FOMC

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

Last week’s highlights Australia Retail Sales Rise in June Retail sales in Australia continued to expand, albeit at a slower pace in June. Data showed that retail sales grew at a pace of 2.4% in June, comparing to the 16.9% increase in… Read More

As the reality of the COVID situation in March set in, the markets took a steep nosedive. It didn't halt until the Fed held an extraordinary meeting to announce unprecedented measures to help the economy. Many argue that it's thanks to… Read More

Last Week’s Highlights China’s Producer Prices Fall at Faster Rate China’s latest factory gate figures indicate that the declines were faster than forecast. Official data showed that factory prices fell for the fourth consecutive month,… Read More