Throughout the long period of the Federal Reserve’s “lower and longer” period of highly accommodative rates and forward guidance in the run up to the rates lift-off in December 2015,

The market response in the wake of the Federal Open Market Committee’s July meeting statement was dovish, perhaps because there were corners of the market still hedging or expecting the

It is a rare July meeting that the Federal Open Market Committee would launch a major new policy initiative, and we doubt the statement this coming Wednesday afternoon will deviate from

The market response in the wake of the Federal Open Market Committee’s July meeting statement was dovish, perhaps because there were corners of the market still hedging or expecting the

Federal Reserve officials will have been hard pressed to find something positive in this morning’s CPI breakdown. The 1.7% annualized core CPI marks the fourth month in a row of

Whether the Minutes to the Federal Open Market Committee’s June meeting are taken as hawkish or dovish by the markets later this afternoon, they will likely mark the culmination of

Contrary to recent press reporting the White House is struggling to fill the community banker slot on the Federal Reserve Board of Governors, we understand that the nomination of Indiana

Even though the shock softness in inflation was hardly going to dramatically push the Federal Open Market Committee away from its policy normalization strategy today, it was still a bit

The Federal Open Market Committee’s likely June meeting policy announcements this Wednesday have been so thoroughly telegraphed that market expectations are well set. But beyond June, this week’s meeting may

We normally refrain from commenting in print on personnel changes at the Federal Reserve, but there have been so many questions and press commentary about the expected nomination by the

The June 13-14 Federal Open Market Committee meeting is just over a week away, and it looks likely to frame the near policy path on both rates and balance sheet

With ambitions to end its reinvestment policy before year-end, the Federal Reserve is now more clearly on a twin track policy normalization strategy of shrinking the balance sheet as well

With the most recent economic data sending somewhat mixed signals on the outlook, and with impeachment chatter in the rearview mirror as President Trump tours the Mideast, attention is turning

That was a handsome looking Non Farm Payrolls number. *** So we don’t bury the lede, our sense is that the healthy NFP breakdown will not only bolster the Federal

For all policy debates and decisions since the Federal Reserve resorted to unconventional policy measures more than eight long years ago, Chair Janet Yellen has in recent months managed to

The market looks to have taken this morning’s Non-Farm Payrolls in stride, and we certainly don’t expect it will be moving the Federal Reserve away from its current policy path

In the days since the Federal Open Market Committee’s rate hike last week, there has been no small measure of confusion if not consternation in the markets over the Committee’s

For all the times Federal Reserve Chair Janet Yellen was only too happy to get to the end of her quarterly post-meeting press conferences, at this one she seemed to

Federal Reserve Chair Janet Yellen and the Federal Open Market Committee did not let a little snow delay the start today to their two day meeting, which will conclude tomorrow

With a rate hike all but certain at next week’s Federal Open Market Committee meeting, the policy debate is already shifting to the likely messaging for the rate path beyond