Friday, 23 February 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Fed Leaves Rate Unchanged as Yellen Departs; Sets Up March Hike
Thursday, 1 February 2018 02:14 WIB | FISCAL & MONETARY |Federal ReserveThe FedEkonomi AS

Federal Reserve officials, meeting for the last time under Chair Janet Yellen, left borrowing costs unchanged while adding emphasis to their plan for more hikes, setting the stage for an increase in March under her successor Jerome Powell.

œThe committee expects that economic conditions will evolve in a manner that will warrant further gradual increases in the federal funds rate, the policy-setting Federal Open Market Committee said in a statement Wednesday in Washington, adding the word œfurther twice to previous language.

The changes to the statement, collectively acknowledging stronger growth and more confidence that inflation will rise to the 2 percent target, may spur speculation that the Fed will pick up the pace of interest-rate increases. Officials also said inflation œis expected to move up this year and to stabilize around the goal, in phrasing that marked an upgrade from December.

At the same time, the Fed repeated language saying that œnear-term risks to the economic outlook appear roughly balanced.

With her term ending later this week after President Donald Trump chose to replace her, Yellen is handing the reins to Powell, who has backed her gradual approach and is widely expected to raise interest rates at the FOMC's next meeting for the sixth time since late 2015. Fed officials are hoping to keep a tight labor market from overheating without raising borrowing costs so fast that it would stifle the economy.

œGains in employment, household spending and business fixed investment have been solid, and the unemployment rate has stayed low, the Fed said, removing previous references to disruptions from hurricanes. œMarket-based measures of inflation compensation have increased in recent months but remain low.

Source : Bloomberg

RELATED NEWS
Fed minutes: Stronger outlook increases the chance for more rate hikes...
Thursday, 22 February 2018 02:29 WIB

Laporan dari Pertemuan Komite Pasar Terbuka 30-31 Januari lalu yang dirilis pada hari Rabu menunjukkan para pejabat melihat ekonomi yang lebih kuat dibandingkan pada akhir 2017 dan kenaikan suku bunga...

RBA minutes: wage growth remained subdued...
Tuesday, 20 February 2018 08:38 WIB

Risalah dari rapat kebijakan moneter dewan Reserve Bank of Australia dirilis, dan seperti yang diharapkan secara luas, ini merupakan event non-merket mengingat berapa banyak yang telah dikatakan dari ...

BOE Keeps Policy Unchanged in a Unanimous Decision...
Thursday, 8 February 2018 19:18 WIB

Pada pertemuan pertama di tahun 2018, Komite Kebijakan Moneter Bank of England (BoE) memutuskan untuk mempertahankan suku bunga acuan di angka 0,5 % dengan suara bulat 9-0. Komite juga memutuskan den...

Australia Holds Rate for Record 16th Meeting Amid Currency Gains...
Tuesday, 6 February 2018 11:06 WIB

Bank sentral Australia mempertahankan suku bunga tidak berubah untuk rekor pertemuan ke-16 seiring mata uang yang kembali bangkit mengancam eksportir dan menekan inflasi lebih lanjut. Chief Reserve B...

Draghi Sees Inflation Optimism in Recovery But Euro a Worry...
Thursday, 25 January 2018 21:47 WIB

Mario Draghi menyatakan keyakinan baru bahwa pemulihan kawasan euro akan menghidupkan kembali inflasi, mendorong euro ke level tertinggi dalam lebih dari tiga tahun meskipun secara bersamaan memberika...

LATEST NEWS
Gold on Track For Biggest Weekly Drop This Year

Gold was marginally lower Friday as it headed for its biggest weekly decline so far this year as the dollar stabilized. April gold fell 40 cents, or less than 0.1%, to $1,332.30 an ounce, and March silver lost 1 cent, or less than 0.1%, to $16.580...

Oil on Track For Second Consecutive Weekly Rise

Crude-oil futures Friday were marginally lower, but looked set to mark a second straight weekly advance, as bullish inventory reports underpinned bullish sentiment. West Texas Intermediate crude oil for April delivery on the New York Mercantile...

UK Police Investigating Package Sent to Harry and Meghan

London police say they are investigating a suspicious package that was sent to Prince Harry and his fiancee Meghan Markle. The Metropolitan Police force says "a package containing a substance" was delivered to St. James's Palace, where Harry has...

POPULAR NEWS
Gold Marks Worst Daily Drop In About a 1 1/2 Years As Dollar Gains Steam
Wednesday, 21 February 2018 04:24 WIB

Gold prices finished sharply lower on Tuesday, marking the sharpest daily decline in more than a year, against a backdrop of rising gold and...

Gold Books Slight Gain As Dollar Softens
Friday, 23 February 2018 04:13 WIB

Gold futures ended slightly higher on Thursday as softness in the U.S. dollar and a slight pullback in bond yields helped to nudge the precious...

Gold prices climb following release of Fed minutes
Thursday, 22 February 2018 02:39 WIB

Gold prices rose in electronic trading Wednesday after the Federal Reserve released the minutes from its January meeting which indicated that the...

Dow Falter After Six Days Of Gains As Walmart Weighs
Wednesday, 21 February 2018 01:19 WIB

A steep fall in Walmart's shares put the skids on the S&P 500 and the Dow's six-day winning streak, but gains in Amazon and technology stocks...