Central Bank Watch
FOMC Statement, Projections, and Press Conference
December 15, 2021
In several respects as implied in today’s statement, Fed officials are more comfortable now than in early November with removing accommodation. The tapering of monthly bond purchases was increased significantly and on a pace to end after mid-March rather than at mid-2022. The projected likely fed funds rate level a year from now is 0.6 […] More
Central Bank Watch
FOMC Preview
December 15, 2021
After the last Federal Open Market Committee review of U.S. monetary policy on November 2-3, officials laid out a tentative scheduled for tapering net asset purchases by $15 billion per month. At that pace, it would take eight reductions to completely halt the growth in holdings after next June, with the caveat of being ” […] More
New Overnight Developments Abroad - Daily Update
Bracing for the Fed’s Decision but First Dealing with Weaker-than-Forecast Retail Sales and More Disconcerting Inflation News
December 15, 2021
The FOMC statement will be released in about two hours. New Fed projections are also due, and Chairman Powell, who’s been renominated by President Biden to serve a second four-year term (pending senate confirmation) will kick off his press conference at 19:30 GMT. The dollar has been marking time ahead of the Fed’s likely announced […] More
