The Federal Open Market Committee hiked again today but the dots , statement and comments indicate a slower 2019 for hikes Earlier post on the response from Goldman Sachs:
Comments from Powell – Strong economy benefitting many Americans – We have seen some developments that suggests some softening – Financial market volatility has increased He doesn’t sound like someone who is about to hit the pause button. He emphasized that the Fed
Powell answers questions on December 19, 2018: – Inflation a bit below target gives the Fed room to be patient – We still have a positive forecast on growth with GDP above potential Powell is starting to take a more-dovish tone.
Powell will deliver a statement then take questions from the press ForexLive
The Bank of Japan meeting concludes today. The Bank does not have a set time for its end nor the statement. But … you can expect the announcement some time between 0230GMT and 0330 GMT.
Highlights of the FOMC forecasts GDP forecasts: – 2018 3.0% vs 3.1% – 2019 2.3% vs 2.5% prior – 2020 2.0% vs 1.8% prior Inflation: – 2018 1.9% vs 2.0% prior The details:
Another preview of the Bank of Japan meeting that concludes today. There is no scheduled time for the announcement, but here is a guide: And, earlier previews here:
Bank of America / Merrill Lynch on the Fed today. I posted the Goldman Sachs take here earlier: BoAML (bolding mine): The Fed hiked rates while signalling a lower path
Responses to the Federal Open Market Committee continue, this via GS (just a quick one) FOMC raised the funds rate target range to 2¼% -2½% median dot in the Summary of Economic Projections now shows a 2-1 baseline for rate hikes in 2019-2020, compared to 3-1 in September
The BOJ meeting finishes at … no-one knows! Yes, really, there is no scheduled time for the announcement. Here is a guide to when to expect it: What to expect? Not much, the BOJ may tinker around the edges but policy will remain loose.