There was plenty to weigh in the December Federal Open Market Committee meeting Minutes released this afternoon. For one, there was that generally reassuring optimism on the outlook going into
If there is any single takeaway from today’s Federal Open Market Committee, it is this definition of the new “patience” language introduced by Chair Janet Yellen in her opening remarks
We would normally hesitate before revisiting the debate over potential language changes so close to the Federal Open Market Committee’s December meeting statement this Wednesday afternoon, especially amid renewed volatility
As they head into their end-of-year meeting next week. Federal Open Market Committee members have a clearer sense of what they are likely to do in moving towards “policy normalization” than they are about how and
Two themes are foremost on the minds of the Federal Open Market Committee members as they head into their year-end December 16-17 meeting. Well, three really. *** A solid Committee
It would not surprise Federal Reserve officials if this morning’s Nonfarm Payroll came in at a healthy level. But whatever the breakdown of the numbers in this particular data point, the trend
Today’s Federal Open Market Committee statement included almost exactly what we would have expected from the FOMC – only not all for today, but in December. The Committee, in effect, pulled forward
No one, including Federal Reserve officials, would want to go through the wild ride in the markets of yesterday and the last two weeks. Today is likely to mark yet
Two takeaways on yesterday’s release of the September Federal Open Market Committee meeting Minutes: Misreading the Minutes on the dollar and low inflation First, we believe the market and media are way
When Federal Reserve officials kept stressing a “data dependent” policy path from here, they probably never imagined the starkly juxtaposed data that is currently unfolding. At least until a few
There seems to be a lingering confusion since last week over what many took to be crossed signals between the Federal Open Market Committee’s dovish statement versus the more hawkish “blue dot rate plot” indicating a
So who knew after all the handwringing over the in or out of the “considerable time phrasing” that it would turn out to be almost a footnote to the two
The market and media have been worked into a near frenzy (ourselves included) in the last week or so speculating on the very close call of whether the Federal Open
How do you say pretty much the same thing, using different words but without the same loaded meaning and memories, to convey a certain distancing without causing a frightened misunderstanding
After the anxious days of speculation over the possible policy signals to be taken from Federal Reserve Chair Janet Yellen’s speech on “Labor Markets Dynamics and Monetary Policy” this morning
No two ways about it, the Minutes to the July meeting of the Federal Open Market Committee this afternoon were on balance a tad “hawky.” By hawky we mean that
There has been no small amount of anxious anticipation of Federal Reserve Chair Janet Yellen’s keynote speech to open the Federal Reserve Bank of Kansas City’s conference in Jackson Hole
The continued job gains in this morning’s Nonfarm Payroll numbers are likely to be taken by a majority of the Federal Reserve officials as further evidence current policy is on the right track,
The basic thrust of a more upbeat (and a modestly more hawkish) tone to the economic outlook in today’s statement by the Federal Open Market Committee fit well, almost too well, into our expectations laid out
