... cases undecipherable) language, and more humorous projections. Recall that the FOMC minutes in 2007 used such terms as moderate growth to ... do today. If you are so inclined to humor yourself  I offer you the latest FOMC minutes for your reading pleasure. One of my favorite lines ... (sarcasm intended). Does this look orderly? I think not. US Dollar Chart FOMC Minutes: FOMC Minutes November 2009

... Revelation. Capitalist activities around the world bankrupting nations. With the FOMC meeting, markets advanced after finding a support at ... Rejects Plan to Buy Fannie Mae Credits With the FOMC week, markets have advanced 3% for the week. $ ... at Chicago, the Fed Bernanke again pumped markets after the FOMC, obviously. With the financial, economic, and political drama, the financial gain ...

... criticised for making forecasts that are inferior to Federal Reserve staff forecasts. This column argues that FOMC forecasts are worst-case scenarios used to inform policy decisions, rather than best estimates of future events. It says that FOMC forecasts are a rational response to doubts about the staff’s model.” Creating Jobs: On the ...

... FOMC now sees economic risks balanced, as opposed to tilted towards the downside (I think this is too optimistic). And they also expect unemployment to remain elevated for some time. Here are the November FOMC minutes. Committee Policy Action:ost members projected that over the next couple of years, the unemployment rate would remain quite elevated and the level of inflation would remain below ...

The November 3 to 4 Minutes of the FOMC meeting are now out, and as you have been told over and over (and over and over)….  It has the flexibility to keep rates low for an extended period.  But what is of interest is the new FOMC outlook figures for what lies ahead in unemployment

Minutes of November 3-4 FOMC Meeting – Spots of Optimism are Visible, Concerns about Dollar, Commercial Real Estate Loans, and Low Interest Rates are Noticeable Forecasts ... 2009-2011 shows small changes from the June projections (see table 1). The employment report for October was published after the FOMC meeting. The unemployment rate in October was reported as 10.2% (9.8% in September and 9.4% ...

The FOMC released the minutes from its Nov. 3-4 meetings. Lately these minutes have really had something for everyone. As for me, I picked up on the following: "While these developments were positive, participants noted ... aggregate data indicating rapid productivity growth in recent quarters." In all, I think the FOMC minutes were another "things are less bad" report, but there ...

... at 0-0.25% as widely expected. The wordings that rates will be kept at exceptionally low level for an "extended period" of time was practically unchanged. After all, there was nothing special from the FOMC statement. Markets struggled to find directional initially after the release but dollar bears won the battle as markets digested the statement. The greenback is sharply lower against ...

In an unusual move, the Fed makes some comments on the US dollar in the latest FOMC minutes, noting that any tendency for dollar depreciation to intensify or to put significant upward pressure on inflation would bear close watching.  This comes after Fed Chairman Ben Bernanke noted last week that the central bank is closely watching the value of the dollar. Officials worry that low rates could ...

No big surprises in today’s FOMC minutes. The Fed sees the economy rebounding and will remain accommodative. I did find this line somewhat amusing, however: “As in June, nearly all participants judged the degree of uncertainty surrounding their projections of output growth and unemployment as higher than historical norms.” Complete Story »

... 0.5% to 2.5%. That's a little bit worrying, as it appears to indicate that the FOMC doesn't really know what's going to happen with inflation. But it apparently does feel confident in ... like food and energy. It looks largely the same as PCE, but a slightly lower. All in all, the FOMC appears far more optimistic about GDP and inflation than much of what I read in the blogosphere and ...

Key news The FOMC minutes do not indicate any change in the US monetary policy outlook. GM plan to sell Saab unit failed. US stock markets closed slightly lower ... (see story in FT and WSJ) as Koenigsegg pulls out of talks to buy the Swedish carmaker. The FOMC minutes and the updated projections do not indicate any change in the US monetary policy outlook. The primary concern remains the huge amount ...

The minutes of the latest FOMC meeting published yesterday did not present any surprises although there does appear to be growing concern amongst some members that the current policy is storing ... well mean that we will soon start to see at least a change in the tone of future statements as the FOMC starts to forewarn the market of a possible change in policy stance concerning the current stimulus ...

Obviously, no one at the FOMC is ready to commit on a narrow range as far as economic forecasts go. As David Rosenberg said in his update this Thanksgiving, FOMC estimates are quite wide. Take a look at his charts on this. Yes, these are the same guys who in 2008, thought that the sub prime crisis was contained, and that the U.S. economy was in decent enough shape.And these are the same people ...

G10 Advancers and Decliners vs USD JPY 0.50 GBP -0.13 EUR -0.15 CHF -0.16 FX markets have traded sideways today; as the morning bout of risk aversion on the back of weaker Asian equities soon gave way to risk appetite when European equities began recouping opening losses. We had a slew of data releases out of Europe in the morning, starting with Swiss Employment data that revealed a ...