Archive for FOMC

FOMC Voters 2012 Dove Hawk Scale

The Federal Reserve’s Open Market Committee changes dramatically in 2012. Gone are Evans (the most dovish member of the FOMC), Fisher, Plosser and Kocherlakota (the Trio of hawks) and in comes Lacker, Pianalto, Lockhart and Williams. Three hawks and one dove will now be replaced with three doves and one hawk. We can [...]

FOMC, ECB, RBA Meetings: What is Priced in?

The Federal Reserve, European Central Bank and the Reserve Bank of Australia have monetary policy meetings scheduled this week and some investors expect these central banks to change monetary policy. Here’s what the market is pricing in according to interest rate futures. You can compare them with the Central Bank expectations back in September. [...]

FOMC Statement: The Key Changes

Here is my annotated version of the key changes to the June 2011 FOMC Statements

Charts: How End of QE Could Impact EURUSD and USDJPY

By the end of this month, the Federal Reserve will have completed its asset purchase program, bringing its second round of Quantitative Easing to an end. As QE2 draws to a close, it is worthwhile to consider how the dollar could react. When the first round of Quantitative Easing came to an end, [...]

Comparing the FOMC Statements - Jan 2011

Curious about the changes in the FOMC statement? I did the work for you and highlighted the ONLY things that changed from December and whether it constituted an upgrade or downgrade

FOMC Statement December 14, 2010
Information received since the Federal Open Market Committee met in November confirms that the economic recovery is continuing, though at [...]

FOMC Voters 2011 Dove Hawk Scale

The FOMC rate decision is this afternoon and I have written a number of comments on what to look for and the potential outcome for the first FOMC announcement of the year. The 2 major things to watch are a) the Fed’s assessment of the economy and b) any dissenters. If the Fed [...]

FOMC Statement: What Were the Changes

Here are the changes on the FOMC statement - as you can see, not much

US Economy: Changes Since Last FOMC Meeting

As we speak, the Federal Reserve is convening to discuss monetary policy. No changes are expected to be made but as usual, investors will be combing the FOMC statement carefully for clues on the central bank’s outlook for the U.S. economy. The following table shows how the U.S. economy has changed since the last [...]

Fed Officials: Where do they Stand?

How close is the Federal Reserve to easing monetary policy in November? Pretty close if we look at the views of different FOMC members. However the skepticism of some officials could compromise the overall size of the asset purchase program.
Read on to find out where FOMC voters stand:
Voting Members of the FOMC
Believe More QE [...]

Compare the FOMC Statements

For my Instant Insight to the Fed announcement, read Dollar Sinks of Fed’s Willingness to Do More

FOMC Statement August 10, 2010
Information received since the Federal Open Market Committee met in June indicates that the pace of recovery in output and employment has slowed in recent months. Household spending is increasing gradually, but remains constrained by [...]