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FOMC Preview

The FOMC will likely concede the more difficult U.S. and global economic outlook, but most analysts expect actual policy initiatives to be more symbolic than real. The easiest gesture would be to push the projected likely start of rate tightening further into the future. Such has been no sooner than “late 2014” since January 2012 when the timing was modified from mid-2013. At the prior meeting on June 20, officials retained the projection of moderate expansion this year but downgraded views about the labor market and household spending. Since that meeting, the dollar has advanced 3.2% against the euro and fallen 1.3% versus the yen. In June, officials agreed to extend Operation Twist for six months to the end of this year, and they can take satisfaction that the 10-year Treasury yield is 15 basis points lower now than then. Richmond Fed President Jeffrey Lacker reaffirmed his dissenting vote in June, claiming continuing opposition to the maturity extension program. Oil prices are 6.8% higher than at the time of the last FOMC meeting.

EUR/$	$/JPY WE RECOMMEND THE VIDEO: CMRFOREX- What is Forex? The Cameroon Kingofpips is giving out a brief introduction to Forex trading. Cameroon online school of Forex is the best Forex school in Cameroon. Contact us ...	10Y, %	DJIA	Oil, $
06/30/04	1.2173	109.44	4.63	10396	37.95
06/30/05	1.2090	110.89	3.96	10370	57.00
06/29/06	1.2527	116.07	5.20	11077	73.41
06/28/07	1.3452	123.17	5.10	13456	69.82
08/07/07	1.3749	118.55	4.73	13510	72.27
09/18/07	1.3888	115.75	4.51	13475	81.42
10/31/07	1.4458	115.28	4.42	13873	93.59
12/11/07	1.4682	111.49	4.11	13645	89.78
01/30/08	1.4792	107.31	3.70	12454	91.70
03/18/08	1.5786	98.73	3.41	12257	107.53
04/30/08	1.5562	104.58	3.83	12953	111.54
06/25/08	1.5568	108.37	4.18	11837	133.62
08/05/08	1.5445	108.42	3.97	11484	119.82
09/16/08	1.4144	105.16	3.36	10936	91.18
10/08/08	1.3625	99.87	3.50	9447	87.02
10/29/08	1.2933	97.15	3.81	9145	67.38
12/16/08	1.3790	90.14	2.52	8687	44.14
01/28/09	1.3253	90.01	2.61	8356	42.92
03/18/09	1.3115	98.13	2.94	7340	47.73
04/29/09	1.3331	97.06	3.02	8194	51.05
06/24/09	1.3984	95.43	3.59	8373	68.76
08/12/09	1.4221	96.17	3.71	9366	70.64
09/23/09	1.4779	91.50	3.50	9859	69.13
11/04/09	1.4884	90.75	3.51	9896	80.66
12/16/09	1.4542	89.78	3.56	10478	73.14
01/27/10	1.4045	89.49	3.61	10148	73.31
03/16/10	1.3756	90.64	3.67	10645	81.45
04/28/10	1.3157	94.10	3.75	11043	82.57
06/23/10	1.2284	90.12	3.13	10307	76.50
08/10/10	1.3107	85.85	2.81	10605	79.94
09/21/10	1.3132	85.21	2.66	10747	73.05
11/03/10	1.4059	81.35	2.53	11174	84.59
12/14/10	1.3423	83.37	3.38	11497	88.47
01/26/11	1.3658	82.55	3.41	12001	87.36
03/15/11	1.3969	81.04	3.29	11815	98.09
04/27/11	1.4665	82.63	3.36	12612	112.48
06/22/11	1.4392	80.12	2.97	12175	94.87
08/09/11	1.4234	77.09	2.36	10993	81.76
09/21/11	1.3778	76.34	1.93	11377	86.74
11/02/11	1.3724	78.11	2.03	11805	92.77
12/13/11	1.3067	77.92	1.98	12130	100.20
01/25/12	1.3027	77.96	1.97	12670	98.85
03/13/12	1.3096	82.76	2.08	13044	106.34
04/25/12	1.3226	81.37	1.97	13096	104.13
06/20/12	1.2693	79.28	1.66	12837	83.63
08/01/12	1.2299	78.22	1.51	13052	89.28

This entry was posted on Wednesday, August 1st, 2012 at 11:30 am and is filed under Central Bank Watch. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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Wednesday, 18 November 2020

FOMC Preview

WE RECOMMEND THE VIDEO: CMRFOREX- What is Forex?

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