Central Bank Watch
FOMC Statement and Press Conference — Highlights and Analysis
June 10, 2020
Today’s FOMC statement is nearly identical to the one released after the late April meeting with the notable modification that financial market conditions, which then were being impaired by economic activity disruptions, have since improved. Policy measures, goals and intentions remain as before, but there is a hint that purchases of Treasuries and other bonds […] More
Central Bank Watch
FOMC Preview
June 10, 2020
Following a flurry of activity during March done on an unscheduled basis and which included two reductions of the federal funds rate by a total of 150 basis points to 0-0.25%, the Federal Open Market Committee held a scheduled policy review in late April at which no fresh initiatives were undertaken. Since the April 29th […] More
New Overnight Developments Abroad - Daily Update
Lower Dollar Ahead of FOMC Release
June 10, 2020
The Federal Open Market Committee reviewed U.S. monetary policy yesterday and today and will release a statement at 14:00 EDT (18:00 GMT) and updated forecasts. These will be followed by Chairman Powell’s press conference at 14:30. The 0-0.25% federal funds target will not be changed, but the forecasts, which ordinarily are revised quarterly, will be […] More
