Central Bank Watch
FOMC Keeps 2-2.25% Federal Funds Target Range as Expected
November 8, 2018
With no press conference planned, the Federal Open Market released a statement at 14:00 EST (15:00 GMT) that is very similar to the previous meeting’s one, when policy was tightened. As expected this time the fed funds target was left unchanged, but no doubt was left about more rate normalization as officials reiterated the clause “in […] More
Central Bank Watch
FOMC Preview
November 8, 2018
FOMC policy has become an epitome of predictability in rate-rising cycles. For decades, the Fed didn’t even announce policy changes, and it could take some time to discern that one had occurred by watching open market operations and determining behavior that couldn’t be explained by seasonal and other special factors. Policymakers have come to believe […] More
New Overnight Developments Abroad - Daily Update
Political Fireworks but Markets Calm, Awaiting FOMC Announcement
November 8, 2018
U.S. Attorney General Sessions is out and will be replaced by someone critical of the Mueller investigation. President Trump wasted little time adopting a very confrontational stance to the Democratic majority in the House. The FOMC is not expected to hike interest rates today. No press conference is scheduled, but expectations are widespread that there […] More
