Central Bank Watch
FOMC Statement
April 29, 2020
No surprises can be found in today’s just released statement. The federal funds target range was left at 0-0.25% with guidance reaffirmed that “the Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals.” […] More
Central Bank Watch
FOMC Preview
April 29, 2020
The last scheduled Federal Open Market Committee meeting was held three months ago. A scheduled meeting on March 17-18 was cancelled following back-to-back unscheduled meetings on March 3rd and March 13th. Since the January 29th FOMC statement, the dollar has strengthened 1.4% against the euro but weakened 2.3% relative to the yen. The 10-year Treasury […] More
New Overnight Developments Abroad - Daily Update
Lots of Data and an FOMC Meeting to Digest
April 29, 2020
Even with Japanese markets shut for the first of several “Golden Week” holidays, today is a very active day. Euroland economic sentiment, U.S. GDP, and several price statistics head a long list of data releases. Also, the FOMC will announce the conclusions of a scheduled review of monetary policy, which will be followed by a […] More
