Archive for March 20th, 2019

Central Bank Watch

FOMC No Longer Inclined to Hike Fed Funds Rate This Year

March 20, 2019

Today’s released FOMC statement asserts that the slowdown of growth in the final quarter of 2018 persisted in the early going of 2019. Headline inflation has declined, too, and market-based measures of inflation compensation “have remained low in recent months.” The final three paragraphs of the statement are identical to the one from January 30th. […] More

Central Bank Watch

FOMC Preview

March 20, 2019

Over the seven weeks since the last FOMC meeting, the dollar and price of oil have strengthened. Share prices recovered additionally, but the 10-year Treasury yield has fallen back 13 basis points. Forward guidance in the January 30th statement was less hawkish, deleting the previous assertion that further gradual increases in the target interest rate […] More

New Overnight Developments Abroad - Daily Update

Financial Market News Cycle Headed by FOMC, Brexit, and U.S./Sino Trade Talks

March 20, 2019

Today’s FOMC announcement at 14:00 EDT (18:00 GMT) will be accompanied by updated forecasts and followed at 14:30 by Chairman Powell’s press conference. Analysts look for scaled-back growth and inflation forecasts, fewer interest rate hikes this year than indicated earlier, and a stop in quantitative tightening. British Prime Minister May is asking for a 3-month […] More

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