Ben Bernanke

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The Federal Open Market Committee concluded their two day meeting on Wednesday and voted unanimously to taper the level of monthly asset purchases by $10bn from the 1st February. At Ben Bernanke’s final meeting, the reduction of asset purchases was split equally between Treasury’s and mortgage-backed securities (MBS). The pace is now expected to continue with a monthly reduction of $10bn as the Fed attempts to wean the US economy from the ultra loose fiscal policy. Some ana…

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The Federal Open Market Committee (FOMC) minutes will be released today at 7pm (London). Traders are awaiting the release of the December meeting minutes, as it was the first time that the Fed began tapering their monthly asset purchases, a reduction of $10bn for this month. Prior monthly purchases had totalled $85bn, with a reduction to $75bn for this month. The flooding of the markets with cheap money, fuelled by central bank QE, and now the removal of the stimulus have been key them…

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On Wednesday evening (London) the FOMC completed their two day meeting and announced the Fed would start tapering the amount of assets purchased each month. Analysts and market commentators were mixed as to their views, with the minority expecting Bernanke to act in December with the majority believing the Fed would wait until January or even March. The release came at 7pm London that the Federal Reserve is reducing the current level of asset purchases to $75bn from the previous monthl…

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The FOMC concludes their two day meeting today and will announce if they will reduce their monthly asset purchases from $85billion ($40bn MBS and $45bn Treasury’s). It is the final meeting for Ben Bernanke the current Chairman of the Fed, with his successor expected to be hawk Janet Yellen. At 7pm GMT the interest rate, economic projections and most importantly the level of asset purchases will be announced. In the Bloomberg survey of economists, 35% expect the Federal Reserve to…

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The US Federal Reserve currently purchases $85 a month of assets, combined with low interest rates to help stimulate economic growth. The markets speculation as to when the Fed will begin to Taper, this programme of quantitative easing has some believing it could be on Wednesday at 2pm. The main focus for traders this week, before the holiday lull, will be does Bernanke start tightening at his final meeting as Chair of the Fed, before Janet Yellen takes over. The markets are awash with…

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The timing of the Fed’s Taper has been a recurring theme, that has been a key driver of price action. In January the current Federal Reserve Chairman Ben Bernanke, and will most likely be succeeded by Janet Yellen. Analysts and traders have been attempting to predict the Federal Reserve’s taper timing, however the messages from the committee has been difficult to disseminate. Each of the Fed members (voting and non-voting) speeches and interviews have been picked through for any…

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The Federal Open Mark Committee (FOMC) left the potential for tapering to begin in December, stating “warrant trimming the pace of purchases in coming months.” The FOMC is walking a tight rope, as it attempts to soften the market impact of reducing its current level of quantitative easing. The Fed is attempting to signal to the market a vague timetable of tightening, without shocking investors. It is a difficult task, if they are too vague, then markets are left unsure, if the ex…

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At 2pm ET (6pm London) the US Federal Reserve will release the interest decision and the FOMC releases its statement on monetary policy for October, following the conclusion of their two day meeting. In September the majority of market analysts had expected the Fed to begin to taper the current pace of bond purchases and beginning policy tightening. However the level of bond purchases was left unchanged, giving a bid to precious metals and a boost to equities in the US and Asia. It was…

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President Barack Obama announced on Wednesday that he has officially nominated Janet Yellen to be the next Chairman of the Federal Reserve. Current Chairman Ben Bernanke finishes his term on January 31st 2014, with the successor undertaking a tall order. Bernanke has focused on ultra-loose monetary policy to help boost the US economy with job creation being the catalyst to begin tapering. Yellen is seen by the market as Dovish and is expected that she will move forward in the same dire…

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At the Wednesday announcement and the press conference the Federal Reserved surprised investors by holding the monthly stimulus at the current level of $85bn. The majority of analysts has expect the FOMC to vote to begin to taper at the September meeting, with the size being in dispute. The decision was released at 19:00 (London) with an accompanying statement followed by a press conference at 19:30 with Fed Chief, Ben Bernanke. The unchanged level of monthly bond-purchased had c…

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Will the FOMC announce that they are to begin tapering their monthly bond-purchases today or not? At some point they will have to beginning tightening monetary policy as the endless supply of artificially cheap money would have negative consequences for the US economy. The FOMC has been meeting for the last two days and at 19:00 (London) the outcome of the meeting will be announced to the markets. Speculation and front running of the expected tapering has engrossed traders for the last…

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Spot Gold Gold has been a favourite for traders recently, speculating as to when the Federal Reserve will begin to taper its monthly bond-purchases (QE). The tightening on monetary policy from the current level of $85 billion is expected to begin after this weeks (September 17-18) meeting. Analyst’s expectations are that the Fed will reduce its current level by $10-15 billion per month, from the current $85 billion of purchases. The precious metal has been seen as a hedge…

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At 13:30 (London) the Bureau of Labor Statistics will release the US employment report for August. Bank and broker estimates for US Non-Farm report for August: Morgan Stanley +190K Danske Bank +200K Lloyds TSB Bank +185K Standard Chartered Bank +200K Commerzbank AG +175K Wells Fargo & Co. +205K Credit Agricole CIB +160K Soc Gen +220K Moody’s +185K Goldman, Sachs & Co. +200K RBC Capital Markets +185K H…

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It is the first Friday of the month and that means it is the release of the pivotal US jobs report; Non-Farm Payrolls. The monthly release is a significant data point for the economy, as the Federal Reserve Chairman Ben Bernanke has reiterated at the FOMC meetings that the bond-buying programme (QE) will remain if unemployment remains above 7%. Bernanke also stated that they would hike interest rates from the current record low of 0.25%, last altered in 2008. ADP, Initial Jobless Claim…

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The question on every trader’s lips is whether the FOMC minutes released at 7pm (BST) will state if the members of the committee discussed scaling back the bond-buying program. Currently the Federal Reserve is purchasing $85 billion of bonds, along with holding interest rates low. Traders have attempted to second-guess Fed Chairman Ben Bernanke’s tapering. Following the announcement in June by Bernanke that the Fed could begin reducing the monthly purchases later this year…

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