The Banking and Strategy Initiative

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Tag Archives: Federal Open Market Committee

US Economy: Bernanke’s Testimony at the Senate Banking Committee Day 1: No QE3 right now.

Read my Lips. We are the US regulator. We cannot regulate LIBOR which is run by the British. A flabbergasted Ben Bernanke would have probably used those words at home … Continue reading

July 17, 2012

Global Mid-Day report: FOMC minutes, London close downward trigger

Equities and Commodities are likely to continue reacting sharply in US markets after the minutes from the June 19,20 meeting were released. The FOMC had shorn US growth projections to … Continue reading

July 11, 2012

Ben Bernanke Speaks – FOMC June 2012

Forecasts for the US Ecoonomy at the June FOMC were down by as much as 0.5 % on GDP, with 2013 ¬†forecasts to 2.7-3.1% and 2012 data to 1.9-2.4% ¬†GDP … Continue reading

June 20, 2012

US Economy: Fed Announces Policy (FOMC June 20, 2012)

FOMC announcement as expected brought the horns on the Euro, honking down 5% in amatter of minutes. The FOMC seemed to have extended its dovish language for this meeting as … Continue reading

June 20, 2012

US Morning Report: Fed Proposes, Gold and Euro disposed off

Euro looks ripe for a run to 1.25 levels from 1.2710 right now as the markets begin the final hour to lap to the critical FOMC meeting where QE is … Continue reading

June 20, 2012

US Week ahead: Greece may yet be undecided, FOMC, Housing Starts and that dropping PMI

Trade Balance data from Italy dropped $0.7B to a few millions in deficit as the Export markets in EU have held on month but are down 5% for the year … Continue reading

June 15, 2012

US Economy: Higher Interest rates are here (likely!) and that guarantees growth

In what must gladden our and even Paul Krugman’s hearts, just two weeks ago a paper from our PM namesake and IMF Economist Manmohan Singh appeared to taser thru fixed … Continue reading

May 1, 2012

US Economy (EoD Review) : Romneytainment reaches key break, QE3 Denied, Auctions, Car Sales and Apple

The FOMC meeting minutes were keenly awaited and delivered the inevitable verdict that shut the markets down and it transpired that many were still expecting a bigger and better QE3 … Continue reading

April 3, 2012

US Economy: Markets near a record close as FOMC predictably upgrades economy

Markets get near to a successful record close above levels last seen in 2007 as Bernanke reiterates his last few dictums on the Economy while noting with concerns the lack … Continue reading

March 13, 2012

US Economy (EoD Review): US Budget Deficit back on track, 3 yr auction successful

Even as Receipts grew and expenses declined while Net Interest Payments grew, the February deficit was the highest in four years at $231.9 bln. The Budget Deficit on the Treasury … Continue reading

March 12, 2012