Deeper Analysis
Under Whom Would the Dollar Likely Perform Better: Biden or Trump?
March 20, 2024
Previous updates on this website have compared the U.S. economic performance during the Trump and Biden administrations and produced evidence pointing to a better record under the current president than his predecessor. Another question of importance concerns which of their potential second terms is likely to foster a stronger dollar. In the post-March 1973 era […] More
Central Bank Watch
FOMC Statement, Projections and Press Conference
March 20, 2024
Today’s FOMC statement matches the last one with the exception of the deletion of “have moderated since early last year but” from the sentence that now reads “Job gains [deleted phrase] have remained strong, and…” in the first paragraph. Decisions to leave the the federal funds rate at 5.25-5.50% and to continue reducing asset holdings […] More
Central Bank Watch
Preview of March 2024 FOMC Meeting
March 20, 2024
The thrust of Chairman Powell’s press conference after the last FOMC meeting was that monetary officials are happy with the U.S. economic performance — a combination of solid growth, very low unemployment, and a faster-than-imagined drop of inflation — but that they are waiting for more evidence of such satisfactory trends before beginning to reduce […] More
New Overnight Developments Abroad - Daily Update
A Focus on Central Banks, Particularly the Fed
March 20, 2024
At 14:00 EDT (18:00 GMT), the Federal Open Market Committee will telegraph the decisions from its second scheduled policy meeting of 2024. The federal funds rate target will be left at 5.25-5.50% where such has been since last July. An updated set of forecasts also at 14:00 EDT will provide the first indication of any […] More
