Bank of American Merrill Lynch on today’s FOMC meeting The FOMC statement is due out at 2 pm ET (1900 GMT) and virtually everyone expects something more dovish but how much more is a matter of debate. Economists at Bank of America Merrill Lynch fear it won’t be enough to keep markets happy.
A look at the FOMC decision Later today, we get the first Fed decision of the year, followed by a presser in which Jerome Powell will be grilled on the central bank’s outlook. While we expect there to be short term volatility around the event, ultimately, as far as live decisions go, this shouldn’t be…
After the CPI from Australia next week, , there is a weekend and then a flurry of RBA activity: preview here – Policy meeting is Tuesday February 5 – Reserve Bank of Australia Governor Lowe speaks on February 6 Westpac expect the RBA to be on hold.
Draghi answers questions in the ECB press conference The guidance about hiking after the summer remained in the statement but it sounds like that’s going to be removed or extended unless the data turns around between now and the March
Further comments by Villeroy – ECB will probably downgrade GDP forecast in March – Part of Eurozone slowdown is temporary – ECB will be very pragmatic n implementing policy ForexLive
ECB governing council member Villeroy speaks on French television – Reduction of stimulus will be very gradual – We remain committed to keeping interest rates low ForexLive
Comments by ECB governing council member Benoit Coeure – Jury is still out on how persistent the slowdown will be – Too early to discuss whether ECB will hike rates this year ForexLive
Central bankers to speak European Central Bank President Mario Draghi will speak at the top of the hour in Brussels at European Parliament. Expect the regular grilling but a departure from last week’s message is unlikely.
No mention of Moody’s or Fitch Ratings in their statement With Chinese economic growth and FDI already seen struggling last year, authorities are likely to need further support from foreign participation/investment to boost growth this year. Hence, explaining part of the reasoning in the decision here.
The Federal Open Market Committee meeting announcement is due 30 January 2019 at 1900GMT – Fed Chair Powell news conference follows at 1930GMT Earlier post on what Morgan Stanley are looking for: