Archive for May 1st, 2013

Central Bank Watch

FOMC Statement Fails to Rock the Boat

May 1, 2013

Today’s statement retained the existing quantitative stimulus setting and didn’t modify its language about the outlook for inflation or it’s guidance regarding future policy decisions.  Much of the language reads verbatim as did the prior statement of March 20.  The most meaningful change is the addition a a sentence that allows for two-sided risk surrounding […] More

Central Bank Watch

FOMC Preview

May 1, 2013

The third of eight scheduled Federal Open Market Committee policy statements in 2013 is being released today at 14:00 EDT (18:00 GMT).  There will be no press conference afterward.  The previous statement on March 20 upgraded assessments of the labor market and housing sector, observed a more restrictive fiscal policy, called longer-term inflation expectations stable […] More

New Overnight Developments Abroad - Daily Update

Waiting for the FOMC Statement and Some U.S. Data

May 1, 2013

Many markets around the world are closed today for Beltane and May Day celebrations.  These include China, Germany, France, Italy, Greece, Portugal, Spain, South Korea, India, Singapore, Thailand, Malaysia, Sri Lanka, Vietnam, the Philippines, Hong Kong and Taiwan. The Federal Open Market Committee will release a statement at 14:00 EDT (18:00 GMT).  No press conference […] More

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