FED/ FOMC RATE DECISION HIGHLIGHTS - DXY/ USDJPY SHORTS
As expected the fed decided NOT to change the fed funds rate or discount rate. We could/ shoud see some USD flushing of fed funds for september to the downside I stick with my 99.5 to 100 for USDJPY shorts as attached. Attention now turns to Yellens speech in 30mins - deeper analysis to come then.
FOMC Rate Decision:
Fed Leaves Policy Rate Unchanged, Says Case For Rate Increase Has Strengthened
Fed Sees Lower Rate Path in 2016, 2017, 2018 and Longer Run
Fed Sees One Interest Rate Increase in 2016, Two in 2017, Three in 2018, 2019 D
Three Fed Officials See No Rate Increase in 2016, Up From Zero in June
Fed: Decided To Wait 'For The Time Being' For More Progress Toward Goals
Fed Officials See Fed Funds Rate at a Median of 1.125% at End of 2017
Fed: Market-Based Inflation Compensation Measures Remain Low
Just Four Fed Officials See More Than One Rate Increase in 2016 DJ News
Fed: Expects Moderate Pace of Economic Growth, Labor Market To 'Strengthen Somewhat Further'
Fed Officials See Fed Funds Rate at a Median of 0.625% at End of 2016
Fed: Near-Term Risks To Economic Outlook Appear Roughly Balanced
Cleveland Fed's Mester, Kansas City Fed's George, Boston Fed's Rosengren Dissent On Fed Policy Action
George, Mester, Rosengren Preferred To Raise Fed Funds Rate To 0.5% To 0.75%
Fed Continues To Closely Monitor Global Economic, Financial Developments
Fed Continues To Closely Monitor Inflation Indicators
Fed: Economic Growth Has Picked Up From Modest Pace in First Half
Fed: Market-Based Inflation Compensation Measures Remain Low
Fed Officials See Fed Funds Rate at a Median of 1.125% at End of 2017
Fed: Survey-Based Inflation Expectations Measures 'Little Changed'
Fed Officials See Fed Funds Rate at a Median of 1.875% at End of 2018
Fed Officials See Fed Funds Rate at a Median of 2.625% at End of 2019
Fed: Inflation Continued To Run Below 2% Target
Fed Officials See Fed Funds Rate at a Median of 2.900% in Longer Run
Fed Officials See Slightly Lower GDP in 2016, Unchanged in 2017, 2018
Fed: Inflation Expected To Rise To 2% Over Medium Term As Transitory Effects Fade
Fed Median GDP Projections: 1.8% in 2016, 2.0% in 2017, 2018, 1.8% in 2019
Fed Officials See Unemployment Rate Higher in 2016, Unchanged in 2017, Lower in 2018
Fed: Labor Market Continued To Strengthen
Fed Median Unemployment Projections: 4.8% in 2016, 4.6% in 2017, 4.5% in 2018, 4.6% in 2019
Fed: Job Gains Have Been Solid in Recent Months, Unemployment Rate Little Changed
Fed: Household Spending Has Been Growing Strongly DJ News 2016.09.21 20:00:00
Fed Median Longer-Run Unemployment Projection: 4.8%, Unchanged From June
Fed: Business Fixed Investment Remained Soft
Fed Officials See Lower Inflation in 2016, Unchanged in 2017, 2018
Fed Median Inflation Projections: 1.3% in 2016, 1.9% in 2017, 2.0% in 2018, 2019
Fed Median Longer-Run Inflation Projection: 2.0%, Unchanged From June
Fed Leaves Discount Rate Unchanged At 1.00%
Fed Median Core Inflation Projections: 1.7% in 2016, 1.8% in 2017, 2.0% in 2018, 2.0% in 2019
FOMC Rate Decision:
Fed Leaves Policy Rate Unchanged, Says Case For Rate Increase Has Strengthened
Fed Sees Lower Rate Path in 2016, 2017, 2018 and Longer Run
Fed Sees One Interest Rate Increase in 2016, Two in 2017, Three in 2018, 2019 D
Three Fed Officials See No Rate Increase in 2016, Up From Zero in June
Fed: Decided To Wait 'For The Time Being' For More Progress Toward Goals
Fed Officials See Fed Funds Rate at a Median of 1.125% at End of 2017
Fed: Market-Based Inflation Compensation Measures Remain Low
Just Four Fed Officials See More Than One Rate Increase in 2016 DJ News
Fed: Expects Moderate Pace of Economic Growth, Labor Market To 'Strengthen Somewhat Further'
Fed Officials See Fed Funds Rate at a Median of 0.625% at End of 2016
Fed: Near-Term Risks To Economic Outlook Appear Roughly Balanced
Cleveland Fed's Mester, Kansas City Fed's George, Boston Fed's Rosengren Dissent On Fed Policy Action
George, Mester, Rosengren Preferred To Raise Fed Funds Rate To 0.5% To 0.75%
Fed Continues To Closely Monitor Global Economic, Financial Developments
Fed Continues To Closely Monitor Inflation Indicators
Fed: Economic Growth Has Picked Up From Modest Pace in First Half
Fed: Market-Based Inflation Compensation Measures Remain Low
Fed Officials See Fed Funds Rate at a Median of 1.125% at End of 2017
Fed: Survey-Based Inflation Expectations Measures 'Little Changed'
Fed Officials See Fed Funds Rate at a Median of 1.875% at End of 2018
Fed Officials See Fed Funds Rate at a Median of 2.625% at End of 2019
Fed: Inflation Continued To Run Below 2% Target
Fed Officials See Fed Funds Rate at a Median of 2.900% in Longer Run
Fed Officials See Slightly Lower GDP in 2016, Unchanged in 2017, 2018
Fed: Inflation Expected To Rise To 2% Over Medium Term As Transitory Effects Fade
Fed Median GDP Projections: 1.8% in 2016, 2.0% in 2017, 2018, 1.8% in 2019
Fed Officials See Unemployment Rate Higher in 2016, Unchanged in 2017, Lower in 2018
Fed: Labor Market Continued To Strengthen
Fed Median Unemployment Projections: 4.8% in 2016, 4.6% in 2017, 4.5% in 2018, 4.6% in 2019
Fed: Job Gains Have Been Solid in Recent Months, Unemployment Rate Little Changed
Fed: Household Spending Has Been Growing Strongly DJ News 2016.09.21 20:00:00
Fed Median Longer-Run Unemployment Projection: 4.8%, Unchanged From June
Fed: Business Fixed Investment Remained Soft
Fed Officials See Lower Inflation in 2016, Unchanged in 2017, 2018
Fed Median Inflation Projections: 1.3% in 2016, 1.9% in 2017, 2.0% in 2018, 2019
Fed Median Longer-Run Inflation Projection: 2.0%, Unchanged From June
Fed Leaves Discount Rate Unchanged At 1.00%
Fed Median Core Inflation Projections: 1.7% in 2016, 1.8% in 2017, 2.0% in 2018, 2.0% in 2019
Comment:
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Comment:
Fed Yellen Speech:
Yellen: Current Policy Should Help Economy Move Toward Goals
Yellen: Welcome Development That More People Seeking Jobs, Unemployment Measures Steady
Yellen: Household Spending Key Source Of Economic Growth
Yellen: Fully Committed To Achieving 2% Inflation Objective
Yellen: Recent Pickup In Growth, Labor Market Strengthen Case For Rate Increase
Yellen: Decision Does Not Reflect Lack of Confidence in Economy
Yellen: Chose to Wait for Further Evidence of Progress Toward Objectives
Yellen: Cautious Approach to Paring Back Monetary Policy Support Is Appropriate
Yellen: Expects Only Gradual Increases In Fed Funds Rate
Yellen: Generally Pleased With How The U.S. Economy Is Doing
Yellen: The Economy Has A Little More Room To Run Than Previously Thought
Yellen: Expect Labor Market Conditions To Continue Strengthening
Yellen: We Don't See The Economy As Overheating Now
Yellen: Most Officials Judged Case for Immediate Increase 'Stronger,' But Sensible to Wait
Yellen: Expects To See One Rate Increase This Year If Economy Stays On Course
Yellen: 180k Jobs a Month is Faster Than Sustainable in the Longer Run
Yellen: Don't Want to 'Significantly Overshoot' 2% Inflation Objective
Yellen: Economy Has Shown More People Being Attracted Back Into Labor Force
Yellen: Meeting Focused on Timing of Rate Increases
Yellen: Less Disagreement Among FOMC Participants Than Speeches Suggest
Yellen: Officials Struggling With 'What is the New Normal' DJ News
Yellen: FOMC Not a Body That Suffers From 'Group Think' DJ News
Yellen: FOMC Debating, Discussing Issues Related To Timing of Rate Increase
Yellen: Partisan Politics Plays No Role in Our Decisions
Yellen: We Do Not Discuss Politics At Our Meetings, Take Politics Into Account
Yellen: Decision Not To Raise Rates Today Largely Based On Judgement Not Seeing Economy Overheating
Yellen: Decision to Wait Based on Economic Factors, Not Political
Yellen: November Is A Live Meeting, Will Assess Incoming Evidence
Yellen: Highly Accommodative Policies Seem Necessary In Most Advanced Economies
YELLEN: THE ECONOMIC OUTLOOK IS INHERENTLY UNCERTAIN
FED'S YELLEN: MONPOL NOT ON A PRESET COURSE
FED'S YELLEN: CURRENT MONPOL STANCE SHOULD BE CONSIDERED "MODERATELY ACCOMMODATIVE"
FED'S YELLEN: NEUTRAL FFR RATE QUITE LOW BY HISTORICAL STANDARDS
FED'S YELLEN: LBR MKT SLACK BEING TAKEN UP AT SLOWER PACE, SOFT INFLATION, WE CHOSE TO WAIT FOR FURTHER EVIDENCE
FED'S YELLEN: DECISION TO NOT HIKE NOT A REFLECTION OF LACK OF CONFIDENCE IN THE ECONOMY
FED'S YELLEN: RISKS TO THE OUTLOOK ARE ROUGHLY BALANCED
FED'S YELLEN NOTES INFLATION STILL SHORT OF OBJECTIVE GIVEN BASE EFFECTS
FED'S YELLEN: LBR MKT CONDITIONS WILL STRENGTHEN FURTHER OVER TIME
FED'S YELLEN: MORE PEOPLE ARE SEEKING AND FINDING JOBS - A WELCOME DEVELOPMENT
FED'S YELLEN: SLACK LITTLE CHANGED THIS YEAR
FED'S YELLEN: BIZ INVESTMENT REMAINS SOFT
FED'S YELLEN: GROWTH HAS PICKED UP DRIVEN BY HOUSEHOLD SPENDING
FED'S YELLEN: CASE FOR HIKES HAS STRENGTHENED, BUT DECIDED TO WAIT FOR EVIDENCE OF FURTHER PROGRESS
Yellen: Current Policy Should Help Economy Move Toward Goals
Yellen: Welcome Development That More People Seeking Jobs, Unemployment Measures Steady
Yellen: Household Spending Key Source Of Economic Growth
Yellen: Fully Committed To Achieving 2% Inflation Objective
Yellen: Recent Pickup In Growth, Labor Market Strengthen Case For Rate Increase
Yellen: Decision Does Not Reflect Lack of Confidence in Economy
Yellen: Chose to Wait for Further Evidence of Progress Toward Objectives
Yellen: Cautious Approach to Paring Back Monetary Policy Support Is Appropriate
Yellen: Expects Only Gradual Increases In Fed Funds Rate
Yellen: Generally Pleased With How The U.S. Economy Is Doing
Yellen: The Economy Has A Little More Room To Run Than Previously Thought
Yellen: Expect Labor Market Conditions To Continue Strengthening
Yellen: We Don't See The Economy As Overheating Now
Yellen: Most Officials Judged Case for Immediate Increase 'Stronger,' But Sensible to Wait
Yellen: Expects To See One Rate Increase This Year If Economy Stays On Course
Yellen: 180k Jobs a Month is Faster Than Sustainable in the Longer Run
Yellen: Don't Want to 'Significantly Overshoot' 2% Inflation Objective
Yellen: Economy Has Shown More People Being Attracted Back Into Labor Force
Yellen: Meeting Focused on Timing of Rate Increases
Yellen: Less Disagreement Among FOMC Participants Than Speeches Suggest
Yellen: Officials Struggling With 'What is the New Normal' DJ News
Yellen: FOMC Not a Body That Suffers From 'Group Think' DJ News
Yellen: FOMC Debating, Discussing Issues Related To Timing of Rate Increase
Yellen: Partisan Politics Plays No Role in Our Decisions
Yellen: We Do Not Discuss Politics At Our Meetings, Take Politics Into Account
Yellen: Decision Not To Raise Rates Today Largely Based On Judgement Not Seeing Economy Overheating
Yellen: Decision to Wait Based on Economic Factors, Not Political
Yellen: November Is A Live Meeting, Will Assess Incoming Evidence
Yellen: Highly Accommodative Policies Seem Necessary In Most Advanced Economies
YELLEN: THE ECONOMIC OUTLOOK IS INHERENTLY UNCERTAIN
FED'S YELLEN: MONPOL NOT ON A PRESET COURSE
FED'S YELLEN: CURRENT MONPOL STANCE SHOULD BE CONSIDERED "MODERATELY ACCOMMODATIVE"
FED'S YELLEN: NEUTRAL FFR RATE QUITE LOW BY HISTORICAL STANDARDS
FED'S YELLEN: LBR MKT SLACK BEING TAKEN UP AT SLOWER PACE, SOFT INFLATION, WE CHOSE TO WAIT FOR FURTHER EVIDENCE
FED'S YELLEN: DECISION TO NOT HIKE NOT A REFLECTION OF LACK OF CONFIDENCE IN THE ECONOMY
FED'S YELLEN: RISKS TO THE OUTLOOK ARE ROUGHLY BALANCED
FED'S YELLEN NOTES INFLATION STILL SHORT OF OBJECTIVE GIVEN BASE EFFECTS
FED'S YELLEN: LBR MKT CONDITIONS WILL STRENGTHEN FURTHER OVER TIME
FED'S YELLEN: MORE PEOPLE ARE SEEKING AND FINDING JOBS - A WELCOME DEVELOPMENT
FED'S YELLEN: SLACK LITTLE CHANGED THIS YEAR
FED'S YELLEN: BIZ INVESTMENT REMAINS SOFT
FED'S YELLEN: GROWTH HAS PICKED UP DRIVEN BY HOUSEHOLD SPENDING
FED'S YELLEN: CASE FOR HIKES HAS STRENGTHENED, BUT DECIDED TO WAIT FOR EVIDENCE OF FURTHER PROGRESS
