September FOMC is repeat of July, disappointing and USD bearish

Sep 17, 2015 22:16 pm UTC| Commentary

The Fed left rates on hold - that much was mostly expected (futs were 70% priced for that outcome). But the statement that accompanied it was about as dovish as it could be, set against ongoing labour market improvement,...

Fed rate hike: If not now, when? A December lift-off is expected.

Sep 17, 2015 21:55 pm UTC| Commentary

The FOMC claims that its outlook for the US economy is "not fundamentally altered" and the risks are still "nearly balanced." And yet, the Committee appears to be more concerned about the downside risks - notably the...

Fed review: rates on hold now but first hike imminent

Sep 17, 2015 21:22 pm UTC| Commentary

Although the Fed decided to pass on raising rates today, the central bank remains on track for a rate hike this year. The central bank still seems to give more weight to the almost full achievement of its maximum...

Federal Reserve leaves rates on hold, citing downside to growth from global and financial developments

Sep 17, 2015 20:53 pm UTC| Commentary

In a close and much anticipated decision, the Federal Open Market Committee (FOMC) left the fed funds rate at its current target range of 0 to ¼ percent. All other aspects of monetary policy including the...

September FOMC: Rate hike not now, but when?

Sep 17, 2015 20:34 pm UTC| Commentary

The committee upgraded its assessment of economic activity, in line with the stronger pace of incoming data. It described economic activity as having expanding at a moderate pace. The FOMC sees a range of labor market...

Russia's real sector data point to possible recession trend moderation

Sep 17, 2015 15:17 pm UTC| Commentary

Real sector data for August were mixed. Business indicators were better, implying positive momentum change, with the rate of decline moderating. In particular, real investment improved to -6.8% y/y from -8.5% in July, much...

Philly Fed manufacturing index falls, while survey details remain positive

Sep 17, 2015 14:58 pm UTC| Commentary

The Philly Fed manufacturing index fell to -6.0 in September, well below forecast (6.0) and consensus expectations (5.8), while the details of the survey suggest actual activity held up. The headline measure of general...