After a frenzied week of astounding market volatility and turmoil, and going into next week’s pivotal Federal Open Market Committee meeting, we would make three broad points to highlight our expectations for the
While we were frankly stunned by the Federal Open Market Committee’s consensus decision to cut the policy rate by 50 basis points this morning to a 1%-1.25% fed funds target
The markets this morning have been doing some of the heavy lift for the Federal Reserve, with equities attempting a bounce back from last week’s debris, almost certainly on the high likelihood of a rate cut by the Fed and reports
Against the backdrop of a continued freefall in equity markets this morning, we took the remarks from Little Rock by Federal Reserve Bank of St. Louis President James Bullard as
The stock markets dropping by nearly 7% in two days and safe haven buying flattening yields to record lows has brought a hyper focus to how and how soon will the Federal Reserve respond
If it seems members of the Federal Open Market Committee have been unusually disciplined in their policy messaging over recent weeks, there is a good reason: ** There is little
A few points before the Senate Banking Committee hearings get underway later this morning for President Trump’s two nominees to fill the remaining vacancies on the Federal Reserve Board of
The January meeting just concluded of the Federal Open Market Committee meeting looks to have gone as smoothly as could be hoped for, judging by the seemingly minor but important changes
With little need to debate the prospect for a rate move at their two-day meeting this week, the Federal Open Market Committee will instead delve into three broader but intertwined
A couple of things occurred to us by the end of today’s Federal Open Market Committee meeting and Fed Chairman Jerome Powell’s press conference: ** The first and most noteworthy
The most remarkable thing going into this week’s year-end meeting of the Federal Open Market Committee is how little is expected to come out of it. Indeed, after the last
The main takeaway we drew from the Federal Open Market Committee today was of a Committee majority who seem to be pretty pleased with the policy stance after this third rate cut
There has been quite a bit of market speculation in the last few days over whether the Federal Open Market Committee this Wednesday will signal a pause on further rate
Judging from the surprisingly disciplined messaging going into the pre-meeting blackout period by various Fed officials on a “meeting to meeting” approach, the October 29-30 meeting of the Federal Open
Despite some initial reporting on this morning’s Non-Farm Payrolls numbers as weak, we doubt anyone on the Federal Open Market Committee will see the print as anything other than right
The takeaways from the Non-Farm Payrolls due out Friday will go a long way towards determining whether the sharp, sudden southern turn in the data over the last few days
Despite the best efforts of a reporter at last week’s Federal Open Market Committee post-meeting press conference, Federal Reserve Chairman Jerome Powell deflected the question whether the Committee had an easing bias,
Two things leap out for us from this afternoon’s statement, Summary of Economic Projections, the rate dot plots, and Federal Reserve Chairman Jerome Powell’s opening remarks and responses to reporter
The severe liquidity squeeze in the Overnight General Collateral Repo markets in recent days is certainly going to have dominated yesterday’s briefing on market conditions by the New York Open Market Desk and
A 25 basis point rate cut is all but certain to be announced this coming Wednesday afternoon when the Federal Open Market Committee concludes its two-day September meeting. Now the