🔥FOMC MINUTES
⚠️ALMOST ALL FED OFFICIALS SAW RATE HIKE WARRANTED
FED: IOER CHANGE MAY BE NEEDED SOON, POSSIBLY BEFORE DEC. FOMC
FED MINUTES: POLICY NOT PRESET, UPSIDES AND DOWNSIDES WEIGHED
⚠️FOMC MINUTES: STAFF SAW SLIGHTLY WEAKER GDP GROWTH OVER MEDIUM TERM, REFLECTING LOWER EQUITY PRICES
⚠️FOMC MINUTES: SEVERAL OFFICIALS WORRIED ABOUT HIGH CORPORATE DEBT, ESPECIALLY LEVERAGED LOANS
#fomcminutes #ставкасша #акциисша #ввпсша #экономикасша
⚠️ALMOST ALL FED OFFICIALS SAW RATE HIKE WARRANTED
FAIRLY SOON'
FED DISCUSSED MODIFYING LANGUAGE ON
FURTHER GRADUAL' HIKESFED: IOER CHANGE MAY BE NEEDED SOON, POSSIBLY BEFORE DEC. FOMC
FED MINUTES: POLICY NOT PRESET, UPSIDES AND DOWNSIDES WEIGHED
⚠️FOMC MINUTES: STAFF SAW SLIGHTLY WEAKER GDP GROWTH OVER MEDIUM TERM, REFLECTING LOWER EQUITY PRICES
⚠️FOMC MINUTES: SEVERAL OFFICIALS WORRIED ABOUT HIGH CORPORATE DEBT, ESPECIALLY LEVERAGED LOANS
#fomcminutes #ставкасша #акциисша #ввпсша #экономикасша
🔥#FOMCMinutes
#ставкасша MANY OFFICIALS FELT FED COULD BE PATIENT ON FURTHER RATE HIKES
FED OFFICIALS SAW EXTENT, TIMING OF FUTURE HIKES AS LESS CLEAR
FED: A FEW OFFICIALS FAVORED NO RATE INCREASE AT DEC. MEETING
FED DISCUSSED RESERVES OPTIONS INCLUDING IOER, REDEMPTION PACE
#qtсша SOME FED PARTICIPANTS SAID IT WAS POSSIBLE TO SLOW PACE OF DECLINE IN RESERVES IN APPROACHING THE LONG-RUN LEVEL OF RESERVES -MINUTES
#ставкасша MANY OFFICIALS FELT FED COULD BE PATIENT ON FURTHER RATE HIKES
FED OFFICIALS SAW EXTENT, TIMING OF FUTURE HIKES AS LESS CLEAR
FED: A FEW OFFICIALS FAVORED NO RATE INCREASE AT DEC. MEETING
FED DISCUSSED RESERVES OPTIONS INCLUDING IOER, REDEMPTION PACE
#qtсша SOME FED PARTICIPANTS SAID IT WAS POSSIBLE TO SLOW PACE OF DECLINE IN RESERVES IN APPROACHING THE LONG-RUN LEVEL OF RESERVES -MINUTES
#FOMCMinutes #ставкасша #sentiment
Начинают закладываться ожидания по поводу того, что темпы повышения ставки ФРС США под вопросом из-за растущих рисков.
В последние недели цены на акции на фондовом рынке США были волатильными, что отражало уход инвесторов от рисков. По-видимому, это частично связано с неопределенностью относительно торговых переговоров между Китаем и США. Кроме того, инвесторы были обеспокоены перспективами глобального роста, неурегулированностью переговоров по Brexit и политической неопределенностью в Европе - протокол #FOMCMinues
———————-
* Дальнейшее повышение ставок ФРС может привести к рецессии в США - глава ФРБ Сент-Луиса
* вероятность снижения ставки на мартовском заседании ФРС выросла в четыре раза
Начинают закладываться ожидания по поводу того, что темпы повышения ставки ФРС США под вопросом из-за растущих рисков.
В последние недели цены на акции на фондовом рынке США были волатильными, что отражало уход инвесторов от рисков. По-видимому, это частично связано с неопределенностью относительно торговых переговоров между Китаем и США. Кроме того, инвесторы были обеспокоены перспективами глобального роста, неурегулированностью переговоров по Brexit и политической неопределенностью в Европе - протокол #FOMCMinues
———————-
* Дальнейшее повышение ставок ФРС может привести к рецессии в США - глава ФРБ Сент-Луиса
* вероятность снижения ставки на мартовском заседании ФРС выросла в четыре раза
🔥🇺🇸#FOMCminutes
вышли Минутки FOMC
"Some market reports suggested that investors perceived the FOMC to be insufficiently flexible in its approach to adjusting the path for the federal funds rate or the process for balance sheet normalization" - Minutes
FED OFFICIALS SAY RECENT HOUSEHOLD DATA HAVE BEEN STRONG
FED OFFICIALS SEE STRONG LABOR MARKET, INFLATION NEAR TARGET
⚠️The build-up in overall nonfinancial business debt to levels close to historical highs relative to GDP was viewed as a factor that could amplify adverse shocks to the business sector.
⚠️FED MEMBERS NOTED TIGHTENING FINANCIAL CONDITIONS AND UNCERTAINTIES SURROUNDING THE EVOLUTION OF U.S. AND FOREIGN GOVERNMENT POLICIES IN JANUARY MEETING
⚠️Several participants also noted that the slope of the Treasury yield curve was unusually flat by historical standards, which in the past had often been associated with a deterioration in future macroeconomic performance.
❗️#qtсша #qeqt FOMC Minutes Show Fed Officials Discussed Circumstances Under Which Wind Down Of $4T Portfolio Of Bonds, Other Assets Would Slow Or Be Concluded
⚠️FED OFFICIALS NOTE BUSINESS INVESTMENT HAD MODERATED
⚠️FED OFFICIALS NOTED VOLATILITY, TIGHTER FINANCIAL CONDITIONS
#ставкасша POLICYMAKERS FAVORED PATIENT APPROACH TO OBSERVE EFFECTS OF PAST RATE HIKES. MANY FED OFFICIALS UNSURE WHAT RATE ADJUSTMENTS NEEDED THIS YR
⚠️#рынкимир #экономикамир FED OFFICIALS NOTED SOME DOWNSIDE RISKS HAD INCREASED
⚠️#рынкисша A COUPLE OF PARTICIPANTS SAID DECREASED LIQUIDITY AT THE END OF 2018 EXACERBATED MARKET MOVEMENTS
FOMC MINUTES: SOME OFFICIALS SAW LOWER OIL PRICES, SLOWER GROWTH, WEAKER INFLATION ABROAD AND STRONG DOLLAR HOLDING DOWN U.S. INFLATION THIS YEAR
ИТОГ:
1) все плохо, поэтому ФРС лучше остановиться и подождать с повышением ставки
2) обсуждают продолжать сокращать баланс ФРС или нет
вышли Минутки FOMC
"Some market reports suggested that investors perceived the FOMC to be insufficiently flexible in its approach to adjusting the path for the federal funds rate or the process for balance sheet normalization" - Minutes
FED OFFICIALS SAY RECENT HOUSEHOLD DATA HAVE BEEN STRONG
FED OFFICIALS SEE STRONG LABOR MARKET, INFLATION NEAR TARGET
⚠️The build-up in overall nonfinancial business debt to levels close to historical highs relative to GDP was viewed as a factor that could amplify adverse shocks to the business sector.
⚠️FED MEMBERS NOTED TIGHTENING FINANCIAL CONDITIONS AND UNCERTAINTIES SURROUNDING THE EVOLUTION OF U.S. AND FOREIGN GOVERNMENT POLICIES IN JANUARY MEETING
⚠️Several participants also noted that the slope of the Treasury yield curve was unusually flat by historical standards, which in the past had often been associated with a deterioration in future macroeconomic performance.
❗️#qtсша #qeqt FOMC Minutes Show Fed Officials Discussed Circumstances Under Which Wind Down Of $4T Portfolio Of Bonds, Other Assets Would Slow Or Be Concluded
⚠️FED OFFICIALS NOTE BUSINESS INVESTMENT HAD MODERATED
⚠️FED OFFICIALS NOTED VOLATILITY, TIGHTER FINANCIAL CONDITIONS
#ставкасша POLICYMAKERS FAVORED PATIENT APPROACH TO OBSERVE EFFECTS OF PAST RATE HIKES. MANY FED OFFICIALS UNSURE WHAT RATE ADJUSTMENTS NEEDED THIS YR
⚠️#рынкимир #экономикамир FED OFFICIALS NOTED SOME DOWNSIDE RISKS HAD INCREASED
⚠️#рынкисша A COUPLE OF PARTICIPANTS SAID DECREASED LIQUIDITY AT THE END OF 2018 EXACERBATED MARKET MOVEMENTS
FOMC MINUTES: SOME OFFICIALS SAW LOWER OIL PRICES, SLOWER GROWTH, WEAKER INFLATION ABROAD AND STRONG DOLLAR HOLDING DOWN U.S. INFLATION THIS YEAR
ИТОГ:
1) все плохо, поэтому ФРС лучше остановиться и подождать с повышением ставки
2) обсуждают продолжать сокращать баланс ФРС или нет
🔥🇺🇸#qtсша #qeqt #FOMCminutes
почти все члены FOMC склоняются к тому, что было бы желательно анонсировать план по остановке сокращения баланса ФРС позже в 2019 г - RTRS
ALMOST ALL PARTICIPANTS THOUGHT IT WOULD BE DESIRABLE TO ANNOUNCE PLAN TO STOP REDUCING BALANCE SHEET LATER THIS YEAR
почти все члены FOMC склоняются к тому, что было бы желательно анонсировать план по остановке сокращения баланса ФРС позже в 2019 г - RTRS
ALMOST ALL PARTICIPANTS THOUGHT IT WOULD BE DESIRABLE TO ANNOUNCE PLAN TO STOP REDUCING BALANCE SHEET LATER THIS YEAR
#FOMCminutes
👉 оригинал
#дкпсша Терпеливый подход к денежно-кредитной политике на данном этапе станет надлежащим шагом в условиях неопределенности и рисков… Кроме того, такой подход позволит получить более четкое представление о состоянии международной торговли и глобальной экономики — в частности, о масштабах и продолжительности экономического спада в Европе и КНР.
⚠️🇺🇸#рынкисша Члены FOMC выразили обеспокоенность в связи с повышенной волатильностью фондовых рынков США и значительного снижения "аппетита к риску" у инвесторов.
👉 оригинал
#дкпсша Терпеливый подход к денежно-кредитной политике на данном этапе станет надлежащим шагом в условиях неопределенности и рисков… Кроме того, такой подход позволит получить более четкое представление о состоянии международной торговли и глобальной экономики — в частности, о масштабах и продолжительности экономического спада в Европе и КНР.
⚠️🇺🇸#рынкисша Члены FOMC выразили обеспокоенность в связи с повышенной волатильностью фондовых рынков США и значительного снижения "аппетита к риску" у инвесторов.
🔥🇺🇸#FOMCminutes #FOMC #сша
#дкп FED MAJORITY SAW RISKS WARRANTING RATES ON HOLD THROUGH 2019
SEVERAL FED OFFICIALS NOTED RATE VIEWS COULD SHIFT EITHER WAY
POLICYMAKERS SAW CONTINUED U.S. ECONOMIC GROWTH, STRONG LABOR MARKET AND INFLATION NEAR FED'S OBJECTIVE AS MOST LIKELY OUTCOME IN NEXT FEW YEARS -MINUTES
#инвертированнаякривая FOMC Minutes Show "Patient" Majority Expect Rates On Hold, Concern Over Flat Yield Curve
#экономика MINUTES: STAFF EXPECT 1Q SLOWDOWN TO BE TRANSITORY, SOLID BOUNCEBACK IN 2Q
⚠️#долг A few participants observed that an economic deterioration in the United States, if it occurred, might be amplified by significant debt service burdens for many firms.
👉 РЕЛИЗ
#дкп FED MAJORITY SAW RISKS WARRANTING RATES ON HOLD THROUGH 2019
SEVERAL FED OFFICIALS NOTED RATE VIEWS COULD SHIFT EITHER WAY
POLICYMAKERS SAW CONTINUED U.S. ECONOMIC GROWTH, STRONG LABOR MARKET AND INFLATION NEAR FED'S OBJECTIVE AS MOST LIKELY OUTCOME IN NEXT FEW YEARS -MINUTES
#инвертированнаякривая FOMC Minutes Show "Patient" Majority Expect Rates On Hold, Concern Over Flat Yield Curve
#экономика MINUTES: STAFF EXPECT 1Q SLOWDOWN TO BE TRANSITORY, SOLID BOUNCEBACK IN 2Q
⚠️#долг A few participants observed that an economic deterioration in the United States, if it occurred, might be amplified by significant debt service burdens for many firms.
👉 РЕЛИЗ
🔥🇺🇸#FOMCminutes #дкп #сша
Опубликованный в среду вечером протокол заседания американского регулятора не стал откровением для инвесторов. Согласно документу, участники встречи вновь отметили, что ФРС займет "терпеливую" позицию по ставке, даже при улучшении экономических условий. Члены комитета по открытым рынкам выразили обеспокоенность по поводу низких уровней инфляции в стране, однако возможность понижения ставки в будущем не поднималась на заседании.
Опубликованный в среду вечером протокол заседания американского регулятора не стал откровением для инвесторов. Согласно документу, участники встречи вновь отметили, что ФРС займет "терпеливую" позицию по ставке, даже при улучшении экономических условий. Члены комитета по открытым рынкам выразили обеспокоенность по поводу низких уровней инфляции в стране, однако возможность понижения ставки в будущем не поднималась на заседании.
🇺🇸#FOMCminutes
минутки с последнего заседания FOMC: ФРС США считает снижение процентной ставки "корректировкой" в середине цикла
MOST FED OFFICIALS VIEWED JULY RATE CUT AS MID-CYCLE ADJUSTMENT
https://www.federalreserve.gov/monetarypolicy/fomcminutes20190731.htm
минутки с последнего заседания FOMC: ФРС США считает снижение процентной ставки "корректировкой" в середине цикла
MOST FED OFFICIALS VIEWED JULY RATE CUT AS MID-CYCLE ADJUSTMENT
https://www.federalreserve.gov/monetarypolicy/fomcminutes20190731.htm
🔥🇺🇸#FOMCMinutes
FOMC Minutes: Most Policymakers Believed 25Bp Cut Needed; Pointed To Econ Outlook, Risk Management And Inflation Objectives
FOMC Minutes: Many Fed Officials Cite Inflation In Justifying September Rate Cut
FOMC MINUTES : Policymakers Agreed Recent Money Market Developments Implied Fed Should Soon Discuss Appropriate Level Of Reserve Balances
- A Few Policymakers Noted The Possibility Of Resuming Trend Growth Of Balance Sheet To Stabilize Level Of Reserves
Minutes of the Federal Committee: A Couple Policymakers Preferred A 50 Basis Point Cut And Stressed That Forward Guidance Might Also Be Needed
Policymakers Suggested Giving More Clarity On When Fed Will End The Recalibration Of Rate Policy In Response To Trade Uncertainties
Minutes of the Federal Open Market Committee: Most Fed Policymakers Believed 25 Basis Point Cut Needed; Pointed To Economic Outlook, Risk Management And Inflation Objectives - Minutes To Sept 17-18 Meeting
https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20190918.pdf
FOMC Minutes: Most Policymakers Believed 25Bp Cut Needed; Pointed To Econ Outlook, Risk Management And Inflation Objectives
FOMC Minutes: Many Fed Officials Cite Inflation In Justifying September Rate Cut
FOMC MINUTES : Policymakers Agreed Recent Money Market Developments Implied Fed Should Soon Discuss Appropriate Level Of Reserve Balances
- A Few Policymakers Noted The Possibility Of Resuming Trend Growth Of Balance Sheet To Stabilize Level Of Reserves
Minutes of the Federal Committee: A Couple Policymakers Preferred A 50 Basis Point Cut And Stressed That Forward Guidance Might Also Be Needed
Policymakers Suggested Giving More Clarity On When Fed Will End The Recalibration Of Rate Policy In Response To Trade Uncertainties
Minutes of the Federal Open Market Committee: Most Fed Policymakers Believed 25 Basis Point Cut Needed; Pointed To Economic Outlook, Risk Management And Inflation Objectives - Minutes To Sept 17-18 Meeting
https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20190918.pdf
🔥🇺🇸#FOMCMinutes
Минутки FOMC 👉 полный текст
In A Review Of Strategy, All Policymakers Said Negative Interest Rates Not An Attractive Tool; Could Reassess If Warranted
Most Fed Policymakers Judged That After Oct 30 Rate Cut, Policy Level Would Be Appropriate Barring 'Material Reassessment' Of Outlook -Minutes To Oct 29-30
A Couple Policymakers Said Fed Should Reinforce Statement With Communications That Another Rate Cut Unlikely Without Signs Of 'Significant Slowdown'
Минутки FOMC 👉 полный текст
In A Review Of Strategy, All Policymakers Said Negative Interest Rates Not An Attractive Tool; Could Reassess If Warranted
Most Fed Policymakers Judged That After Oct 30 Rate Cut, Policy Level Would Be Appropriate Barring 'Material Reassessment' Of Outlook -Minutes To Oct 29-30
A Couple Policymakers Said Fed Should Reinforce Statement With Communications That Another Rate Cut Unlikely Without Signs Of 'Significant Slowdown'
⚡️🔥🇺🇸#FOMCMinutes
OFFICIALS SAID TRADE UNCERTAINTY REMAINED ELEVATED DESPITE RECENT TRADE AGREEMENT
CONDITIONS EXPECTED IN 2Q FOR T-BILL TAPERING
OFFICIALS SUGGESTED COMMITTEE SHOULD RESUME DISCUSSION OF STANDING REPO FACILITY
FED OFFICIALS CITED CORONAVIRUS AS NEW RISK TO GLOBAL OUTLOOK
OFFICIALS SAID TRADE UNCERTAINTY REMAINED ELEVATED DESPITE RECENT TRADE AGREEMENT
OFFICIALS MENTIONED TECHNOLOGY AS POTENTIAL REASON BEHIND ABSENT WAGE PRESSURES
STAFF SAW BUSINESS DEBT TO GDP RATIO AS HISTORICALLY HIGH
SOME OFFICIALS SAW EVIDENCE OF LINKS BETWEEN MONETARY POLICY AND ASSET PRICES AS LIMITED
MANY OFFICIALS SAID FED SHOULD NOT RULE OUT USING MONETARY POLICY TO REDUCE FINANCIAL STABILITY RISKS
TERM REPOS COULD BE PHASED OUT AFTER APRIL
👉 полный текст
OFFICIALS SAID TRADE UNCERTAINTY REMAINED ELEVATED DESPITE RECENT TRADE AGREEMENT
CONDITIONS EXPECTED IN 2Q FOR T-BILL TAPERING
OFFICIALS SUGGESTED COMMITTEE SHOULD RESUME DISCUSSION OF STANDING REPO FACILITY
FED OFFICIALS CITED CORONAVIRUS AS NEW RISK TO GLOBAL OUTLOOK
OFFICIALS SAID TRADE UNCERTAINTY REMAINED ELEVATED DESPITE RECENT TRADE AGREEMENT
OFFICIALS MENTIONED TECHNOLOGY AS POTENTIAL REASON BEHIND ABSENT WAGE PRESSURES
STAFF SAW BUSINESS DEBT TO GDP RATIO AS HISTORICALLY HIGH
SOME OFFICIALS SAW EVIDENCE OF LINKS BETWEEN MONETARY POLICY AND ASSET PRICES AS LIMITED
MANY OFFICIALS SAID FED SHOULD NOT RULE OUT USING MONETARY POLICY TO REDUCE FINANCIAL STABILITY RISKS
TERM REPOS COULD BE PHASED OUT AFTER APRIL
👉 полный текст
⚡️🔥🇺🇸#FOMCMinutes
👉 полный текст
#USD US DOLLAR APPRECIATED NOTABLY AGAINST MOST CURRENCIES, WITH THE EXCEPTION OF OTHER SAFE-HAVEN CURRENCIES, AND CRUDE OIL PRICES DROPPED 40%
#ликвидность SHORT-TERM FUNDING MARKETS WERE DETERIORATING SHARPLY AS CORONAVIRUS DOMINATED ECONOMIC OUTLOOK
#межбанк A NUMBER OF PRIMARY DEALERS FOUND IT ESPECIALLY DIFFICULT TO MAKE MARKETS IN OFF-THE-RUN TREASURY SECURITIES AND REPORTED THAT THIS SEGMENT OF THE MARKET HAD CEASED TO FUNCTION EFFECTIVELY
#торговля TRADING CONDITIONS ACROSS A RANGE OF MARKETS WERE SEVERELY STRAINED
#экономика #мир FOREIGN ECONOMIC ACTIVITY WAS EXPECTED TO BE SIGNIFICANTLY WEAKER DURING Q1 OF 2020 THAN THEY HAD ANTICIPATED AT JAN. FOMC MEETING
#sentiment ALL PARTICIPANTS SAW US OUTLOOK AS PROFOUNDLY UNCERTAIN
#потребитель BROAD SET OF CONCERNS, FROM COLLAPSE IN CONSUMER CONFIDENCE, DISRUPTIONS IN THE HOUSING MARKET, AND BLOW TO LOW-INCOME HOUSEHOLDS WITH LITTLE SAVINGS
#бизнес FED MEETING NOTED A NUMBER OF BUSINESS SECTORS BADLY HIT, NOTABLY TRAVEL AND HOSPITALITY, WITH LENGTH AND SEVERITY OF SOCIAL DISTANCING POSSIBLY UNDERMINING INVESTMENT
#дкп RATES AT ZERO UNTIL ECONOMY WEATHERED CORONAVIRUS
#дкп FED POLICYMAKERS DECIDED 50 BASIS POINT RATE CUT COULD HELP SHORE UP THE CONFIDENCE OF HOUSEHOLDS, BUSINESSES, AND FINANCIAL MARKETS
👉 полный текст
#USD US DOLLAR APPRECIATED NOTABLY AGAINST MOST CURRENCIES, WITH THE EXCEPTION OF OTHER SAFE-HAVEN CURRENCIES, AND CRUDE OIL PRICES DROPPED 40%
#ликвидность SHORT-TERM FUNDING MARKETS WERE DETERIORATING SHARPLY AS CORONAVIRUS DOMINATED ECONOMIC OUTLOOK
#межбанк A NUMBER OF PRIMARY DEALERS FOUND IT ESPECIALLY DIFFICULT TO MAKE MARKETS IN OFF-THE-RUN TREASURY SECURITIES AND REPORTED THAT THIS SEGMENT OF THE MARKET HAD CEASED TO FUNCTION EFFECTIVELY
#торговля TRADING CONDITIONS ACROSS A RANGE OF MARKETS WERE SEVERELY STRAINED
#экономика #мир FOREIGN ECONOMIC ACTIVITY WAS EXPECTED TO BE SIGNIFICANTLY WEAKER DURING Q1 OF 2020 THAN THEY HAD ANTICIPATED AT JAN. FOMC MEETING
#sentiment ALL PARTICIPANTS SAW US OUTLOOK AS PROFOUNDLY UNCERTAIN
#потребитель BROAD SET OF CONCERNS, FROM COLLAPSE IN CONSUMER CONFIDENCE, DISRUPTIONS IN THE HOUSING MARKET, AND BLOW TO LOW-INCOME HOUSEHOLDS WITH LITTLE SAVINGS
#бизнес FED MEETING NOTED A NUMBER OF BUSINESS SECTORS BADLY HIT, NOTABLY TRAVEL AND HOSPITALITY, WITH LENGTH AND SEVERITY OF SOCIAL DISTANCING POSSIBLY UNDERMINING INVESTMENT
#дкп RATES AT ZERO UNTIL ECONOMY WEATHERED CORONAVIRUS
#дкп FED POLICYMAKERS DECIDED 50 BASIS POINT RATE CUT COULD HELP SHORE UP THE CONFIDENCE OF HOUSEHOLDS, BUSINESSES, AND FINANCIAL MARKETS
🇺🇸#FOMCminutes
Минутки FOMC уже никто не читает... а зачем, если у нас есть Трамп ?? #манипулирование #moralhazard
https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20200916.pdf
Минутки FOMC уже никто не читает... а зачем, если у нас есть Трамп ?? #манипулирование #moralhazard
https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20200916.pdf