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...


FOMC January 2019 Press Release Language Change

The January 29-30, 2019, FOMC meeting adjourned with the Committee holding the rates unchanged as most economists had expected.  This is the “pause” that the market has been waiting for.  With...


FOMC December 2018 Press Release Language Change

The December 18-19, 2018, FOMC meeting adjourned with the widely anticipated 25bp rate increase (the 9th since December 2016). The FOMC reflected on the continuing strength of the labor economy, the...


FOMC November 2018 Press Release Language Change

The November 7-8, 2018, FOMC meeting adjourned with no rate action. The FOMC reflected on the continuing strength of the labor economy, the declining unemployment rate and strength in consumer...


FOMC September 2018 Press Release Language Change

The September 26, 2018, FOMC meeting adjourned with the expected 25bp interest rate hike. The FOMC confirms the strength in the U.S. economy as so reflected by the inter-meeting data. It is notable...


FOMC August 2018 Press Release Language Change

The August 1, 2018, FOMC meeting adjourned with no surprises. The FOMC recognizes the continuing and growing economy with a strong labor market and core and headline inflation remain near 2 percent....


BOJ Press Conference July 31st – Committed to Stay The Course and be Flexible

Bank of Japan Policy Board Press Release July 31, 2018 – STAY THE COURSE https://www.boj.or.jp/en/announcements/release_2018/k180731a.pdf In its press release for the Bank of Japan Monetary...


ECB Press Conference July 26th - What has changed?

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