Tag Archives: FOMC
FOMC preview: Once again Bernanke faces a communication challenge
Bernanke to repeat his message – maybe markets will listen this time The forward-looking parts of the FOMC statement are likely to remain unchanged but the description of current developments might see some changes.
Asset purchases tapered in June?
We expect the FOMC to taper asset purchases either at the June or September meeting.
The bulls strike back
Interest rates have been defying gravity for 1.5 months already. Even though the sell-off started from exceptionally low levels and is not totally without merits,
Bernanke: no cuts to QE yet
Despite recent improvement in the job market, the Fed has still little appetite for a slowing of the central bank’s bond purchases.
FX Daily Strategist: US
USD to weaken if Bernanke maintains this week’s theme of dovish Fed speak Chairman Bernanke testifies today at 14 GMT (10am ET) amid heightened focus on Fed exit planning.
Daily FX Update
BERNANKE IS FOCUS AS DOVISH TONE IS EXPECTED • USD mixed; decline vs EUR, SEK, NOK; strength vs CAD, AUD, GBP, JPY
Daily Points
KEY POINTS: – Markets tentatively await Bernanke – BoJ willing to address downside risks…
U.S. FOMC Leave Funds Target and Purchase Program Unchanged
– The Federal Market Open Market Committee (FOMC) maintained the fed funds target at 0.0% to 0.25%,
FX Morning Rundown
Quiet session overnight with a raft of holidays in Asia and Europe. The Nikkei is trading lower (-0.45%) on disappointing earnings from electronics major Sharp (-5.0%)
The Market Pulse
For the ECB, we think that the refi-rate will be cut by 25 basis points to 0.50%, while also some other measures aimed at repairing the transmission mechanism might be announced.
FOMC Preview
– We expect a softer tone at this week’s FOMC meeting but no change in policy. – A scale up in monthly asset purchases is not off the table but we do expect it to take more time with weak data.
FOMC preview: discussion but no action
We do not expect the FOMC to make any material changes to its postmeeting statement on 1 May (2pm New York, 7pm London, 4am Sydney on 2 May).