Summary Labor market remains strong with solid job gains. (no change) Economic activity has been rising at a moderate rate. (no change) Unemployment rate has remained low. (no change) Growth of household spending has been rising at a strong pace. (changed) Growth of...
Central Bank
ECB Press Conference October 24, 2019 – What Has Changed?
Summary As reflected in the new staff projections, expecting a more protracted weakness of the euro area economy, the persistence of prominent downside risks and muted inflationary pressures with further downgrade of the inflation outlook. (changed) Lowers the...
FOMC September 2019 Press Release Language Change
Summary Labor market remains strong with solid job gains. (no change) Economic activity has been rising at a moderate rate. (no change) Unemployment rate has remained low. (no change) Growth of household spending has been rising at a strong pace. (changed) Growth of...
ECB Press Conference September 12, 2019 – What Has Changed?
Summary · As reflected in the new staff projections, expecting a more protracted weakness of the euro area economy, the persistence of prominent downside risks and muted inflationary pressures with further downgrade of the inflation outlook. (changed) · ...
FOMC July 2019 Press Release Language Change
FOMC cut rates by 25bp and stopped shrinking its balance sheet 2 months earlier than scheduled. The market was hoping for more cuts and more clarity in the policy path going forward from Chair Powell and received neither. It is well recognized that the U.S. economy...
ECB Press Conference July 25, 2019 – What Has Changed?
Summary Keep ECB interest rates unchanged and expect them to remain at their present or lower levels at least through Q2 of 2020. (unchanged) Intends to continue reinvesting, in full, the principal payments from maturing securities purchased under the asset purchase...
FOMC June 2019 Press Release Language Change
Here we have highlighted the changes in the June 19, 2019, FOMC Press Release
ECB Press Conference June 6, 2019 – What has changed?
What has changed since the last meeting on April 10, 2019?
FOMC May 2019 Press Release Language Change
Here we have highlighted the changes in the May 1, 2019, FOMC Press Release.
ECB Press Conference April 10, 2019 – What has changed?
What has changed since March 7, 2019?
FOMC March 2019 Press Release Language Change
Here we have highlighted the changes in the March 20, 2019, FOMC Press Release.
The FOMC is Reviewing its Toolbox of Policy Goodies
Since we do not expect an economic recession in the U.S. until 2021 and beyond, we are hopeful that any new policy tools or retooling of the existing policy goodies will be ready for prime time.
ECB Press Conference March 7, 2019 – What has changed?
Here we have highlighted the changes from the January 24, 2019, ECB Press Conference.
FOMC January 30, 2019, Press Conference Prepared Remarks
2019 begins the Era of Powell Transparency. In his first of eight “live” FOMC meeting press conferences this year, Chairman Powell stated that the FOMC is “committed to clearly explaining what we are doing and why we are doing it, both regarding the path of rates and...
FOMC January 2019 Press Release Language Change
Here we have highlighted the changes in the January 30, 2019, FOMC Press Release.
FOMC December 2018 Press Release Language Change
Here we have highlighted the changes in the December 19, 2018, FOMC Press Release.
FOMC November 2018 Press Release Language Change
Here we have highlighted the changes in the November 8, 2018, FOMC Press Release.
FOMC September 2018 Press Release Language Change
Here we have highlighted the changes in the September 26, 2018, FOMC Press Release.
FOMC August 2018 Press Release Language Change
Here we have highlighted the changes in the August 1, 2018, FOMC Press Release.
BOJ Press Conference July 31st – Committed to Stay The Course and be Flexible
Here is the Bank of Japan Policy Board’s press release on July 31, 2018.