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🔥🇺🇸#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
🔥🇺🇸#спикерыфрс
Буллард - вероятность рецессии в США возросла, потому что кривая доходностей почти инвертировалась:

⚠️🇺🇸#экономикасша #рецессия #инвертированнаякривая FED'S BULLARD SAYS PROBABILITY OF RECESSION IN U.S. HAS TICKED UP BECAUSE THE YIELD CURVE HAS NEARLY INVERTED

#ставкасша #дкпсша возможно понижении ставки - но это не базовый сценарий

Fed’s Bullard: Fed Rate Cute Possible, Not A Baseline Case
🇺🇸#спикерыфрс #дкпсша #ставкасша
Bostic ожидает, что ФРС поднимет ставку еще 1 раз в 2019
🇺🇸#спикерыфрс
#ставкасша текущая ставка ФРС в 2.4% - это как раз "нейтральный" уровень

#дкпсша ФРС может себе позволить быть "терпеливой" в отношении ДКП

⚠️#ввпсша #экономикасша ВВП США Скорее всего замедлится до 2%

🔥❗️😳#qeqtсша #qeqt ФРС может рассмотреть новое QE

🔥❗️😳#ставкасша ФРС может рассмотреть ОТРИЦАТЕЛЬНЫЕ ставки

- Williams