Here is my dissection of the March 16 Fed Statement
FOMC Statement March 16, 2010
Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing ( upgraded “from deterioration in the labor market is abating”). Household spending is expanding at a [...]

Posted in FOMC, FOMC Minutes, Fed Rate Cut, Federal Reserve, forex blog No Comments »

With the Fed’s announcement today, many people may be wondering “How does the Fed print money?” Here is a snippet from my Daily Piece on Currencies.
Most of the time when we say that a central bank “prints money” that does not mean that they actually fire up the electronic version of a printing [...]

Posted in Bernanke, Fed Rate Cut, Fed Rate Cut Expectations, quantitative easing 14 Comments »

I was on the Business News Network talking about the implications of the Federal Reserve’s monetary policy announcement. They “note” that they are talking about is my FOMC Instant Insight posted on FX360.com. They are on the free mailing list, so make sure you get on as well.
Here is basically what they announced:
(1) [...]

Posted in FOMC, Fed Rate Cut, Forex TV, forex blog 2 Comments »

The Euro has surged to 1.3157, a six week high against the U.S. dollar. The currency pair’s strength is a big departure from the price action of the other majors currencies this morning, which have weakened across the board. The break of the old highs opens the door for a move above the [...]

Posted in Bernanke, FOMC, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex, eur/usd, forex blog 7 Comments »

The biggest event risk this week is tomorrow’s FOMC rate decision and unfortunately the Fed could serve up a big plate of disappointment. Recent economic data has been mixed. The following chart which illustrates how economic data has changed since the January FOMC meeting and we can see that there have been improvements [...]

Posted in FOMC, Fed Rate Cut, Fed Rate Cut Expectations, Fed rate hike, Federal Reserve, forex blog 2 Comments »