Fed strikes a dovish tone in January
US central bank will no longer keep balance-sheet runoff on automatic pilot
The US Federal Reserve has opted to hold interest rates steady in its first monetary policy meeting of 2019, but it made two clear changes to its communication to investors, striking a much more dovish note.
On January 30, the Fed released a new statement, alongside its monetary policy decision, to clarify its stance on reducing the size of the balance sheet and its implementation of monetary policy in the long run. Investors appeared to take the new communication as a sign the Fed is willing
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
More on Monetary Policy
Lagarde promises wide-ranging review of ECB monetary policy
ECB to form digital currency task force as Lagarde calls for EU action on green finance
Fed can now keep rates on hold, senior official says
Recent cuts have provided greater assurance Fed will hit inflation target, Charles Evans says
RBI forms task force on offshore rupee
Task force will examine the effects of the offshore market on exchange rates and domestic liquidity
Powell hints at $1trn goal for Fed balance sheet
Proposed reserves buffer is more than enough, Charles Goodhart says
PBoC issues 20 billion yuan of central bank bills in Hong Kong
Bills could be used to manage offshore yuan liquidity and stabilise exchange rates
RBA governor signals a rate cut more likely in 2019
Uncertain global outlook has rebalanced Reserve Bank of Australia's policy options
BoJ members split ranks on monetary easing
Not all members agree on how low 10-year yields should be
PBoC: new liquidity tool is not ‘Chinese version of QE’
Growth-boosting measure equates to three-year easing, says one analyst