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Showing 1 - 10 of 33 results for %22Federal Reserve Bank of St. Louis%22

Chief economist update: Be afraid of inflation expectations

BENJAMIN ONG  |  FRIDAY, 14 MAY 2021
US Federal Reserve Bank of St. Louis president James Bullard's recent virtual presentation provided a timely venue for the Fed to push back on inflation fears that drove equity markets down a day before. The Federal Reserve Bank of St. Louis' ...

Chief economist update: Powell said, Yellen said

BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2021
... 2020 COVID-19 relief law - singing a rendition of Louis Armstrong's What a Wonderful World. In his testimony, Federal Reserve chair Jerome Powell declared that: "Today the situation is much improved. While the economic fallout has been real and widespread ...

Chief economist update: Iron ore to reduce Aussie deficit

BENJAMIN ONG  |  TUESDAY, 24 NOV 2020
... the way it's going for this land down under, it wouldn't be a surprise to find Prime Minister Scott Morrison, Federal Treasurer Josh Frydenberg and Reserve Bank of Australia chief Philip Lowe - also known as Team Australia - crooning this tune ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
... from Factset: In as much as initial jobless claims provide a leading indicator of the unemployment rate, Federal Reserve Bank of St. Louis President James Bullard's prediction that the US unemployment rate could hit 30% in the second quarter appears ...

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... Louis Fed president James Bullard podcast in his interview with Karen Mracek - media relations coordinator at Federal Reserve Bank of St. Louis - overnight (on August 14). Perhaps I'm turning into a Dr. Doom but, if the current global economic dynamics ...

Chief economist update: Fed plans for Trump contingency

BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
... participants projecting two rate reductions and one official calling for a single rate reduction this year. Heck, Federal Reserve Bank of St. Louis James Bullard even voted for an outright 25 bps rate reduction at June meeting. Not surprisingly, investors ...

Chief economist update: The rate cut Australia has to have

BENJAMIN ONG  |  TUESDAY, 4 JUN 2019
... have also come down. They have already been receding in over the past few weeks but president of the St. Louis Federal Reserve Jim Bullard's recent speech before the Union League Club of Chicago stated: "A downward policy rate adjustment may be warranted ...

America is full

BENJAMIN ONG  |  MONDAY, 11 DEC 2017
... inflation. Oxford Economics estimate the US NAIRU at 4.3%, the OECD has it at 4.9% and closer the home, the Federal Reserve Bank of St. Louis places both the short- and long-term natural rate of unemployment at 4.74% in the fourth quarter of this year. ...

C is the key

BENJAMIN ONG  |  WEDNESDAY, 22 NOV 2017
It's 21 days before the US Federal Reserve proclaims to the world that the fed funds rate is 25 basis points higher to 1.5%. Gauging from the CME FedWatch Tool, this is 91.5% certain. I don't think anybody can quibble with this. But one striking point ...

Drown baby, drown

BENJAMIN ONG  |  MONDAY, 18 JAN 2016
... inflation lower, all else equal, making it more difficult for the Fed to return inflation to target". So did New York Federal Reserve President William Dudley: "With respect to the risks to the inflation outlook, the most concerning is the possibility ...
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