Search ResultsShowing 1 - 10 of 11 results for "July FOMC"
Chief economist update: Jerome is in the Hole
BENJAMIN ONG  |  FRIDAY, 23 AUG 2019
... Jerome's task is not made any easier by the current internal division of views at the Fed, as the minutes of the 30-31 July FOMC reveal -- when it decided to cut the fed funds rate by 25 bps to 2.0%-2.25%. "A couple of participants indicated that ...
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 ...
Chief economist update: BOE flips tightening bias to easing
BENJAMIN ONG  |  MONDAY, 8 JUL 2019
... puts the probability that the US central bank will cut interest rates by 25 bps to 2%-2.25% at the conclusion of its July FOMC meeting at 95.1%. This is backed-up by the Fed's semi-annual Monetary Policy Report noting: "Since the beginning of May ...
Low-flation becoming less transitory?
BENJAMIN ONG  |  MONDAY, 14 AUG 2017
In its 26 July FOMC statement, the Fed noted: "Inflation on a 12-month basis is expected to remain somewhat below 2% in the near term but to stabilise around the Committee's 2% objective over the medium term. Near-term risks to the economic outlook ...
Low-flation to lower-flation?
BENJAMIN ONG  |  THURSDAY, 27 JUL 2017
... struggling with low inflation which it basically admitted to in its policy statement following the conclusion of its 26 July FOMC meeting: "On a 12-month basis, overall inflation and the measure excluding food and energy prices have declined and are ...
Read the data not the Fed's lips
BENJAMIN ONG  |  MONDAY, 22 AUG 2016
... this year" (Lockhart) and "it's possible" that this could be next month (Dudley) - and while you're at it forget the July FOMC minutes as well. They're old news! What's of greater remit is Janet's current thoughts on the current state of play - the indications ...
Central bank Olympics - the race is on
BENJAMIN ONG  |  MONDAY, 8 AUG 2016
... kept the ECB company on the bench. However, unlike the ECB's bias towards joining the race to the bottom, the 26-27 July FOMC meeting suggests that the Fed, instead, would soon be resuming its run ... the other way because the labour market has "strengthened" ...
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