Central Bank Watch
FOMC Statement and Press Conference
January 27, 2021
Today’s FOMC statement makes some modifications in the second and third paragraphs that deal with current U.S. economic conditions and their outlook. December’s press release had talked about a continuing recovery of activity and employment, while today’s assessment speaks of a “moderating” recovery recently concentrated in sectors affected by Covid. A phrase “progress on vaccinations” […] More
Central Bank Watch
FOMC Preview
January 27, 2021
The Federal Open Market Committee holds eight scheduled meetings per year and consists of the seven members of the Board of Governors (appointed by the president and confirmed by the senate), the New York Fed president, who serves as Vice Chairman of the FOMC, and four of the other eleven district presidents, who rotate onto […] More
New Overnight Developments Abroad - Daily Update
Dollar Rises After ECB Expresses Concern about Euro Strength and Ahead of FOMC Announcement Later Today
January 27, 2021
In a speech Klass Knot, President of the Netherlands central bank and therefore an ECB Governing Council member, has protested against the euro’s recent rise and warned that central bankers will respond if appreciation appears to jeopardize the goal of lifting inflation back to its target. Compared to Tuesday closing levels, the dollar rallied 0.4% […] More
