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Reminder: US Macro Live, Yellen presser edition at 2:20pm EST

Summary:
Alex, Matt, and Cardiff are back to cover the Janet Yellen presser following the release of the FOMC statement for March.We’ll kick off the session at 2:20pm EST (6:20pm in London) to discuss the statement and look at the Fed’s new economic projections before the presser itself begins ten minutes later. You’ll find us at this link. See you then!And as always, we recommend the preview of the meeting from the Fed’s US economics editor Sam Fleming. An excerpt:The Federal Reserve’s ultra-cautious exit from super-easy monetary policy is likely to accelerate on Wednesday as the US central bank lifts short-term interest rates by another quarter point. What are the key signals to watch for as the Federal Open Market Committee meets?Policy change It would now be a significant shock if the US

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Alex, Matt, and Cardiff are back to cover the Janet Yellen presser following the release of the FOMC statement for March.

We’ll kick off the session at 2:20pm EST (6:20pm in London) to discuss the statement and look at the Fed’s new economic projections before the presser itself begins ten minutes later. You’ll find us at this link. See you then!

And as always, we recommend the preview of the meeting from the Fed’s US economics editor Sam Fleming. An excerpt:

The Federal Reserve’s ultra-cautious exit from super-easy monetary policy is likely to accelerate on Wednesday as the US central bank lifts short-term interest rates by another quarter point. What are the key signals to watch for as the Federal Open Market Committee meets?

Policy change

It would now be a significant shock if the US central bank did not lift the target range for the federal funds rate by another quarter point from the current 0.5 per cent to 0.75 per cent. …

How does the Fed see the economy?

The post-meeting statement seems likely to reaffirm the continued strengthening of the jobs market and moderate growth in the overall economy. It might acknowledge that the headline measure of inflation tracked by the Federal Open Market Committee is now at 1.9 per cent year on year, just a notch below the Fed’s target, although core inflation still remains a little further behind. …

How about the Fed’s forecasts?

The Fed will update growth, inflation and unemployment forecasts last released in November. Crucially, it will also produce a dot-plot showing individual policymakers’ predictions for the federal funds rate. As of December the median prediction was for three increases in 2017, but if four or more officials lift their outlooks to four increases it would be enough to shift the median up a notch. …

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