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Search ResultsShowing 1 - 10 of 100+ results for "FOMC"
Chief economist update: RBA negative on negative interest rate policy
BENJAMIN ONG  |  WEDNESDAY, 23 SEP 2020
... pandemic on their respective economies. Fed chair Jerome Powell's last words on negative interest rate policy were that the FOMC was negative on it. Powell told a video conference hosted by the Peterson Institute for International Economics last ...
Chief economist update: Zero beyond 2023
BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
... announced at the August 27 Jackson Hole Symposium is now live. The Fed kept policy settings unchanged at its 15-16 September FOMC meeting - the first since "the Hole" - and promised "to keep the target range for the federal funds rate at 0 to 1/4 percent ...
Chief economist update: Worse news is better news
BENJAMIN ONG  |  THURSDAY, 20 AUG 2020
... infections (5.7 million) in the world and the most deaths (176.3K). This is not lost on the Fed. The minutes of their 28-29 July FOMC meeting revealed its downgrade to earlier growth predictions. "The projected rate of recovery in real GDP, and the pace ...
Chief economist update: A tiny bug takes down the largest economy
BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... experiencing rising infections. A fact not lost on US Fed chair Jerome Powell. At a press conference following the 28-29 July FOMC meeting, Powell declared: "We have seen some signs in recent weeks that the increase in virus cases and the renewed measures ...
Chief economist update: The power of money (and a cure)
BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
... services pointed the finger on the Fed's gloomy outlook for the US economy (declared at the conclusion of its 9-10 June FOMC meeting) and the increasing likelihood of a second wave in America. I defended the Fed back then . Don't blame the Fed... ...
Chief economist update: The second wave
BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
... services point the finger on the Fed's gloomy outlook for the US economy (declared at the conclusion of its 9-10 June FOMC meeting) and the increasing likelihood of a second wave in America. Don't blame the Fed... Sure, the Fed has painted a ...
US GDP to contract 6.5%: Fed
ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
... and the December quarter 2018 is that then the Fed was on a tightening tack." Miller said the Fed's statement suggests the FOMC is not only of a mind to keep rates lower but use other tools such as QE and yield curve control to potentially run the economy ...
Chief economist update: Don't fight the Fed
BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
... to 2022. As expected, the US Federal Reserve left the fed funds rate target at 0-0.25% at the conclusion of its 9-10 June FOMC meeting, repeated their commitment "to using its full range of tools to support the U.S. economy ... until it is confident ...
Fed buys up BlackRock ETFs
ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... debt-buying programs, but said it will not charge management fees on the ETFs it buys on behalf of the central bank. In the FOMC Minutes, the Fed said corporate bonds had been performing well since it announced its purchase plans. "Corporate bond spreads ...
Chief economist update: No escaping the inverted yield curve
BENJAMIN ONG  |  MONDAY, 4 MAY 2020
... yield curve positive around October of that year and continued to steepen. So much so that by the Fed's December 2019 FOMC meeting, Chairman Jerome Powell was waxing optimistic, "Our economic outlook remains a favourable one despite global developments ...
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