Market News

Powell Q&A: Inflation is barely moving up notwithstanding unemployment at 50-year lows


Economy is different from 1998; less need for rate hikes Correlation between slack and inflation is weak but exists Repo issues unlikely to have a macro affect on economy  Repo markets have been functioning well in last couple months  We think pressures app...

11 Dec 19 (Wed)

07:46 pm

Powell opening statement: US economic outlook remains favorable


Fed Chair Powell: Our economic outlook remains favorable Monetary policy is positioned well  Business investment and exports are weak Manufacturing output has declined We expect moderate growth to continue Pace of job ga...

11 Dec 19 (Wed)

07:34 pm

FOMC economic projections: Forecasts unchanged for inflation, GDP over forecast horizon


Median view of appropriate fed funds rate at the end of 2019 is at 1.6% (previous 1.9%). Median view of fed funds rate at the end of 2020 is at 1.6% (previous 1.9%). Median view of fed funds rate at the end of 2021 at 1.9% (previous 2.1%). Median view of fed funds ra...

11 Dec 19 (Wed)

07:11 pm

Federal Reserve signals no rate hikes in 2020, just one in 2021


"The Committee will continue to monitor the implications of incoming information for the economic outlook, including global developments and muted inflation pressures, as it assesses the appropriate path of the target range for the federal funds rate" No changes in the economic outlook...

11 Dec 19 (Wed)

07:07 pm

FOMC leaves Fed funds rate at 1.50%-1.75%, as expected


Rates are appropriate to support labor market  Business investment continues to be weak Spending is strong  First unanimous decision since May meeting  Will continue to watch muted inflation and global growth  Labor market remains solid

11 Dec 19 (Wed)

07:03 pm

Fed Interest Rate Decision


Actual: 1.75% Forecast: 1.75% Previous: 1.75%

11 Dec 19 (Wed)

07:00 pm

The Fed Interest Rate Decision will be published in 30 minutes.


There is no interest rate change expected from the Fed. Federal Reserve Chair Powell made clear before that there would be no further cuts to U.S. interest rates barring a major deterioration in the economy. Powell will hold a press conference following the meeting, with awaiting his insights on the...

11 Dec 19 (Wed)

06:30 pm

US Crude Oil Inventories


Actual: 0.822M Forecast: -2.763M Previous: -4.856M

11 Dec 19 (Wed)

03:32 pm

US Core CPI in November stayed unchanged at 2.3% as expected


The US Consumer Price Index rose to 2.1% on a yearly basis in November from 1.8% and came in higher than the market expectation of 2% The US Core CPI, which excludes volatile food and energy prices, stayed unchanged at 2.3% as expected.

11 Dec 19 (Wed)

01:37 pm

US Core CPI (YoY) (Nov)


Actual: 2.3% Forecast: 2.3% Previous: 2.3%

11 Dec 19 (Wed)

01:30 pm

US CPI (YoY) (Nov)


Actual: 2.1% Forecast: 2.0% Previous: 1.8%

11 Dec 19 (Wed)

01:30 pm

Coming Up: US CPI Inflation


We will closely watch the US CPI inflation figures today, which should lend further support to the notion that inflation has returned to the Fed’s target. Consumer prices are expected to have risen 0.2% last month and 2.0% over the prior year, according to estimates. Excluding the cost...

11 Dec 19 (Wed)

01:20 pm

Breaking News


OPEC says its November oil output fell by 193kbpd to 29.55mbpd, while they forecast 2020 demand for its crude to be unchanged at 29.58mbpd

11 Dec 19 (Wed)

01:05 pm

Comments by BOJ governor, Haruhiko Kuroda, in Tokyo


BOJ's Kuroda: Overall 2020 outlook seems to be relatively bright Positive signs are seen for the global economy

11 Dec 19 (Wed)

09:47 am

Headlines the Economic Calendar on Wednesday


1. U.S. Consumer Price Index We will closely watch the US CPI inflation figures today, which should lend further support to the notion that inflation has returned to the Fed’s target. Consumer prices are expected to have risen 0.2% last month and 2.0% over the...

11 Dec 19 (Wed)

06:22 am

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