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Showing 1 - 10 of 21 results for "March FOMC meeting"

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
... Fed's thoughts and actions, Powell and Co. did what financial markets expected - nothing - at their 16-17 March FOMC meeting. "The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent... will continue to increase ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... address "highly unusual disruptions" in Treasury market amid coronavirus outbreak, ahead of its scheduled 17-18 March FOMC meeting, where it's expected to cut interest rates again. The Bank of Canada (BOC) cuts its benchmark interest rates by 50 ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 24 APR 2019
... sufficient to lift the animal spirits among equity investors. It reaffirmed this in the minutes of its 19-20 March FOMC meeting. "With regard to the outlook for monetary policy beyond this meeting, a majority of participants expected that the evolution ...

Chief economist update: Japan yearns for a weaker yen

BENJAMIN ONG  |  THURSDAY, 11 APR 2019
... after peaking at 1% in October last year. The latest forward guidance from the Fed - the minutes of the 19-20 March FOMC meeting reaffirmed its commitment to leave interest rates on hold this year - and a similar one from the European Central Bank's ...

Chief economist update: Back to the shops

BENJAMIN ONG  |  TUESDAY, 17 APR 2018
... overall inflation in the economy. This gives credence to the Fed's thoughts revealed in the minutes of the 20-21 March FOMC meeting: "A number of participants indicated that the stronger outlook for economic activity, along with their increased confidence ...

Chief economist update: Inflation is heading Fed's way

BENJAMIN ONG  |  FRIDAY, 13 APR 2018
... Syria (now retreat) the other day, financial markets would have been dissecting the minutes of the Fed's 20-21 March FOMC meeting. There really was nothing significant except for a sentence alluding to a more aggressive path towards normalisation. "A ...

Chief economist update: Dot tales

BENJAMIN ONG  |  THURSDAY, 22 MAR 2018
... widely expected of it - it raised the fed funds rate target by 25 basis points to 1.5%-1.75% following its 20-21 March FOMC meeting. One sentence in the FOMC statement provides the underlying rationale for its move: "The economic outlook has strengthened ...

Chief economist update: The Fed's force is with us

BENJAMIN ONG  |  FRIDAY, 9 FEB 2018
... beggar-thy-neighbour polices and other non-conventional policy measures. If I'm forced to put a finger on it, the Fed's 20-21 March FOMC meeting will mark the turning point for Wall Street. The Fed could raise the fed funds rate another 25 basis points ...

Three steps and yields stumble

BENJAMIN ONG  |  MONDAY, 15 MAY 2017
... a 30 basis point stumble from this year's high of 2.63% recorded on 13 March (a day before the Fed's 14-15 March FOMC meeting that concluded with the announcement of the third rate hike in the current cycle). Apart from concerns about the implementation ...

Desperately seeking workers

BENJAMIN ONG  |  THURSDAY, 20 APR 2017
... begin relatively soon" and not later this year, as financial markets speculated when the minutes of the 14-15 March FOMC meeting was released. The Beige Book report showed that economic activity continued to expand across all the 12 Federal Reserve Districts ...
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