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Showing 71 - 80 of 427 results for "FOMC"

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 ...

Chief economist update: Americans who want work will find it

BENJAMIN ONG  |  MONDAY, 5 NOV 2018
Financial markets expect the US Federal Reserve's FOMC meeting this week (7-8 November) to be a ho-hum event. In fact, the CME FedWatch Tool puts the probability of the Fed keeping the fed funds rate at 2-2.25% at 92.8% - almost a sure "no change" ...

Chief economist update: Bull markets don't die of old age

BENJAMIN ONG  |  THURSDAY, 18 OCT 2018
Sticks and stones may break my bones, but Trump's continued criticisms wouldn't hurt me! US President Donald Trump has blamed the Fed for sparking the recent sell-off on Wall Street as well as threatening to undo the "good" for the economy that ...

Chief economist update: It wasn't me, it's the Fed

BENJAMIN ONG  |  FRIDAY, 12 OCT 2018
... September's slowing picture), expectations that the Fed will raise interest rates by another 25 basis points at its December FOMC meeting would weaken. However, because markets have already priced in a December rate hike, the Fed could still proceed. ...