There has been no small amount of analysis in recent days over possible hawkish tweaks to the wording of the Federal Open Market Committee’s January meeting statement, due to be released tomorrow afternoon.
The White House nomination of the next Vice Chairman of the Federal Reserve Board of Governors has narrowed down to a two-man race between Federal Reserve Bank of San Francisco President John
With the market’s attention increasingly turning to next year, one nagging question seems to linger over the Federal Open Market Committee’s Summary of Economic Projections last week that left a
The Federal Open Market Committee’s year-end meeting next week is one of those where all the market focus will not be on the policy actions announced on Wednesday, but almost exclusively
The statement issued by the Federal Open Market Committee at the end of their two day meeting this afternoon was as anti-climatic as could be expected in its steady as it goes descriptive phrasing and tone.
Federal Reserve Chair Janet Yellen’s relatively brief 30-minute meeting yesterday with President Trump marked the last of the President’s Apprentice-style parade of the final five candidates (we almost said contestants) to head the Federal Reserve for
The likelihood that President Trump will select Stanford University’s John Taylor as his nominee to succeed Federal Reserve Chair Janet Yellen when her term ends next February should be taken very seriously.
Two things, well, make it three things, stood out for us in reading through this afternoon’s Minutes to the September meeting of the Federal Open Market Committee. The first was
Federal Reserve Chair Janet Yellen will be giving the keynote luncheon speech at the National Association of Business Economists conference in Cleveland tomorrow on “Inflation, Uncertainty, and Monetary Policy.” We
The most immediate takeaway from today’s Federal Open Market Committee meeting was a more hawkish consensus on rates normalization, including the probability for a December rate hike, than what some in the market might have
In a testimony to how successful Federal Reserve officials have been in telegraphing their balance sheet plans, most of the market attention going into this week’s meeting of the Federal Open
Our initial reaction to word that Federal Reserve Vice Chair Stan Fischer is stepping down next month was two-fold: the first was how Fischer’s retirement marks the departure of one
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