Take-Aways from the Fed's Minutes: Increase in Uncertainty
The market may have already done the Fed’s job of tightening.
Key Take-Aways from Today’s Monetary Policy Report
Semi-annual testimony highlights data dependency; “Monetary policy is by no means on a preset course.”
BoE cuts inflation and growth forecasts
The Bank of England cut its inflation and growth forecasts for 2016, at the same time the European Commission cut its forecast for UK growth too.
Take-Aways from the IBO’s Latest Forecast for NYC
There is slowing employment growth on the horizon.
U.S. Consumer Price Inflation: Steady for Now, Oil Effects to Wane
Most of oil price’s decline occurred before 2015, so there will be no negative base effects early in 2016.
Fed Cred: On the Hook for a December 16th Move
Provided that there are no violent swings in global financial markets and nothing changes the outlook for a slow, but steady return to 2% inflation, a December hike is likely to materialize.
U.S. Payroll Report Provides Ammunition for December Rate Hike By the Fed
Friday’s nonfarm payroll report in the U.S. provided an “all clear” for the Federal Reserve to undertake the first rate hike since 2006.
What Changed in October's Fed Statement?
The Committee expects that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators continuing to move toward levels the Committee judges consistent with its dual mandate.
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