Search ResultsShowing 1 - 10 of 100+ results for "FOMC"
Chief economist update: Bad news is good news is back
BENJAMIN ONG  |  FRIDAY, 4 OCT 2019
... FedWatch Tool put the probability that the Fed funds rate would fall from the current 1.75%-2% to 1.5%-1.75% at the October FOMC meeting at 88.2% (from 77% a day earlier and 49.2% a week ago). And then another cut in December to 1.25%-1.5%, with the ...
Chief economist update: US recession on the cards
BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
... cuts in July and September weren't enough and expectations that it would cut by another 25 basis points at its October FOMC meeting (with 77% probability). This is consistent with the Federal Reserve Bank of New York's calculus of the probability ...
Chief economist update: The BOJ needs to run faster to stay in the running
BENJAMIN ONG  |  MONDAY, 23 SEP 2019
... spite of recent developments: The US Federal Reserve has just cut interest rates a second time just at its 17-18 September FOMC meeting just hours before and the European Central Bank (ECB) - when they met on the 12th of the same month - lowered the ...
Chief economist update: Future path of fed funds rate
BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... market expectations by cutting the fed funds rate another 25 basis points to 1.75%-2% at the conclusion of the September FOMC meeting. There was little movement in the US financial markets for as Financial Standard declared just three days ago: "Every ...
Chief economist update: Fed future move depends on dollar direction
BENJAMIN ONG  |  MONDAY, 16 SEP 2019
... world over would be in a sort of suspended animation as they await the conclusion of the US Federal Reserve's September FOMC meeting. This time, there's no "will they, won't they" question to be answered in regards to another cut (after July's ...
Chief economist update: Jerome is in the Hole
BENJAMIN ONG  |  FRIDAY, 23 AUG 2019
... financial markets that are expecting another 25 bps cut that will take the fed funds rate down to 1.75%-2.0% at the September FOMC meeting - 93.5% probability according to CME Group's "FedWatch Tool". Two, Jerome will not acquiesce to Trump's ...
Chief economist update: Bonds do the limbo rock
BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... over the Fed's non-commitment over further rate cuts - after it cut the fed funds rate by 25 bps to 2.25% at its July FOMC meeting - compounded by Trump's escalation trade tensions with Beijing and the depreciation of the Chinese yuan, raised ...
Chief economist update: Fed cut and Trump's war
BENJAMIN ONG  |  MONDAY, 5 AUG 2019
... markets exactly what they were expecting - a 25 basis point reduction in the Fed funds rate at the conclusion of its July FOMC meeting - but instead of revving up the risk on trade, it was risk off. Equity markets fell. The S&P 500 index fell by 1.1% ...
Chief economist update: Don't buy a Big Mac in America
BENJAMIN ONG  |  FRIDAY, 12 JUL 2019
... intervention were offset by changed market expectations that the Fed would cut the Fed funds rate by only 25 bps at its July FOMC meeting rather than 50 bps (prompted by the sharply stronger than expected US non-farm payrolls report for June) sent the ...
Chief economist update: Australia needs a cheaper A$
BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
... also eased growing expectations the Fed would cut interest rates by 50 bps from the current 2.25%-2.5% as early as its July FOMC meeting to just a 25bps reduction. The Reserve Bank of Australia (RBA) would have clicked "like" though. This is because ...
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