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Showing 1 - 10 of 92 results for %22FOMC Minutes%22

Economic recap: Week to October 15

BENJAMIN ONG  |  MONDAY, 18 OCT 2021
... calendars beginning in either mid-November or mid-December." The minutes of the US Federal Reserve's 21-22 September FOMC meeting couldn't be any clearer. It is, perhaps, because of this clarity that, instead of having a tantrum, US equities ...

Economic recap: Week to September 24

BENJAMIN ONG  |  MONDAY, 27 SEP 2021
... they got the first whiff of "taper" in the air. This started when the minutes of the US Federal Reserve's April 27-28 FOMC meeting revealed that: "A number of participants suggested that if the economy continued to make rapid progress toward the ...

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
... rate of 2.1% in 2018 to 1.5% in 2019 before clocking 1.3% in the year to December 2020. Then again, the minutes show the FOMC acknowledging rising inflation: "In the relatively near term, a number of participants suggested that there could be increases ...

Chief economist update: RBA negative on negative interest rate policy

BENJAMIN ONG  |  WEDNESDAY, 23 SEP 2020
... pandemic on their respective economies. Fed chair Jerome Powell's last words on negative interest rate policy were that the FOMC was negative on it. Powell told a video conference hosted by the Peterson Institute for International Economics last ...

Chief economist update: Worse news is better news

BENJAMIN ONG  |  THURSDAY, 20 AUG 2020
... And there we have it folks, the return of bad news is good news... or in this case, worse news is better news. The FOMC minutes say it all: "In their consideration of monetary policy at this meeting, participants reaffirmed their commitment to using ...

Fed buys up BlackRock ETFs

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... debt-buying programs, but said it will not charge management fees on the ETFs it buys on behalf of the central bank. In the FOMC Minutes, the Fed said corporate bonds had been performing well since it announced its purchase plans. "Corporate bond spreads ...

Chief economist update: Jerome is in the Hole

BENJAMIN ONG  |  FRIDAY, 23 AUG 2019
... financial markets that are expecting another 25 bps cut that will take the fed funds rate down to 1.75%-2.0% at the September FOMC meeting - 93.5% probability according to CME Group's "FedWatch Tool". Two, Jerome will not acquiesce to Trump's ...

Chief economist update: Glass half-full or US recession on the way?

BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
... easing) inflation. For all intents and purposes, the Fed's "policy of patience" - reinforced in the minutes of its May FOMC meeting - can be considered the correct approach. Everything comes to him who waits. The data-dependent Fed could afford to ...

Chief economist update: A good problem to have?

BENJAMIN ONG  |  TUESDAY, 30 APR 2019
... year to March (an improvement from the 1.3% rate in February but nonetheless, still below its 2% inflation target). When the FOMC meets on April 30 - May 1, it'll surely be pondering over these indicators, scratching their heads before assessing ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 24 APR 2019
... pause was 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 ...
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