HALISTER1: FOMC’s No. 1 Priority Is Getting Policy, Not Dots, Right: FTN

FOMC’s No. 1 Priority Is Getting Policy, Not Dots, Right: FTN

(Bloomberg) -- “Lack of surprises” in FOMC’s statement shows policy makers are in no hurry to hike again and policy makers’ top priority is “getting policy right,” not validating their forecasts, FTN economist Chris Low writes in note.
  • Would make sense for Fed to hike in March if it needed to validate expectations for three rate increases this year
    • However, data neither supports another move yet nor a strong signal about the next meeting
  • Lack of dissents from FOMC members may reflect satisfaction that the fed funds rate is “in the right place” or new rotation of FOMC’s members
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Christopher Low (Ftn Financial)

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HALISTER1: U.S. ECO PREVIEW: FOMC Announcement Due in 5 Minutes

U.S. ECO PREVIEW: FOMC Announcement Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s Fed rate decision, as compiled by Bloomberg News:
  • FOMC Rate - Upper 0.75; range 0.75 to 1.0 (94 estimates)
  • FOMC Rate - Lower 0.5; range 0.5 to 0.75 (93 estimates)
    • The Fed tightened for the first time in a year at its prior meeting
    • "Nobody expects a rate hike, so the description of economic activity and any changes to forward guidance will be the main concerns of markets": Joshua Shapiro, economist at MFR
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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HALISTER1: Banks warn Trump will stick with tough money laundering stance

Banks warn Trump will stick with tough money laundering stance

Alert: HALISTER1
Source: FTI (Financial Times)

Tickers
3688Z US (Federal Deposit Insurance Corp)

People
Donald Trump (United States of America)
Eugene Ludwig (Promontory Interfinancial Network LLC)
Kevin Barker (Piper Jaffray & Co)
Matthew Keating (Barclays PLC)

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UUID: 7947283