Page 57 - Fomc News Today

A snippet preview of the Federal Open Market Committee minutes due Wednesday, 5 January 2022.

Until supply comes, market participants appear to be content to sit back and let the calendar flip to a new year without making any big moves.

Despite outside pressures, municipal fundamentals are strong with improving credit pictures, issuers flush with federal cash and the ongoing supply-demand imbalance.

It marked the 40th straight week of positive flows into the long-term funds and brought the total inflows for this year near $82 billion. Exchanged-traded funds saw $168M of inflows.

KUALA LUMPUR: The ringgit opened unchanged against the US dollar today, as the recent Federal Open Market Committee’s (FOMC) report signalled a more hawkish stance from the United States Federal Reserve (Fed), a dealer said.

The Federal Reserve has signalled support for three interest rate rises next year following the conclusion of the FOMC two-day policy meeting.

The Federal Reserve has signalled support for three interest rate rises next year following the conclusion of the FOMC two-day policy meeting.

Triple-A yield curves were unchanged on the day and mostly have not budged but a basis point in spots since the end of November.

Don’t forget about the BOE meeting tomorrow!

The Fed pivots from pumping up employment to removing accommodation. |