FOMC July 2019 Press Release Language Change

FOMC cut rates by 25bp and stopped shrinking its balance sheet 2 months earlier than scheduled. The market was hoping for more cuts and more clarity in the policy path going forward from Chair Powell...


ECB Press Conference July 25, 2019 - What Has Changed?

Summary Keep ECB interest rates unchanged and expect them to remain at their present or lower levels at least through Q2 of 2020. (unchanged) Intends to continue reinvesting, in full, the principal...


FOMC June 2019 Press Release Language Change

As expected, FOMC members held rates unchanged.  The U.S. economy remains solid (jobs and GDP) and especially so when compared to the rest of the world.  After a strong first quarter and a good...


ECB Press Conference June 6, 2019 - What has changed?

Summary  ·       Keep ECB interest rates unchanged and expect to remain so at least through the summer of 2019. (unchanged) ·       ECB expects to remain at their present interest...


FOMC May 2019 Press Release Language Change

The two-day regular FOMC meeting ended on May 1 without any surprises.  Even though the FOMC held the rates steady, Chair Powell’s press conference did not signal a rate cut any time soon. The...


ECB Press Conference April 10, 2019 - What has changed?

Summary  ·       Keep ECB interest rates unchanged and expect to remain so at least through the summer of 2019. (unchanged) ·       Intend to continue reinvesting, in full, the...


FOMC March 2019 Press Release Language Change

Recognizing a slowing U.S. economy and a slowdown in consumer and commercial spending/investments, the FOMC held rates steady.  The Press Release also recognized a still strong labor market and a...


The FOMC is Reviewing its Toolbox of Policy Goodies

On February 22, 2019, Richard Clarida, Vice Chair of the Board of Governors, at the U.S. Monetary Policy Forum , stated that a review of the current Federal Reserve’s monetary policy framework and...


ECB Press Conference March 7, 2019 - What has changed?

Summary  ·       Keep ECB interest rates unchanged and expect to remain so at least through the summer of 2019. (unchanged) ·       Intend to continue reinvesting, in full, the...


FOMC January 30, 2019, Press Conference Prepared Remarks

2019 begins the Era of Powell Transparency.  In his first of eight “live” FOMC meeting press conferences this year, Chairman Powell stated that the FOMC is “committed to clearly explaining what...