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Search ResultsShowing 1 - 10 of 100+ results for "US Federal Reserve"
Chief economist update: Patience is the word
BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
... even with a brisk pace of improvement in the labor market, achieving this goal would take some time," said the US Federal Reserve in it's most recent minutes. While the US unemployment rate has fallen from the record high 14.8% recorded in April ...
Chief economist update: Overvaluation tests FOMO and TINA trades
BENJAMIN ONG  |  MONDAY, 1 FEB 2021
... fundamentals are good. The US economy is advancing and rising from the recession borne of the COVID-19 pandemic. The US Federal Reserve and now the Biden administration's, actions and pledges to underwrite continued strengthening in consumer and ...
Chief economist update: Taper talks are premature
BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
A new year, a new administration but its same old, same old for the US Federal Reserve. As expected and in a unanimous decision, the Fed confirmed: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects ...
Chief economist update: Virus now, inflation later
BENJAMIN ONG  |  MONDAY, 25 JAN 2021
... the path forward," Biden said. But there was also something happening with regards to monetary policy. The US Federal Reserve was itself busily trying to "lower the temperature" in the bond markets that saw the yield on 10-year US Treasuries more than ...
Chief economist update: USA Inc is under new management
BENJAMIN ONG  |  THURSDAY, 21 JAN 2021
... sustainable outlook for the US economy. The Biden administration has proposed a US$1.9 trillion COVID-19 relief plan. US Federal Reserve chair Jerome Powell assured markets that the central bank would not raise interest rates soon unless it foresees ...
Key finance figures in Biden Cabinet
ELIZA BAVIN  |  TUESDAY, 19 JAN 2021
... the economics world is Janet Yellen, whom Biden has nominated to lead the US Treasury. Yellen is the former US Federal Reserve governor. She was also the chair of the White House Council of Economic Advisers during the Clinton administration. Yellen ...
Chief economist update: Fed acts with inaction
BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
... Fed's final act for the pandemic year 2020 was inaction. At the conclusion of its December FOMC meeting, the US Federal Reserve said: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects it will ...
Chief economist update: Vaccine optimism sparks AUD resurgence
BENJAMIN ONG  |  WEDNESDAY, 18 NOV 2020
... level that is. The Australian currency rose to around this level back in late-August/early-September after the US Federal Reserve announced a shift into a lower for longer strategy - suggesting that Australian interest rates would be at a premium over ...
Chief economist update: We're not there yet
BENJAMIN ONG  |  FRIDAY, 13 NOV 2020
... bankers at the annual ECB Forum on Central Banking 2020, held online on November 11-12. The head honchos of the US Federal Reserve, European Central Bank and the Bank of England's collective and cautionary missive comes amid a backdrop of recent ...
Chief economist update: More money for reimposed lockdown
BENJAMIN ONG  |  FRIDAY, 6 NOV 2020
"Money, money, money Always sunny..." - ABBA The US presidential election remains undecided. The US Federal Reserve met and decided to keep the status quo - the complete opposite of the happenings on the other side of the Atlantic where both fiscal ...
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