The FOMC appear to be attempting to ‘stick the landing’ despite the predicted challenge of a two-tenths fall in the unemployment rate in the next 2 years.
The FOMC strengthened its language towards the possibility of a rate hike and gradual policy normalisation in the 16-17 October meeting statement.
Recent surveys revealed that monthly jobs growth has averaged under 150 000 over the past 2 months, down from 200 000 in the first half of the year.
The FOMC decided upon a hawkish hold at the September meeting, instead of beginning policy normalisation, releasing a subdued projection for policy rates.
The July Federal Open Market Committee minutes reflect doubt over Fed Chair Yellen’s approach to the inflation outlook and downside risks to growth.
The FOMC note that a policy rate rise would occur with an improvement in the labour market, likely to be in September, followed by a gradual normalisation.
Despite headwinds from the crisis now fading, evidence shows a decline in the US growth rate as these issues prove to be more persistent than first thought.
The statement published after the Federal Open Market Committee (FOMC) meeting on 17 June 2015 was largely in line with […]
What a difference a few weeks make. Since mid-May, much of the concern over the loss of momentum in the […]
In the first week of June, volatility in European and US sovereign debt markets picked up again after a two-week […]
If investors now view Bunds as more fairly priced, what could prompt a return of the euro parity trade in currency markets?
Recent events have seen a sharp reversal of market trends, with the PBOC cutting benchmark interest rates and the ECB’s tightening of financial conditions.
Portfolio rebalancing is occurring slowly. This shows that the effects of QE are happening gradually, and not that QE is having a less desired impact.
On March 18, the Federal Open Markets Committee (FOMC) statement came in firmly in line with market expectations, with the […]
The first week of March’s economic data releases essentially represent the final nails in the coffin for the Federal Open […]
Here at FFTW, we came into 2015 believing that a host of structural factors would serve to keep the global […]
In applying the concept of BATNA to upcoming negotiations between the Troika and Greece’s new Syriza-led government, one is struck by the fact that there really are no strong alternatives for either side.
The Federal Reserve’s numerous forays into quantitative easing (QE) contributed to a global search for yield and notable capital flows […]