Fed Leaves Benchmark Rates Unchanged but Poised to Increase at the March FOMC
Federal Reserve officials met yesterday for the last time under Chair Janet Yellen, voting unanimously to leave borrowing costs unchanged, as was expected by the markets. In the FOMC statement however, the word “further” was added twice to previous...
Fed December Statement Confirms Support for Continued Gradual Rate Hikes
The minutes of the Federal Open Market Committee’s 12th-13th December meeting revealed that most participants continue to support a “gradual approach to raising the target range” for the benchmark policy rate. Federal Reserve officials voted during the meeting...
Fed Set to Raise Rates with Strong Jobs Report
Providing the latest snapshot of the American economy, the U.S. Labor Department released its monthly nonfarm payrolls (“NFP”) jobs report on Friday morning U.S. time. Data showed that employers hired workers at a healthy rate in November, with NFP rising a...
Market Watching Sentiment on Inflation as Fed Officials Speak this Week
Federal Reserve Chair Janet Yellen testifies before the congressional Joint Economic Committee in Washington this week, leading a busy lineup of central bankers speaking this week, together with Yellen’s nominated successor Jerome Powell. Amongst the topics hotly...
