Central Bank Watch
FOMC Leaves Its Monetary Policy As Is
May 3, 2017
The post-meeting FOMC press release didn’t contain any news to move markets much one way or the other. Regarding U.S. economic conditions, slower growth last quarter is considered “likely to be transitory,” and there’s been no change in the committee’s projection of moderately-paced economic growth with roughly balanced risks. On-year inflation is already just slightly […] More
Central Bank Watch
FOMC Preview
May 3, 2017
Today’s FOMC statement following the U.S. monetary committee’s third meeting of 2017 will be released at 18:00 GMT (14:00 EDT) and not followed by a press conference except in the very unlikely event that the federal funds rate target 0.75-1.0% is raised further. There have been three increases of 25 basis points each in the […] More
New Overnight Developments Abroad - Daily Update
Waiting for the FOMC Statement Later Today
May 3, 2017
Markets were closed today in Japan (Constitution Day) and both South Korea and Hong Kong (Buddah’s birthday). Lower U.S. share prices are indicated likely in the wake of disappointing data released yesterday. All six automakers reported lower sales in April, and Apple’s 1Q earnings missed expectations. The yen’s recent slide continued. The dollar shows gains […] More
