The Federal Reserve is widely expected to raise the Federal Funds Rate today, from 1.75% towards 2.00% benchmark points. Exactly at 18:00 GMT the FED will issue a statement, which will contain the interest rate outlook, along with its latest economic forecasts. At this stage, the Market already priced in the June Fed rate hike, therefore, ...

2018-06-13 Richard Tataru Read more
Mester aims to maintain Fed's course

The President of The Cleveland Federal Reserve Bank, (known to be a hawk in the FOMC) Loretta Mester aims to maintain Fed's course, stating that the central bank must continue its gradual approach to raising interest rates as the inflation rate still did not reach the central bank's 2% inflation target rate. She spoke on Monday in Paris, amid a ...

2018-05-21 John Benjamin Read more
FOMC speeches confirm Fed’s view

The Chairman of the Federal Reserve, Jerome Powell, speaking at a conference sponsored by the International Monetary Fund and the Swiss National Bank in Zurich said that the financial markets have received the information the central bank is on track for gradual interest rate hikes. He said that the markets should not be surprise as the central ...

2018-05-17 John Benjamin Read more
Trump and Powell

Summary: Jerome Powell nominated to lead the Federal Reserve for the next five-year term FOMC vacancies exposes more inclination to the hawkish side FOMC doves, Kashkari and Evans expected to make way for hawks, John Williams and Loretta Mester Markets complacent about rate hikes in 2018 Lack of inflationary pressures and subd...

2018-01-25 John Benjamin Read more
Interest Rate_Fed

President Trump is likely to announce his pick for a new chairman to the Federal Reserve before his trip to Asia scheduled for next week. This means an announcement for the Chair and vice chair at the Fed is imminent by the end of this week.  Here are the final candidates as revealed by Trump, which could occupy the top 2 jobs at the US central ...

2017-12-12 Ashraf Laidi Read more