FOMC

We're expecting a bit of controversy from the FOMC minutes due tomorrow. These minutes are from the meeting held back in mid-September. The markets were taken a bit by surprise with dissent following the policy decision. And now we get… Read More

Pelosi-Mnuchin Finally Reach Agreement The US index closed 0.44% higher on Tuesday as it rose above 94 for the first time since July. The ascension on the greenback was buoyed as a stopgap bill was passed that would fund the government.… Read More

Last Week’s Highlights US Retail Sales Rise 0.6% in August The monthly retail sales report showed that American consumers continued to increase spending on retail items in August. The report showed a fourth consecutive monthly… Read More

FOMC Takes Centre Stage Manufacturing production in the US expanded less than forecast as the US index steadied itself above 93. Meanwhile, the US dollar will hinge on guidance from Fed chair Jerome Powell at today’s FOMC meeting. We… Read More

There has been a lot of speculation about what the FOMC could decide at their two-day rate decision meeting which ends tomorrow. Interest rates, as expected, are likely to remain the same. However, there has been a lot of talk… Read More

Classic economics indicates that if you expand the monetary base, inflation soon follows. Expanding the monetary base is the technical term for "printing money". The Fed does this in many ways, such as buying bonds. Another classic… Read More

Positive US Data Ahead of Jackson Hole Summit  The US index weakened during Wednesday’s trading closing just below 93. Durable goods orders rose by 11.2% to $230 billion in July. This was an improvement on the revised June orders of $207… Read More

Mixed FOMC Minutes Support the Dollar The US dollar saw a correction across the board on Wednesday as the FOMC minutes revealed concerns regarding the road to recovery. Policymakers hinted at further aggressive stimulus measures and… Read More

There is increased market chatter that the release of the FOMC's minutes for their July meeting might set the ground for future policy changes. The results of the meeting were uneventful. However, there is speculation that the members… Read More

Ever since the Fed announced its latest round of unprecedented QE to fight the pandemic in March, economists have been debating whether we can expect an extended period of inflation or deflation. There are a lot of factors that fit into… Read More