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Showing 1 - 10 of 18 results for "June FOMC"

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... the down low, while yields on 10-year US Treasuries went on the up and up. This is because while the much-anticipated June FOMC meeting produced no change in the prevailing monetary policy setting - the fed funds rate at 0-0.25% and bond purchases at ...

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 ...

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 that ...

Chief economist update: Fed plans for Trump contingency

BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
... bps rate reduction at the September meeting has also increased to 63.5% (from 50.6% a day before the conclusion of the June FOMC meeting and a mere 8.6% a month ago). But what does the 'Taylor Rule' prescribe? For quick reference, here's ...

Chief economist update: Minutes of concerns

BENJAMIN ONG  |  FRIDAY, 6 JUL 2018
... Reserve's optimistic outlook for America's economic growth, unemployment and inflation and that, as per the 13 June FOMC statement, the risks to this outlook "appear roughly balanced." However, the minutes of the 12-13 June FOMC meeting indicates ...

Fed does the expected, will do as expected

BENJAMIN ONG  |  THURSDAY, 2 NOV 2017
... it would initiate its balance sheet normalisation program in October. It's also a straight copy and paste from the 14 June FOMC statement when it raised the fed funds rate a second time this year by 25 basis points to 1.0% - 1.25%. "The Committee expects ...

The Fed's inflation and asset price conundrum

BENJAMIN ONG  |  WEDNESDAY, 28 JUN 2017
... spoke before the British Academy 'President's Lecture' in London last night. Yellen reiterated the message from the 14 June FOMC statement - when the Fed lifted the fed funds rate by 25 bps to 1% - 1.25% - and her press briefing that inflation has "declined ...

Eurozone gaining momentum

BENJAMIN ONG  |  THURSDAY, 22 JUN 2017
The US Federal Reserve took another step towards policy normalisation at its June FOMC meeting - announcing another 25 basis point lift in the fed funds rate from one to 1.25% (the second this year) while at the same time giving notice that it would ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 16 JUN 2016
... indications that have prevented the Fed from moving towards further normalisation of monetary policy. Indications from the June FOMC meeting are that the Fed has turned more dovish. Recall that the Fed's forward guidance for four interest rate hikes ...
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