Central Bank Watch
FOMC Statement: No Surprises…. Decision on Size of September Meeting Not Made
July 27, 2022
The size of the interest rate hike, 75 basis points, matched expectations and the previous increase in mid-June. More increase in the future “will be appropriate.” Quantitative tightening that reduces the size of the Fed balance sheet by via not fully reinvesting matured principal of maturing assets, will proceed on the scheduled outlined in May. […] More
Central Bank Watch
FOMC Preview
July 27, 2022
The fourth straight hike in the federal funds target is expected to match the previous increase of 75 basis points on June 15 and bring the cumulative rise this year to 225 basis points. With the new target range ceiling of 2.5%, policy has returned to what officials generally consider a neutral stance, that is […] More
New Overnight Developments Abroad - Daily Update
Slightly Softer Dollar but Higher Share Prices Ahead of FOMC Announcement
July 27, 2022
The FOMC statement due at 18:00 GMT today will be followed by Powell’s press conference 30 minutes later. Fed forecasts are not being updated at this meeting, and officials are widely expected to raised the fed funds target by 75 more basis points to 2.25-2.50%, which would more or less align such with what is […] More
