FMI’s commentary on today’s FOMC post-meeting statement and Yellen news conference.
FMI’s analyses of today’s August Housing Starts report plus notes on the September Philadelphia Fed regional non-manufacturing survey.
FMI's preview of the rest of this week’s major data releases.
FMI’s Commentary on the today’s Minutes of the Fed’s recent discount rate meetings.
FMI’s Commentary on today’s quite revealing Minutes of the July FOMC meeting.
FMI’s commentary on today’s FOMC post-meeting statement.
At their June meeting, FOMC members, hawks and doves alike, seemed to be in full retreat. In the “dot plot,” every member scaled back their expected future increases in the funds target in the near-, medium- and long-term. The median number of rate hikes expected in 2016, which went from four in the December 2015 dot plot to 2-3 in March 2016, crumpled to barely two +25BP moves expected in June. Many observers, not to mention the Fed futures market, scoffed at the FOMC’s resolve to do even that.