US Economy and Rates Update January 14, 2020
US Economics: Accounting for Downside Surprises Core CPI surprised somewhat to the downside and rose 0.1%M (0.113%M unrounded) in December, keeping the year-over-year rate at 2.3%Y. However, core [...]
US Economy and Rates Update December 12, 2019
US Economics At its December meeting, the FOMC voted to hold the federal funds rate target range unchanged at 1.50%-1.75%. The statement remained neutral by swapping [...]
US Economy and Rates Update March 31, 2019
Key Highlights The Fed’s move to a median of zero hikes this year was a surprise. Analysts and the markets underestimated Chair Powell’s appetite to deliver a preemptive strike [...]
US Economy and Rates Update January 15, 2019
Key Highlights We were early last year to call for just two hikes in 2019, initially placing them in March and June. With “patience” returning to Fed policymakers’ [...]
US Economy and Rates Update March 5, 2019
Key Highlights The US is moving through the trough in GDP growth now, with 1Q tracking at just 0.5%. Thereafter, a sizeable rebound to 2.3% in 2Q is then followed by average growth of 2.1% in the [...]