The Federal Reserve’s Open Market Committee changes dramatically in 2012. Gone are Evans (the most dovish member of the FOMC), Fisher, Plosser and Kocherlakota (the Trio of hawks) and in comes Lacker, Pianalto, Lockhart and Williams. Three hawks and one dove will now be replaced with three doves and one hawk. We can [...]

Posted in FOMC, FOMC Dove Hawk Scale, Federal Reserve, forex blog No Comments »

The Federal Reserve, European Central Bank and the Reserve Bank of Australia have monetary policy meetings scheduled this week and some investors expect these central banks to change monetary policy. Here’s what the market is pricing in according to interest rate futures. You can compare them with the Central Bank expectations back in September. [...]

Posted in 2011 british pound forecast, 2011 cad forecast, 2011 dollar forecast, 2011 euro forecast, Bank of England, ECB, FOMC, Fed Rate Cut, Fed Rate Cut Expectations, Reserve Bank of Australia, aud/usd, ecb rate cut, ecb rate hike No Comments »

Here is my annotated version of the key changes to the June 2011 FOMC Statements

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By the end of this month, the Federal Reserve will have completed its asset purchase program, bringing its second round of Quantitative Easing to an end. As QE2 draws to a close, it is worthwhile to consider how the dollar could react. When the first round of Quantitative Easing came to an end, [...]

Posted in 2011 dollar forecast, FOMC, Federal Reserve, dollar recession, dollar safe haven, quantitative easing No Comments »

Curious about the changes in the FOMC statement? I did the work for you and highlighted the ONLY things that changed from December and whether it constituted an upgrade or downgrade

FOMC Statement December 14, 2010
Information received since the Federal Open Market Committee met in November confirms that the economic recovery is continuing, though at [...]

Posted in FOMC, Fed rate hike, Federal Reserve 1 Comment »