Fed gives "some" clue to lift-off

Jul 30, 2015 03:49 am UTC| Commentary

The risk of the Fed tweaking its forward guidance was realized, at least in a tiny way. The now well-worn lift-off guidance was augmented with one word, "some", as in the Committee will raise rates when "it has seen some...

FOMC data supports a September start to hiking cycle

Jul 30, 2015 03:42 am UTC| Commentary

The July FOMC statement was as expected. The committee adjusted the opening paragraph of the statement to reflect the strength of the incoming data during the inter-meeting period but refrained from sending an overtly...

Brazil's Copom: The tightening cycle comes to an end

Jul 30, 2015 02:21 am UTC| Commentary

Today, the Copom decided to hike the Selic rate by 50bp, to 14.25%, in a unanimous decision, as consensus expected. In the post-decision statement, the board added to the previous statements messages that not only the...

Implications of S&P’s outlook change on Brazil assets

Jul 30, 2015 00:21 am UTC| Commentary

The SP recent change in the Brazils sovereign rating (BBB-) outlook to negative is expected to effect rating trajectory and further heightened volatility from a sovereign credit, corporate credit, and local markets...

FOMC expectations, near and far

Jul 29, 2015 23:33 pm UTC| Commentary

Heading into the July meeting, there were two key questions on investors minds: (1) when would the first hike occur; and (2) how quickly would normalisation proceed thereafter. While the answer to the second question...

FOMC: “Some” small steps toward September

Jul 29, 2015 23:09 pm UTC| Commentary

The FOMC made relatively few changes to their July statement, noting better data on net since June, and suggesting progress toward the conditions for liftoff. The FOMC now is looking for just "some further improvement" in...

Fed upbeat about economy, only looking for "some" further improvement

Jul 29, 2015 22:50 pm UTC| Commentary

The Federal Open Market Committee (FOMC) appears relatively upbeat in its assessment of the economy, with the labor market exhibiting "solid job gains and declining unemployment." Moreover, the Committee felt that the...