May fomc minutes

The Federal Reserve released the May FOMC minutes last week. The minutes were released with the usual delay of three weeks after the monetary policy meeting. According to the meeting minutes, officials had earlier this month suggested that another rate hike was appropriate. Officials noted that while there were several risks that were facing ...

2018-05-31 John Benjamin Read more
March rate hike

The FOMC will be holding its two day meeting which concludes today. Heading into the event, the futures markets have assigned a near 90% probability of a 25 basis point rate hike at today's monetary policy meeting. [caption id="attachment_46947" align="aligncenter" width="804"] Fed funds rate probability - March 21, 2018 (Source: CMEgroup)[/c...

2018-03-23 John Benjamin Read more
FOMC

The U.S. Federal Reserve will be concluding its two-day FOMC meeting on Wednesday this week. According to the futures markets, the 30-day Fed funds rate is expected to rise by 25 basis points, bringing the short term interest rates to 1.25% - 1.50%. December's rate hike, now almost a done deal, will be the second rate hike this year. The Fed ...

2018-01-25 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
FOMC

Summary: Federal Reserve hikes interest rates by 25 basis points as widely expected Short term interest rates now at 1.0% - 1.25% Central bank maintains the view that one more rate hike is appropriate this year No major changes given to economic projections Inflation expected to weaken below 2%, but jobless rate expected to av...

2017-07-26 John Benjamin Read more
Federal Reserve_Fed_FOMC

The U.S. Federal Reserve meeting on Wednesday is likely to overshadow all other economic events over the week. After nearly a month of the markets rallying in anticipation of a Fed rate hike, the markets are geared up for a second rate hike in almost a year after the initial 25 basis points increase. Across the Atlantic, the Bank of England’s me...

2016-12-12 John Benjamin Read more
FOMC meeting_Fed

Policymakers at the US Federal Reserve acknowledged that the case to hike interest rates continued to strengthen. Despite a split vote, many members were of the opinion that a rate hike should happen "relatively soon," reaffirming that the central bank will hike rates in December, according to the November's FOMC meeting minutes released yesterd...

2016-11-24 John Benjamin Read more
FOMC minutes

Members of the Federal Reserve, open market committee, will be convening for the two-day Fed meeting on June 14 and 15th. The FOMC meeting will be closely watched across the equity, bond and currency markets. On the table is the question whether the Fed will be able to lead the markets towards future interest rate hike expectations. [captio...

2016-06-14 John Benjamin Read more
Fed reserve recision

In what is setting up to be the Historic event of the year, the US Federal Reserve prepares for its very first rate hike in over 9 years. With most of the economic data done with, the stage is set for the Fed to hike interest rates by 25bps in an effort to bring the US monetary policy back to normalization. The Fed funds futures rates, accordin...

2015-12-14 John Benjamin Read more

The much anticipated, over hyped event is due later this evening at 1800 GMT. The US Federal Reserve will be releasing the following: FOMC Economic projections FOMC statement Fed Funds rate (or Interest rates) The release followed up by the press conference, 30 minutes later. The big question on everyone's mind is whether the Federal ...

2015-09-17 John Benjamin Read more