Our first reaction to the plunge in those rate dot plots and Chair Janet Yellen’s press remarks this afternoon was to reach for our Thesaurus to look for another word
Key takeaways: The dismal NFP and the rush into safe haven treasuries has taken a rate hike off the June table, but the FOMC majority will still want to keep
After Friday’s unexpectedly dismal Non-Farm Payroll print, there is going to be an even greater than usual parsing of Federal Reserve Chair Janet Yellen’s lunch time speech today on the
Wow. We know the drill about how one number does not a trend make, but surely this morning’s Non-Farm Payrolls print is one of those rare big miss moments that
Key Takeaway: • Chair Yellen essentially confirms a rate move this summer, keeping her options open on whether to make the rate move in June or July. Federal Reserve Chair
Key Takeaways: • After months of preparations, China will soon begin invoicing all its crude oil imports in yuan rather than in dollars. • The PBoC is taking “pre-cautionary” measures
Key Takeaways: • An FOMC majority believes economic conditions will warrant a mid-year rate hike, and while agnostic whether in June or July, on balance, FOMC caution could tip to
Key Takeaways: • A Fed messaging offensive is underway, culminating with Chair Yellen’s twin speaking engagements on May 27 and June 6, to move market pricing higher for a June
The most immediate reaction among most Federal Reserve officials to this morning’s Nonfarm Payroll numbers was probably a shrug and the usual “it is only one number” response. But we
After the Federal Open Market Committee signaled the door is open to a June rate hike in its April meeting statement, which they did primarily by diluting their previous highlight
The Federal Open Market Committee decisively left the door open for a June rate hike in this afternoon’s April meeting statement by deleting altogether the March reference to continuing global
Amid quiet markets this morning, here is a quick snapshot of what we expect later this afternoon in the Federal Open Market Committee statement: ** The FOMC, we believe, will
Since the Federal Open Market Committee is not going to be raising rates at its April 27-28 meeting next week, the only real question is whether the Committee will use
China’s Finance Minister Lou Jiwei and People’s Bank of China Governor Zhou Xiaochuan met their US counterparts, Treasury Secretary Jacob Lew and Federal Reserve Chair Janet Yellen, in Washington DC
Federal Reserve Chair Janet Yellen was unmistakably more upbeat on the US economic outlook in her remarks last Thursday than she was in her very dovish speech at the Economic
When Federal Reserve Chair Janet Yellen was asked in the Q&A session after her speech last Wednesday at the Economic Club of New York whether there was a change in
Federal Reserve Chair Janet Yellen’s luncheon speech before the Economic Club of New York earlier today was by most accounts as dovish as they come, and if anything else, it
In recent years Federal Reserve Chair Janet Yellen has tended to give a major, one wants to say seminal, policy speech each spring and fall, methodically laying out the key
For all the debate over the merits of the blue dot rate plots, all the policy messaging to be taken from today’s Federal Open Market Committee meeting was loaded into
With the Federal Open Market Committee members about to settle in around the table to begin their two day March meeting, a few points about the likely outcome tomorrow afternoon.