Philip Chua Business Blog

Posts Tagged ‘meeting’

The FOMC minutes of the meeting on 27 January will be quite interesting because one member, Thomas Hoenig, dissented. He was not voting for higher rates, but against the policy commitment as expressed in the phrase “exceptionally low levels of the federal funds rate are warranted for an extended period”….

Stocks could struggle to make headway this week if a meeting of European finance ministers fails to reassure markets that they can contain Greece’s debt problems.

Greece – Wall Street – Drama – Government – European Union

The key focus in the UK this week is likely to stem from the minutes of the MPC’s January meeting. It is expected that the headline votes for an unchanged Bank Rate of 0.5% and for an unchanged Asset Purchase Facility (of £200bn) were unanimous. However, the detail may shed…

At this week’s meeting, the FOMC will probably leave the fed funds rate close to zero. Furthermore, the statement is likely to reiterate that rates are set to remain at extraordinarily low levels for an extended period. In his latest speech, Fed president Bernanke stated that the recovery would continue…

This week sees a particularly busy calendar in the UK, featuring the Chancellor’s Pre-Budget Report (PBR) and the latest Monetary Policy Committee (MPC) meeting. We look for Bank Rate to remain on hold at 0.5% while the MPC continues with its £200bn programme of asset purchases. The PBR, meanwhile, will…

THE war of the Reits between MacarthurCook Industrial (MI-Reit) in one corner and Cambridge Industrial Trust (CIT) in the other hit a new level yesterday when both firms called trading halts to make announcements.
Their simmering row has mostly been confined to full-page newspaper advertisements but it has intensified in the run-up to Monday’s key meeting to vote on MI-Reit’s financing plans.
CIT … more

The key focus in the UK will be the publication of the MPC’s minutes of the November policy meeting. Although the tone will draw heavily from the points already made in last week’s Inflation Report, the debate ahead of the minutes will centre on whether the decision to extend the…

STOCK investors usually welcome low interest rates, but not this time. If anything, the US Federal Open Market Committee’s latest policy statement has reinforced concerns over the unsteady pace of the global economic recovery. The Federal Reserve reiterated after its meeting on Wednesday that it would keep interest rates near zero for ‘an extended period’ and specified for the first time that poli… more

With an FOMC meeting, ISM reports and – last but not least – the U.S. jobs report out this week, to say it was a busy week in economics, would be putting it lightly. The week began on an uplifting note courtesy of the ISM index of manufacturing activity, which…

As far as next week’s ECB council meeting is concerned, however, we are expecting the policy stance to be left unchanged. The central bank will probably restrict itself to gradually becoming more upbeat in its assessment of the macroeconomic situation and gently hinting that exit will be necessary “at some…