Archive for September 21st, 2022

Deeper Analysis

FOMC Statement, Projections, and Press Conference

September 21, 2022

The FOMC increased the federal funds target by 75 basis points, meeting but not exceeded the majority forecast of investors. The new target is a range of 3.0-3.25%. The statement made just one modification, describing growth in spending and production as modest. In the July 27 statement, such was said to have “softened.” The policy […] More

Central Bank Watch

FOMC Preview

September 21, 2022

In the race of central bankers around the world to get ahead of the inflation-reduction curve, the Federal Reserve had been neither the least aggressive nor most aggressive monetary institution in shifting from a very accommodative stance to one that goes beyond mere neutrality to eventual restraint. Quantitative stimulus has given way to a program […] More

New Overnight Developments Abroad - Daily Update

FOMC Meeting and Putin’s Reservist Mobilization Overhang an Edgy Day

September 21, 2022

The FOMC announcement at 14:00 EDT will be accompanied by updated macroeconomic forecasts and followed by Chairman Powell’s press conference starting at 14:30 (18:30 GMT). Officials are expected to raise the federal funds target by 75 basis points, bringing the increase since June to 225 bps and establishing the highest target level (3.0-3.25%) since a […] More