Central Bank Watch
FOMC Statement and Powell’s Press Conference
July 28, 2021
Aside from some inserted clarification regarding the timetable to tapering quantitative stimulus, little was changed in today’s FOMC statement. The economy has made progress toward these goals [of maximum employment and inflation rising to 2 percent and being on track to moderately exceed 2 percent for some time], and the Committee will continue to assess […] More
New Overnight Developments Abroad - Daily Update
Two-Day FOMC Meeting Ends Today with Likely Same Dovish Message
July 28, 2021
Against the backdrop of rising Covid-19 infections in the United States, this isn’t the time for the Fed to express a lot of concern about inflation or to show greater urgency as official begin to contemplate a plan to taper monetary stimulus. In the three days of July 25-27, new U.S. coronavirus cases averaged 57.3k […] More
