Well, that was a bit boring after all the build-up. There are no overt or explicit signals about September in today’s Federal Open Market Committee statement, as we and just
We were a bit surprised by the market’s initial dovish reaction on Friday to the accidentally released Federal Reserve Board staff projections for the June Federal Open Market Committee meeting.
Communications will loom large for markets in the take away from next week’s Federal Open Market Committee meeting, both in the statement itself and in setting up the likely policy
Federal Reserve Chair Janet Yellen hued closely to the Federal Open Market Committee’s June meeting base case for underlying economic fundamentals that should “lead to some pick up in the
Federal Reserve Chair Janet Yellen will be speaking on the US economy starting at 12:30 today in an address before the City Club of Cleveland. We suspect that, on balance,
It is probably worth noting that market could take a dovish read to the Federal Open Market Committee’s June 16-17 meeting Minutes released later today. That is especially the case
A cleaner, clearer Non-Farm Payrolls number would have been a nice to have in front of the Fourth of July weekend, especially with the overhang of uncertainty in the ongoing
The most immediate takeaway from the Federal Reserve Open Market Committee decision and presentations today was without doubt the dramatic marking down of the Summary of Economic Projections blue dot
A recent string of stronger data that washed away much of the first quarter’s uncertain growth outlook is likely to frame the discussions in next week’s pivotal Federal Open Market
A few points on the Minutes to the April 28/29 Federal Open Market Committee meeting coming out later today. First, they are likely to confirm the Committee’s expectations for a
For all the hand wringing over how soft and how persistent the first quarter slow down would be, it would seem Friday’s Nonfarm Payroll was still good enough to bolster
One could be forgiven for thinking we have been here before. This year opened as each of the last few years did, with a heady optimism on the outlook and
In the week since the Federal Open Market Committee March meeting, a near half dozen Committee member have hit the speaking circuit on a renewed communications drive that will culminate
We had two immediate reactions to what was unquestionably a dovish policy messaging takeaway from the Federal Reserve this afternoon, though perhaps not as dovish as it may seem as
For all the weighing of probabilities over the “patience” forward guidance language in Wednesday’s Federal Open Market Committee’s March meeting statement, its fate may prove less consequential to market pricing
In weighing the likely impact of the recent surge in the dollar on the Federal Open Market Committee meeting discussions next week, the distinction should be made, as the Fed
It is hard to stick to the discipline of never reading too much into a single data point when in an initial reaction to this morning’s Nonfarm Payroll numbers, they
“I’m not in favor of chaining the Federal Open Market Committee to any rule whatsoever,” Federal Reserve Chair Janet Yellen said in reply to a question from Senate Banking Committee
A few points about Federal Reserve Chair Janet Yellen’s appearance before the Senate Banking Committee tomorrow morning and the House Financial Services Committee on Wednesday: ** First, expectations that Chair
We had two, no three, immediate reactions to this afternoon’s Minutes of the Federal Open market Committee January meeting. *** The first is that everything in the tone and the