fomc preview

The Federal Reserve will be holding its two-day FOMC meeting on June 13 and 14. According to the various economic indicators and the Fed's minutes from May, the futures and the swaps markets are pricing in a full 25 basis point rate hike this week. The U.S. short term fed funds rates currently stand at 1.50% - 1.75%. The rate hike is expected...

2018-06-12 John Benjamin Read more
May FOMC Meeting

Summary: Officials leave the short term rates at 1.50% - 1.75% Federal Reserve on track to hike rates at the June FOMC meeting Officials willing to tolerate inflation overshoot beyond 2% Further rates hikes for the rest of the year to be determined by incoming data The Federal Reserve Bank held its monetary policy meeting last w...

2018-05-10 John Benjamin Read more
US retail sales rebound

Retail sales in the United States posted a strong rebound in the month of March snapping a three month consecutive decline. Retail sales were boosted by a bigger than increase in motor vehicle sales and other big items. Despite the stronger than expected increase in retail sales, the overall report showed only a modest pace of growth. This wa...

2018-04-27 John Benjamin Read more

  Summary: Federal Reserve hiked its benchmark interest rates by quarter percentage point to a target range of 1.25% - 1.50% Two FOMC members voted against the rate hike; Evans and Kashkari The FOMC's economic projections estimated that GDP will rise 2.5%, up from the 2.1% estimates it gave previously FOMC also gave a modes...

2018-01-17 John Benjamin Read more
Yellen_Dollar rallies

The US dollar posted strong gains this week, at one point staying firm above the psychological level of 100, a resistance level that has been breached as the Dollar Index jumped to 101 yesterday. After the initial turmoil of the election outcome just a week ago, the US dollar maintained strong gains, led by market speculation that a Trump admini...

2016-11-18 John Benjamin Read more