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Gilts Slammed After Bank of England Meeting

31st  January 2020 Gilts were slammed by the BoE meeting, which turned out to be a modestly hawkish-hold. Vote was 7-2 to keep stable. Bank spoke of rebound in global growth and bounce in the UK. The next cut is now only fully priced for December...

FOMC Market View? Higher Chance of Cuts After January Meeting

The January FOMC meeting played out largely as-expected with the target range unchanged but the Reverse Repo Rate (RRP) & Interest on Excess Reserves (IOER) adjusted higher by +5bps.  Market reaction saw yields slide further across the curve...

BoE January Preview: Everyone agrees, very close call on rates

29th January 2020 Thursday, January 30th: Policy Decision & MPR release: 12:00 GMT; Press conference 12:30 GMT Current Policy: Bank Rate: 0.75%; Asset Purchase Programme: £435bn; Corp Bond Purchases: up to £10bn In Brief:

• Analysts

FOMC Meeting Preview and Street Views – Policy remains in a ‘good place’ though an IOER ‘tweak’ may be in store

28th January 2020 FOMC: At 14:00NY/18:00LDN – Rate decision and statement release. No updated SEPs or ‘dots’. Chair Powell’s press conference will begin at 14:30EST/19:30GMT. In Brief -target range to be left unchanged at 1.50-1.75 in a unanimous decision...

ECB January Meeting Preview: No Fireworks; Strategic Review

21st January 2020 Policy Announcement: Thursday Jan 23^rd, 12:45 BST / 07:45 ET;  Press Conf: 13:30 BST / 08:30 ET Current Rates: Deposit -0.50%, Main Refinancing 0.00%, Marginal Lending Facility 0.25%. In Brief:

• Analysts unanimously expect no change

Beckner: Beige Book Highlights Inflationary Straws in the Wind

30^th May 2018 By Steven K. Beckner Unmistakable, albeit anecdotal, signs of intensifying wage-price pressures are on display in the Fed's "beige book" survey of conditions in its 12 districts through May 21. The findings, summarized by the Cleveland...

Beckner: Beige Book Highlights Inflationary Straws in the Wind

By Steven K. Beckner Unmistakable, albeit anecdotal, signs of intensifying wage-price pressures are on display in the Fed's "beige book" survey of conditions in its 12 districts through May 21. The findings, summarized by the Cleveland Federal Reserve...

Beckner: Global Downside Risks Could Alter Fed Policy If They Intensify

29^th May 2018 By Steven K. Beckner The Federal Reserve primarily pursues a domestic mandate of maximum employment and price stability, and its policymaking Federal Open Market Committee has been projecting at least three federal funds rate hikes this...

Beckner: FOMC Minutes Imply June Hike; OK If Inflation Overshoots

- Hint At Coming Communication Changes 23^rd May 2018 By Steven K. Beckner The long-awaited arrival of 2% inflation cheered Federal Reserve policymakers at their May 1-2 Federal Open Market Committee meeting and confirmed their inclination to raise...

Beckner: Clarida Vows 'Balanced Approach' To Rate Normalization

15^th May 2018 By Steven K. Beckner Nothing terribly revealing emerged from Tuesday's confirmation hearing for two of President Trump's nominees to fill seats on the short-handed Federal Reserve Board. Richard Clarida, nominated to succeed Stanley...

Beckner: "Comfortable" Bostic, Others Show Rate Hike Flexibility

7^th May 2018   By Steven K. Beckner AMELIA ISLAND, FLA. - Though the Federal Open Market Committee left the federal funds rate unchanged last Wednesday, the Federal Reserve's policymaking body signalled it will raise rates further this year,...

Beckner: With Inflation at 2%, FOMC Sets Stage for Higher Rates

2^nd May 2018 The Federal Reserve could have given a blunter signal that it will raise interest rates next month, but its rate-setting Federal Open Market Committee clearly, if subtly, opened the door to a June rate hike as it concluded two days of meetings...

Beckner: FOMC To Evaluate Forecasts, Rate Projections In Light Of Data

26^th April 2018 By Steven K. Beckner There is almost no chance the Federal Reserve will raise interest rates at its third Federal Open Market Committee meeting of the year, but the deliberations of Chairman Jerome Powell and his fellow policymakers...

Beckner: Beige Book Suggests Inflationary Straws In The Wind

By Steven K. Beckner

Beckner: Fed To Have Solid Leadership Team With Clarida As Vice Chair

By Steven K. Beckner

Beckner: Erstwhile Fed Dove Rosengren Raises Inflation Alarm

By Steven K. Beckner

Beckner: Showdown Looms on Confirmation of Hawkish Fed Board Nominee

11th April 2018 By Steven K. Beckner The word is that the Senate will vote in May on Marvin Goodfriend's nomination to become a member of the Federal Reserve Board of Governors. Goodfriend, former Richmond Federal Reserve Bank director of research,...

Beckner: Minutes Show Some Sentiment For 'Steeper' Hikes, But Fed Still Cautious

By Steven K. Beckner

Beckner: Designated Dudley Successor Lays Out Case for Continued Rate Hikes

6th April 2018 By Steven K. Beckner San Francisco Federal Reserve Bank President John Williams made clear Friday he will back continued gradual but steady monetary tightening when he becomes New York Federal Reserve Bank President in a few months. ...

Beckner: Upbeat Powell Pledges 'Patient Approach' to Raising Rates

By Steven K. Beckner