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....


FOMC June 2018 Press Release Changes

The June 13, 2018, FOMC meeting lived up to the market’s expectation of a 25bp rate increase.  This has been widely expected since this is a “live” meeting (meaning that the meeting is followed...


FOMC May 2018 Press Release Changes

The Federal Open Market Committee finished its two day policy meeting this afternoon and left rates unchanged. This was widely expected as it is not a "live” meeting since it does not have a press...


FOMC March 2018 Press Release Changes

With almost 100% of the market expecting a 25bp rate hike, the first act of the new FOMC chairman did not disappoint. There were no surprises per se in the press release either. The FOMC recognizes...


FOMC January 2018 Press Release Changes

Summary Janet Yellen serves as the Chair for the last time. Labor continues to strengthen. (no change) Economic activity rising at a solid rate (no change) Gains in employment, household spending and...