FOMC

Ask A Fool: What Is The Federal Funds Rate And Why Does It Matter So Much?

When you hear that the Federal Reserve "raised rates" or "cut rates," what actually happened is that the Federal Open Market Committee changed the target range of the federal funds rate.This is the interest rate that banks charge other banks to...
Related topics: Fed, Banking

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How The Fed Is Now Underwriting Trump's Trade War, In One Chart

Last week, in the aftermath of the FOMC statement which to justify the "most pointless rate cut in the history of the Fed" blamed the Fed's first rate cut cycle in 12 years not on the resilient US economy but on "global developments" we said that "Th
Related topics: Fed

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Succinct Summation Of Week’s Events For 8.2.19

Succinct Summations for the week ending August 2nd, 2019 Positives: 1. FOMC cuts rate 25 basis points, spurring trader hopes of “lower for longer.” 2. Non-farm payrolls rose 164k m/o/m, above the expected 151k. 3. Personal income rose...

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Fomc Statement: 25bp Decrease

FOMC Statement: Information received since the Federal Open Market Committee met in June indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent...

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Fomc Cuts Fund Rates For First Time In 10+ Years

As expected, the Fed's open market committee on Wednesday raised the Fed funds rate by a quarter-point while leaving open the possibility of future cuts if needed to sustain the U.S. economic...
Related topics: Fed

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Your Last Minute Fomc Preview: Here Is What The Fed Will Say Today

The FOMC will almost certainly cut the funds rate by 25bps to 2.00-2.25% today at 2pm. Whereas banks such as Goldman, BofA and Deutsche Bank expect a 25bp move - because virtually all of the signals from the committee point that way - there are...
Related topics: Fed, Banking, Bank Of America, Deutsche Bank

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Wednesday: Fomc Announcement, Adp Employment, Chicago Pmi

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 8:15 AM, The ADP Employment Report for July. This report is for private payrolls only (no government)....
Related topics: Mortgages

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Fomc Preview

Expectations are the FOMC will cut the Fed Funds rate 25bp at the meeting this week.Here are some comment from Professor Tim Duy: It’s Rate Cut Week Bottom Line: Look for 25bp from the Fed this week with a signal that they are prepared to do more...
Related topics: Fed

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Here's Why The July Federal Reserve Meeting Could Be A Major Stock Market Event

The Federal Reserve's policy-making Federal Open Markets Committee, or FOMC, is set to conduct its two-day meeting on Tuesday and Wednesday, July 30 and 31, with the latest interest rate decision due at 2 p.m. EDT on Wednesday.If you've been...
Related topics: Fed

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Trump Slams Fed, "king Elijah" & "conman" Al Sharpton In Furious Twitter...

With one day left until the FOMC begins its two-day monetary policy meeting - said to be the most important policy meeting since the days that immediately followed the financial crisis - President Trump once again slammed the Fed in a tweet, echoing...
Related topics: Fed, Social Media

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What Is The Federal Reserve Thinking Right Now?

The Federal Reserve is not an intelligence: it does not think. Individual members of the Federal Open Market Committee, however, do think. And the center of gravity of their individual thoughts now runs something like this: 1980-1985 was a...
Related topics: Fed

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World's Central Bankers Hold Breath Ahead Of Us Gdp Report

Authored by Richard Breslow via Bloomberg, It’s rather extraordinary that so many people are still debating the various scenarios of the impact that U.S. GDP will have on which policy choice the FOMC is likely to make next week. Barring a...
Related topics: Bloomberg

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Fed Watchers Should Keep An Eye On The Ioer-sofr Spread

Regular Alt-M readers are no doubt looking forward to the FOMC’s announcement next Wednesday. But I doubt they’ll be sitting at the edges of their seats between now and then, much less biting their fingernails. Markets have, after all, been...
Related topics: Fed

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The Algos Are Starting To Sell Stocks Ahead Of Next Week's Fomc

Over the weekend, we pointed out that in addition to the biggest conundrum facing markets in 2019, namely that the higher stocks rise, the greater the (now record) outflows from equity funds, there has recently emerged another especially bizarre...

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Maybe No Rate Cut In July?

Authored by Chris Whelan via TheInstitutionalRiskAnalyst.com, We caused a bit of a fuss last week on CNBC by suggesting that the Federal Open Market Committee will not cut the target for Fed funds this month.  We suggested instead that the...
Related topics: Cnbc, Fed

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Bull Of The Day: United Airlines (ual)

Heading into this earnings season, there are some very lofty expectations. This season kicks off just ahead of one of the most important FOMC meetings of the last five years. The market is up at all-time highs and investors will be seeking...

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Cavalier Attitudes

Submitted by Michael Every of Rabobank The combination of surprisingly dovish comments from Fed Chair Powell and the tone of the June FOMC minutes reassured the market about the prospect of some policy stimulus at the end of the month.  In...
Related topics: Fed

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Fomc Minutes: "the Case For Somewhat More Accommodative Policy Had Strengthened"

From the Fed: Minutes of the Federal Open Market Committee, June 18-19, 2019. A few excerpts: In their discussion of monetary policy decisions at this meeting, participants noted that, under their baseline outlook, the labor market was likely to...
Related topics: Fed

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Morgan Stanley Calls For 50bps Of Rate Cuts In Three Weeks

Now that Powell telegraphed a rate cut at the July 30/31 FOMC meeting is virtually certain, the question is whether the Fed will cut once or twice. And while many still believe that the Fed's "insurance" cut will be just 25bps, or 1 rate cut, as...
Related topics: Morgan Stanley, Fed

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It's Recession, Not No-flation, That Is Scaring The Fed

Via Bloomberg's Richard Breslow, What a unique situation we get to witness over the next two days. The market assumes that the FOMC meeting is being held early. And that is largely true. With the one caveat that if the reaction of asset prices...
Related topics: Fed, Bloomberg

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