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...


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...


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...


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...