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Showing 1 - 10 of 10 results for "October FOMC"

Chief economist update: It's the money, stupid

BENJAMIN ONG  |  TUESDAY, 29 OCT 2019
... underpinned by bullish headlines that include: positive US-China trade talks; near-certainty of another Fed rate cut at its October FOMC meeting and the latest reporting season showing company earnings coming in better than expected. "Roughly 80% have ...

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 ...

Fed does the expected, will do as expected

BENJAMIN ONG  |  THURSDAY, 2 NOV 2017
... evolving perhaps even better than Fed expectations. Yes, even better. It's all there in the opening sentence of the October FOMC statement: "Information received since the Federal Open Market Committee met in September indicates that the labor market ...

Lift then back to zero (even negative)?

BENJAMIN ONG  |  TUESDAY, 15 DEC 2015
... global - that the US economy is facing. But have no fear, future rate rises will be shallow or in the words of the October FOMC statement, "The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels ...

Road of no return

BENJAMIN ONG  |  WEDNESDAY, 25 NOV 2015
... perceived importance of the beginning of the policy normalization process." This one sentence in the minutes of the October FOMC alone captures the message that Fed chiefs have lately been spreading on their speaking tours - it's not the timing of the ...

No December lift off? Small chance

BENJAMIN ONG  |  THURSDAY, 19 NOV 2015
... off here we come! Although there weren't anything we already did not know, last night's release of the Fed's 27-28 October FOMC meeting minutes reminded you, I and Irene that December is still live. Although the statements were rather qualified, you ...

Six point five is PM Li's new like

BENJAMIN ONG  |  FRIDAY, 30 OCT 2015
... surely would." - 'El Condor Pasa' by Simon & Garfunkel After all the dissecting, de-constructing and probing of the October FOMC statement for missing/added words, phrases and sentences, financial markets came up with raised odds for a December lift-off ...

Minute slip on Wall Street

BENJAMIN ONG  |  THURSDAY, 20 NOV 2014
... medium term might be slower than currently expected." These were the key phrases in the minutes of the Fed's 28-29 October FOMC meeting that, according to headlines, dominated financial market activity last night. Eureka! Rationale for the Dow's 0.01% ...

Trick or treat?

BENJAMIN ONG  |  FRIDAY, 1 NOV 2013
... finance -- and then treat us with a taper not as it did in September? By now you've probably have fully digested the October FOMC statement and found that it was largely unchanged from the September FOMC statement...if not, a tad weaker. But the headlines ...
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