We have been saying since we can remember (well, early spring anyway, SGH 4/22/14, “Fed: Twists and Turns” comes to mind) that the Federal Open Market Committee’s September meeting is

Those hoping to see Federal Reserve Chair Janet Yellen signal a hawkish turn tomorrow when she testifies on Capitol Hill Tuesday and Wednesday are likely to be disappointed. While we

In anticipating the Minutes to the June meeting of the Federal Open Market Committee being released tomorrow afternoon, it is probably worth bearing in mind how closely Chair Janet Yellen has hued to the broader Committee consensus

The question, brusquely poised in the shorthand of the headline, is being asked across the fixed income markets these days amid the seeming complacency of rates pricing, namely, whether Federal Reserve Chair

There isn’t a heck of a lot we can object to in the thrust of today’s Federal Open Market Committee statement, Summary of Economic Projections and the blue dot rate plot,

With the Federal Open Market Committee’s statement, Summary of Economic Projections with their always fun to see rate dot plots, and Chair Janet Yellen’s second press conference due this coming

Judging by the market pricing, you would think that the single most influential Federal Open Market Committee member is the most dovish of an already dovish FOMC, Federal Reserve Bank

Stanley Fischer, the Obama Administration’s nominee as Vice Chairman of the Federal Reserve Board, is certain to be confirmed by the Senate, perhaps as soon as later today in a

We wanted to offer a brief word of caution on fixed income markets that have been rallying so hard these last few days. There is no small amount of pain trades

Probably the most interesting thing about the Minutes to the April Federal Open Market Committee meeting being released next week will be what they reveal about the curious joint session of the Board of Governors

That it was a year ago that former Federal Reserve Chairman Ben Bernanke first dropped his hints about the tapering to the Fed’s bond purchases is probably elevating the attention

The first reaction of Federal Reserve officials to this morning’s strong Nonfarm Payroll numbers was probably that a few more of these prints would be sweet. It is just one

The most important takeaway from this Federal Open Market Committee meeting was probably what wasn’t in the statement per se, but at least underscored in the absence of a dissent. It is not

Our favorite bit in Federal Reserve Chair Janet Yellen’s Economic Club of New York speech last week was the description of the Fed’s forward policy guidance as an “automatic stabilizer.”

We do not know if Federal Reserve Chair Janet Yellen will be commenting in her showcase luncheon speech later today at the Economic Club of New York on the “rate dots” included in

There are a few takeaways we believe worth highlighting from the Minutes released yesterday for the Federal Open Market Committee’s March meeting. The first is mostly about clarifying communications and

The string of speeches by Federal Reserve officials this past week, in the wake of the Federal Open Market Committee’s March meeting madness, point to what we think are likely

Well, one thing is certain in the wake of the market reaction to Federal Reserve Chair Janet Yellen’s first press conference yesterday: forward guidance policy works, just not necessarily in the way intended.

Our takeaways from today’s trifecta of the Federal Open Market Committee statement, the always problematic “dots guidance” of the Summary of Economic Projections and Chair Janet Yellen’s first press conference

The policy consensus taking shape on two fronts is rapidly becoming apparent in the recent public remarks by Federal Reserve officials in the run up to the Federal Open Market Committee’s March 18-19 meeting. The first,