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Posts Tagged ‘ FOMC ’

Wednesday: FOMC Announcement, CPI

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Wednesday: FOMC Announcement, CPI

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, The Consumer Price Index for November from the BLS. The consensus is for a 0.4% increase in CPI, and a 0.2% increase in core CPI. • At 2:00 PM, FOMC Meeting...
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FOMC Projections and Press Conference Link

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FOMC Projections and Press Conference Link

Statement here. “In October, the Committee will initiate the balance sheet normalization program”. Yellen press conference video here. On the projections, projections for GDP in 2017 were increased. GDP projections of Federal Reserve Governors and Reserve Bank presidents Change inReal GDP1 2017 2018 2019 2020 Sept 2017  2.2 to 2.5 2.0 to 2.3 1.7...
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Wednesday: Housing Starts, FOMC Minutes

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Wednesday: Housing Starts, FOMC Minutes

Two notes from Tim Duy at Fed Watch. First a few excerpts from: Retail Sales, Dudley, Wages 5.) But – and I think this is important – financial conditions continue to easy despite rate hikes: Now the reason why I think you’d want to continue to gradually remove monetary policy...
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FOMC Projections and Press Conference Link

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FOMC Projections and Press Conference Link

Statement here. 25 bps rate hike. Yellen press conference video here. On the projections, projections for GDP in 2017 narrowed slightly. GDP projections of Federal Reserve Governors and Reserve Bank presidents Change inReal GDP1 2017 2018 2019 June 2017  2.1 to 2.2 1.8 to 2.2 1.8 to 2.0 Mar 2017 2.0 to 2.2 1.8 to 2.3 1.8...
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Wednesday: ADP Employment, ISM non-Mfg Survey, FOMC Minutes

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Wednesday: ADP Employment, ISM non-Mfg Survey, FOMC Minutes

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for March. This report is for private payrolls only (no government). The consensus is for 170,000 payroll jobs added in March, down from 298,000 added in...
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Wednesday: FOMC Meeting, Retail Sales, CPI, Homebuilder Survey and More

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Wednesday: FOMC Meeting, Retail Sales, CPI, Homebuilder Survey and More

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Retail sales for February will be released.  The consensus is for 0.2% increase in retail sales in February. • Also at 8:30 AM, The Consumer Price Index for February from...
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Merrill on the March FOMC Meeting

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Merrill on the March FOMC Meeting

A few excerpts from a research note from Merrill Lynch: The markets listened to the chorus of Fed officials and are now pricing in near certainty of a hike. With the rate decision on 15 March likely to be a non-event, attention turns to the Summary of Economic Projections and the press conference. We...
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Wednesday: Job Openings, FOMC Minutes

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Wednesday: Job Openings, FOMC Minutes

From Matthew Graham at Mortgage News Daily: Mortgage Rate Trend is Not Your Friend Mortgage Rates were higher again today, marking the 9th straight day without any improvement. 3.625% is quickly becoming the most prevalent conventional 30yr fixed quotes on top tier scenarios, though quite a few lenders remain at 3.5%.emphasis added Wednesday:• At...
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Wednesday: FOMC Announcement

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Wednesday: FOMC Announcement

Here is a Review of FOMC Projections And a few excerpts from a piece by Goldman Sachs economists Zach Pandl and Jan Hatzius: FOMC Preview: How Much Is Really a-Changin? e now see very low chances of a rate increase … By our count, seven FOMC participants would prefer to raise the funds rate...
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Wednesday: FOMC Statement, Industrial Production, PPI, Empire State Mfg

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Wednesday: FOMC Statement, Industrial Production, PPI, Empire State Mfg

From Tim Duy at Bloomberg: Not June, Not Likely July, More Likely September The best-laid plans can come undone by the tiniest of things. In this case a slip in the data—a low print on nonfarm payrolls that may prove no more than a statistical bump—put a June interest rate hike out of reach...
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