Free Trial

July FOMC Instant Answers

FED
  • Changes to Fed Funds / Interest Rate Paid on Excess Reserves (IOER) / ON RRP? NO
  • Changes to asset purchases with regard to size, duration, and/or Tsy vs MBS? NO
  • Does the FOMC change the sentence "Inflation has risen, largely reflecting transitory factors" in the 2nd paragraph? If so, does it indicate inflation is less transitory than June? NO
  • Does the FOMC say inflation will likely "remain elevated in coming months before moderating"? NO
  • Does the FOMC change the phrase "if risks emerge that could impede the attainment of the Committee's goals" in the second to last paragraph? If so, does it add an explicit reference to inflation or inflation expectations rising above goal? NO
  • Does the FOMC change the phrase "until substantial further progress has been made toward the Committee's maximum employment and price stability goals"? YES: "Since then, the economy has made progress toward these goals, and the Committee will continue to assess progress incoming meetings."
  • Does the Fed announce the creation of a standing repo facility? YES
  • Any dissents to the decision? NO
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.