Posts tagged 'FOMC Statement'

Fed holds — FOMC statement, 20 March 2013

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Mar 20 18:04 | Comment |

We’ll have a full discussion and live presser coverage starting at 2:25pm EST (6:25pm London time) on US Markets Live.

The new economic projection for the unemployment rate are a bit more optimistic than the December projections, and the central tendencies for GDP growth and inflation are slightly lower:
 Read more

FOMC statement, 24 October 2012

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Oct 24 2012 19:17 | Comment |

Overheard in the FT newsroom: “The market is violently unchanged on the FOMC statement.”

In other words, a bit of a snoozer, as expected. That said, there will be a few things to watch for when the minutes come out, as we noted last week. Read more

FOMC statement – 13 Sept 2012

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Sep 13 2012 17:33 | Comment |

UPDATES:

– Well, open-ended QE is what we anticipated, and open-ended QE is what we got — specifically an additional $40bn of monthly agency MBS purchases. And the purchases were indeed tied to economic outcomes, though in vague terms: Read more

FOMC statement, 13 March 2012

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Mar 13 2012 18:32 | Comment |

“Leave us alone; we’re filling out our brackets.”  – FOMC

We kid, but the statement was pretty much what we (and everyone else) expected. Read more

FOMC statement, 25 January 2012

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Jan 25 2012 17:38 | Comment |

The real fireworks come later and we’ll have more detail on Markets Live as we cover the press conference, but in the meantime you’ll find the text below.

A few quick thoughts: Read more

Q&A: The Fed’s interest rate forecasts

| Jan 24 2012 17:55 | Comment |

The below is from the FT’s Money Supply blog that covers all things central banky.

So the Federal Reserve on Wednesday will publish forecasts which will show us how long it plans to keep rates at more-or-less zero. Hasn’t it done that already? Read more

FOMC statement, 2 November 2011

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Nov 02 2011 16:55 | Comment |

Nothing to see here, catch you at the presser.

That seems to be the message of the FOMC statement, which included no meaningful new announcements. Read more

30-year old WLTM $$$ ISO LTR

| Aug 11 2011 21:11 | Comment |

Heartbreaking. The FT’s Telis Demos points us in the direction of some barmy post-auction action in 30-year US Treasuries:

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Yields at record lows and it’s EURUSD vs CHF

| Aug 09 2011 20:05 | Comment |

Looks like QE2.0 is going down a treat in the FX and bond markets.

First, 3-year, 5-year, and 10-year charts. Read more

FOMC statement – 9 August 2011

| Aug 09 2011 19:35 | Comment |

It’s here! We’re saved!

Wait a minute…. Read more

FOMC statement – 22 June 2011

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Jun 22 2011 17:43 | Comment |

First a reminder that we’re having a special edition of US Markets Live to cover the Bernanke presser starting at 2:05pm New York time (7:05pm in London).

The full FOMC statement is below. As expected, no change in rates. It includes an acknowledgment that economic growth has slowed more than anticipated, reflecting “in part factors that are likely to be temporary…”. Read more

The dollar-battering Bernanke presser

| Apr 27 2011 21:33 | Comment |

To quote (again) a pint-sized musical firecracker from Minneapolis, this is what it sounds like when doves cry:

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FOMC statement – 27 April 2011

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Apr 27 2011 17:43 | Comment |

Call it a bland appetiser before the tastier main course.

Full release below. As to changes, there were only two — these two lines, in the first and second paragraphs respectively: Read more

FOMC Statement

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Jan 26 2011 19:19 | Comment |

The language remained nearly identical to the December statement except for a (dismissive) mention of commodity inflation and, of course, no dissenters. Here it is.

Information received since the Federal Open Market Committee met in December confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring about a significant improvement in labor market conditions. Growth in household spending picked up late last year, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software is rising, while investment in nonresidential structures is still weak. Employers remain reluctant to add to payrolls. The housing sector continues to be depressed. Although commodity prices have risen, longer-term inflation expectations have remained stable, and measures of underlying inflation have been trending downward. Read more

Minutes of the December FOMC meeting

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Jan 04 2011 19:44 | Comment |

The minutes from the FOMC’s meeting on December 14 are out.

At first glance there appear to be no hidden nuggets of insight, and the discussion of where the economy stood near the end 2010 makes for familiar reading: generally improving indicators tempered by ongoing worries about the housing market, deleveraging by households, and the unwillingness of corporate employers to use their cash piles to hire new workers. Read more

FOMC statement

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Dec 14 2010 19:20 | Comment |

UPDATE: In our haste we posted the statement from December 3 earlier. Apologies.

Here is the right one: Read more