ECB Press Release March 11, 2021 - What Has Changed?

Summary The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00% t, 0.25% and -0.50%...


FOMC, January 27, 2021, Press Release - What Has Changed?

Summary Economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most adversely affected by the pandemic. (Change) Weaker demand and earlier decline...


ECB Press Release January 21, 2021 - What Has Changed?

Summary Reconfirms its very accommodative policy stance (Change) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility...


Quarterly Market Commentary - 2020 Q4

The recent experiences from 9/11, 2008 and 2020 should clearly remind us all that the future is unknowable.  Regardless of how smart, thoughtful and experienced one may be, predicting the future is...


FOMC, December 16, 2020, Press Release - What Has Changed?

Summary Economic activity and employment continued to recover but remain well below their levels at the beginning of the year. (No Change) Weaker demand and earlier decline in oil prices have been...


FOMC, November 5, 2020, Press Release - What Has Changed?

Summary Economic activity and employment have picked up but remain well below their levels at the beginning of the year. (No Change) Weaker demand and significantly lower oil prices are holding down...


FOMC, October 29, 2020, Press Release - What Has Changed?

Summary In the current environment of risks clearly tilted to the downside, the Governing Council will carefully assess the incoming information, including the dynamics of the pandemic, prospects for...


Quarterly Market Commentary - 2020 Q3

We had a V-shaped bounce after a sudden and steep fall, but the V-shaped bounce has not yet returned the U.S. or global economy back to pre-COVID-19 “normal” economic activities. We are also...


FOMC, September 16, 2020, Press Release - What Has Changed?

Summary Economic activity and employment have picked up but remain well below their levels at the beginning of the year. (No Change) Weaker demand and significantly lower oil prices are holding down...


ECB Press Release September 10, 2020 - What Has Changed?

No Change The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50%...