Central Bank Watch
FOMC Statement and Powell’s Press Conference
December 14, 2022
The FOMC statement and projections conform to market expectations. The federal funds target increase got reduced to 50 basis points after four straight 75-bp incremental rises. The cumulative increase is now425 basis points since the opening increase last March of 25 basis points. The new federal funds target range of 4.25/4.50% is the highest in […] More
New Overnight Developments Abroad - Daily Update
Awaiting FOMC and Digesting Japanese Tankan and Released Price Data
December 14, 2022
The last scheduled FOMC meeting of 2022 will release a statement at 19:00 GMT. It will be accompanied by updated forecasts and followed by Chairman Powell’s press conference that starts at 19:30 GMT (14:30 EST). Street estimates center on a half percentage point interest rate hike today. In overnight trading the dollar has dropped 0.6% […] More
