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Showing 71 - 80 of 422 results for "FOMC"

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. ...

Chief economist update: That other Fed policy towards normalcy

BENJAMIN ONG  |  THURSDAY, 4 OCT 2018
... inflation. Ergo, the Fed would need to be more aggressive in raising the fed funds rate. At the conclusion of its September FOMC meeting, the Fed's dot plots indicated another three more interest rate hikes in 2019, on top of another one in December ...

Three down one to go, then another three in 2019

BENJAMIN ONG  |  THURSDAY, 27 SEP 2018
... expected, the US Federal Reserve lifted the fed funds rate target range by 25 basis points to 2.0%-2.25% following its two-day FOMC meeting on the 25th and 26th of September. US equities rallied immediately after the Fed's announcement. The S&P 500 ...

Chief economist update: Surplus here we come

BENJAMIN ONG  |  WEDNESDAY, 26 SEP 2018
... Reserve is poised to announce another 25 basis point taking the fed funds rate to 2%-2.25% when it concludes its September FOMC meeting later today. That wouldn't be a surprise. Another 25 basis point hike in December also wouldn't be a surprise. ...

Chief economist update: Trump's beggar thy neighbour policy

BENJAMIN ONG  |  MONDAY, 10 SEP 2018
... This points to rising wage inflation and all but confirms the third of the four Fed rate hikes expected for 2018 when the FOMC concludes its 25-26 September meeting. Trump wouldn't be "thrilled". Just as he was upset by the latest stats on America's ...

Chief economist update: What goes around is starting to get around

BENJAMIN ONG  |  THURSDAY, 19 JUL 2018
... Federal Reserve Bank's in each of 12 Federal Districts and is published approximately two weeks before the Fed's FOMC meeting. After an improved economic growth assessment in the May report, the June Beige Book reports that economic activity ...