Archive for March 16th, 2016

Central Bank Watch

FOMC Statement and Press Conference

March 16, 2016

A 9-1 vote left the federal funds target range at 0.25-0.50%, with K.C. Fed President Esther George dissenting in favor of a 25-basis point tightening.  The FOMC released a statement and new forecasts that Identified a moderate continuing recovery with progress both toward absorbing labor market slack and raising inflation closer to the central bank’s […] More

Central Bank Watch

FOMC Preview

March 16, 2016

  Since the last FOMC meeting in late January, which unlike today’s did not unveil new forecasts or hold a press conference, commodity and stock prices have recovered, the dollar has eased (especially against the yen), and the 10-year Treasury yield has slipped marginally on balance.  A rate hike today is not anticipated. EUR/$ $/JPY […] More

Central Bank Watch

Central Bank of Iceland

March 16, 2016

The Monetary Policy Committee has retained a 6.5% 7-day collateralized lending interest rate.  Prior hikes were made of  50 basis points last June and August as well as 25 bps in November, which was the most recent change.  A statement released today by the committee commits policy to further tightening because of accelerating domestic inflationary […] More

New Overnight Developments Abroad - Daily Update

Awaiting the FOMC Decision and Digesting Other Developments

March 16, 2016

Trump and Clinton were big winners in Tuesday’s primary elections, winning North Carolina, Florida, Illinois and each leading narrowly in Missouri votes that remain too close to call.  Ohio was captured by Clinton and Kasich. Trump may skip the next Republican debate and predicts violence at the Salt Lake City convention if Republican establishment attempts […] More

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