic activity. That's fine and dandy, for ...

Chief economist update: The clown in the White House

BENJAMIN ONG  |  TUESDAY, 18 DEC 2018
... probability of the fed funds rate (currently at 2%-2.25%) rising by 25 bps to 2.25-2.5% at the conclusion of its 18-19 December FOMC meeting at 73.2%. Not only that, it would raise questions about the Fed's optimism over the outlook for US economy ...

Chief economist update: Powell Power

BENJAMIN ONG  |  THURSDAY, 29 NOV 2018
... of estimates of the level that would be neutral for the economy - that is, neither speeding up nor slowing down growth. My FOMC colleagues and I, as well as many private-sector economists, are forecasting continued solid growth, low unemployment, and ...