Tag Archives: FOMC
HSBC USA: US FOMC Meeting Preview – What can the Fed do?
Following S&P’s decision to downgrade the sovereign credit rating for the US, Fed policymakers are unexpectedly faced with a meltdown in the stock market and worries about a double-dip recession. Since the stock market decline is not disrupting the banking system, the FOMC is likely to focus on economic conditions in formulating policy. Most FOMC […]
Economic Briefing: FOMC Expressing Guarded Optimism
The FOMC’s view appears to be that the recent slowdown in growth will subside in the coming quarters and the recovery will pick up, although the Fed Chairman acknowledged in his press conference that the Greek debt situation and other headwinds at work continue to represent challenges ahead.
US Economics Digest – FOMC Decision: Beyond the Special Factors
As expected, the Federal Open Market Committee voted unanimously for unchanged balance sheet and interest rate policy. The FOMC announced that “QE2” will reach its definitive conclusion at the end of this month, as originally planned; Fed Chairman Bernanke in his press briefing actively downplayed any speculation about QE3.
GS US Daily: FOMC Preview: Balancing Act
Chairman Bernanke’s second post-meeting press conference could prove more challenging than the first, given unfriendly data and the end of QE2. We do not expect major shifts in the policy message, but several tweaks seem likely in light of recent news.