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Showing 1 - 10 of 14 results for "December 2012 FOMC meeting"

Economist calls for 35bps rate cut

ELIZA BAVIN  |  MONDAY, 17 FEB 2025
... backfired. "[US Fed chair Jerome] Powell has only seen credibility continue to erode, facing dissent at the December FOMC meeting," Solomon said. "Next steps are incumbent on global events - and Australia is lucky to be outside the crosshairs of impactful ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
The Fed's final act for the pandemic year 2020 was inaction. At the conclusion of its December FOMC meeting, the US Federal Reserve said: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects it ...

Chief economist update: Wall Street sneezes

BENJAMIN ONG  |  THURSDAY, 27 FEB 2020
... market by delivering another 25 bps hike in the fed funds rate to 2.25%-2.50% at the conclusion of its 18-19 December FOMC meeting. Some would claim that the deleterious impact of the coronavirus on the globe is worse than at the height of the tariff ...

Chief economist update: Has the Fed conquered the yield curve?

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
Mission accomplished! This appears to be the Fed's latest missive at the conclusion of its 10-11 December FOMC meeting - after three 25 bps cuts - in July, September and October - that took the fed funds rate from 2.5% to 1.75%. Fed chair Jerome ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... this year. Two more if you ask Bank of America Merrill Lynch which expects 25 bps cuts at the October and December FOMC meeting. At the end of the day and to quote Jerome: "If the economy does turn down, then a more extensive sequence of rate cuts could ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
... 2019 is over. The CME FedWatch Tool puts the probability the Fed funds rate would remain at 2.25%-2.5% by December FOMC meeting at 47.8% and a 38.4% chance it would be reduced to 2.0%-2.25% by then. The more important point is that, the probability of ...

Fed steady with a slight chance of a rate cut

BENJAMIN ONG  |  THURSDAY, 10 JAN 2019
... put their imprimatur in black and white. Yes, Virginia. We got it! It's there in the minutes of the 18-19 December FOMC meeting. First things first. The minutes explained the rationale behind the Fed's 25 basis point lift - that took the fed funds rate ...

Chief economist update: Fed fail

BENJAMIN ONG  |  THURSDAY, 20 DEC 2018
... 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 not delivering ...

Chief economist update: The clown in the White House

BENJAMIN ONG  |  TUESDAY, 18 DEC 2018
... 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 and doubts over ...

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

BENJAMIN ONG  |  FRIDAY, 12 OCT 2018
... 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. Not doing so ...
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