Tag Archives: FOMC

The last week of April is eventful. The Reserve Bank of New Zealand, the Federal Reserve and the Bank of Japan hold policy meetings.  The UK, eurozone, and the US provide the first estimates of Q1 GDP. Japan, the eurozone, and Australia report consumer prices, while the US updates the Fed’s preferred (targeted) inflation measure, the core deflator of personal consumption expenditures.   These events will not take place in a vacuum.  The backdrop is an improving tone in the global capital...

Macroview The Fed no longer considers that the risks to the outlook are ‘balanced’. However, yesterday's statement was not particularly dovish. After its meeting earlier this week, the Federal Open Market Committee (FOMC) published a statement where, as widely expected, it acknowledged that “economic growth slowed late last year”. It also added a comment that “the Committee is closely monitoring global economic and financial developments and is assessing their implications for the labor...