The Federal Open Market Committee Issued Its Monetary Policy Statement and Held Rates Steady at 5.50%… After the announcement, the future probability of a rate cut rose to 67%. What it means— Did ...
Week In Review – February 12 2024
Federal Reserve Chair Jerome Powell Gives Interview on Television Show 60 Minutes… Powell discussed where we are in the monetary cycle and the forecasts of the voting members of the Federal Open ...
Week In Review – December 18 2023
The Federal Reserve Held the Overnight Rate to a Range of 5.25% to 5.50% and Signaled Rates Will Go Lower Next Year… The all-important “dot plot” showed the consensus for the overnight rate at the end ...
Week In Review – November 27 2023
Federal Reserve Released Minutes From Latest Meeting… Central bankers emphasized caution and holding rates higher for longer than in the past. What it means— Nothing; it means nothing. The minutes ...
Week In Review – November 14 2023
Last Week’s Positive Momentum Based on the Treasury Issuance Announcement Carried Over to This Week… The changes drove hedge funds and institutions from net short to net long, pushing yields down and ...