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Posts Tagged ‘ Statement ’

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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FOMC Statement: Slowdown “in part reflecting transitory factors”

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FOMC Statement: Slowdown “in part reflecting transitory factors”

I was out, but no surprises. FOMC Statement: Information received since the Federal Open Market Committee met in March suggests that economic growth slowed during the winter months, in part reflecting transitory factors. The pace of job gains moderated, and the unemployment rate remained steady. A range of labor market indicators suggests that underutilization...
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Wednesday: FOMC Statement

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Wednesday: FOMC Statement

I don’t expect much to change in the FOMC statement. I expect “patient” to remain: “Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy.” And this sentence will probably be dropped (it seemed like a one time transition sentence): “The Committee...
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Wednesday: GDP, FOMC Statement, ADP Employment and more

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Wednesday: GDP, FOMC Statement, ADP Employment and more

Here are two excellent articles. Really long term readers (back in 2005 and 2006) will remember my posts about contacting regulators about housing, and discussions of the Non-traditional Mortgage Guidance (when it was finally released). The first article mentions Janet Yellen’s reaction to the guidance.  Yellen had the same reaction as Tanta to the guidance (my former...
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