Central Bank Watch
FOMC Statement
July 27, 2016
The Federal Open Market Committee left the federal funds rate target unchanged as expected at 0.25-0.50% and released a statement that upgraded labor market conditions but otherwise pretty much retained the same economic assessment. Unlike the previous mid-June result, the decision to leave policy unchanged was not unanimous. As she had done at meetings in […] More
Central Bank Watch
FOMC Not Expected to Change Interest Rate Today
July 27, 2016
No press conference is scheduled to follow today’s released FOMC policy statement due at 18:00 GMT (14:00 EDT), nor are policymakers likely to spring a surprise federal funds rate hike on the market. If that were to happen, an unscheduled press conference would be hastily arranged. The previous FOMC statement on June 14 occurred just […] More
New Overnight Developments Abroad - Daily Update
Sentiment Up Ahead of FOMC on Japanese Fiscal Indication and Apple’s 2Q Earnings
July 27, 2016
The FOMC will release a policy statement at 14:00 EDT (18:00 GMT). No rate hike is expected. Japanese Prime Minister Abe quantified the coming fiscal stimulus at a greater-than-expected JPY 28 trillion, or roughly $265 billion. However, it seems that only about half the total will involve “real money,” that is actual government deficit spending. […] More
