Archive for September 18th, 2013

Central Bank Watch

FOMC Surprise

September 18, 2013

It’s a nice precedent to see that the Federal Open Market Committee doesn’t feel boxed in by the market’s interpretation of previous Fed cues regarding what it may or may not decide at a forthcoming policy meeting.  In fact, markets did not get a nuance that the FOMC has always maintained since forward guidance was […] More

Central Bank Watch

FOMC Preview

September 18, 2013

Federal Reserve policymakers have preparing markets to expect a reduction this month in the size of the central bank’s monthly $85 billion of long-term asset purchases, also known as quantitative stimulus (QE).  Chairman Bernanke initially floated the idea, contingent upon continuing improvement in the U.S. economy.  Although markets at first thought the monthly quota might […] More

New Overnight Developments Abroad - Daily Update

Bank of England Grabs Some Attention while Investors Await FOMC Decision

September 18, 2013

At 18:00 GMT, the FOMC will release new projections and reveal its decision on tapering asset purchases.  Chairman Bernanke’s press conference begins at 18:30 GMT (14:15 EDT).  Analysts have scaled back forecasts of the QE reduction to $10 billion per month, but market whisper numbers of a cut of just $5 billion have lately circulated. […] More

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