FOMC

Fed Chairman Jerome Powell is in a somewhat difficult position. This is likely to be expressed in the statement from the FOMC policy meeting and the subsequent press conference. There is a reason that he's been making public statements…

Normally, traders pay close attention to the release of the FOMC's minutes to see where the future rate policy might be going. However, the situation might be slightly different this time around. Job creation numbers have far exceeded…

A lot has happened since the FOMC last met in late January. Back then, we still didn't have the return in jobs numbers. There were still press reports of covid vaccine hiccups, and we still weren't sure that Jan 7 was the actual peak in…

A lot has changed in the US since the last time the FOMC sat down to discuss its monetary policy. The new year has brought with it a change in optimism and a reorientation regarding the country's outlook. But, macroeconomic data hasn't…

Every year, four members of the FOMC rotate out. The governors who were their alternates then join the committee as voting members. Because members are so well studied, the market has a good understanding of their bias in favor of easing or…

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…

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.…

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…

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…

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…