2019-12-11 14:35:02 14:35 12/11/19 12/1114:35 12/11/1914:35 | FOMC forecast revisionsFOMC forecast revisions showed a surprising downshift in 2019 GDP forecasts but boosts for future years, alongside the expected trimming for the PCE chain price estimates and downward tweaks in most of the jobless rate forecasts that reflect recent tight labor market data. The dot plot forecasts were lowered to reflect consensus forecasts of no policy change from the current 1.625% rate through 2020, though four policymakers expect one rate hike in 2020. Policymakers expect a rate climb past 2020, though with levels that are ratcheted down to reflect the October rate cut. The Fed's GDP central tendency for 2019 Q4/Q4 GDP growth was lowered to 2.1%-2.2%, which is well below our own 2.4% estimate. The Fed's chain price central tendencies were lowered to 1.4%-1.5% for the headline and 1.6%-1.7% for the core, versus our estimates of 1.5% and 1.6%. The 2019 jobless rate central tendency was lowered to 3.5%-3.6%, hence including the current 3.5% jobless rate. Analysts saw downward revisions in the low-end long-run assumptions for both the Fed funds rate and the jobless rate, as the Fed is increasingly associating a lower neutral rate and a larger Fed portfolio with a lower noninflationary jobless rate. page for a table of assumptions for the Fed's revised forecasts. |
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Syndicate
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Liberty Media Acquisition opens at $13.20, IPO priced at $10 »
10:40 01/22/21 01/2210:40 01/22/2110:40
LMACA
Liberty Media Acquisition
Liberty Media
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AstraZeneca informs EU Commission of vaccine delivery issues, Bild says »
10:38 01/22/21 01/2210:38 01/22/2110:38
AZN
AstraZeneca
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SCP & CO Healthcare Acquisition opens at $10.45, IPO priced at $10 »
10:37 01/22/21 01/2210:37 01/22/2110:37
SHAC
SCP & CO Healthcare Acquisition
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Flex put volume heavy and directionally bearish »
10:35 01/22/21 01/2210:35 01/22/2110:35
FLEX
Flex
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EIA natural gas storage change for week ending January 15 »
10:31 01/22/21 01/2210:31 01/22/2110:31
USO
United States Oil Fund
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Primavera Capital Acquisition opens at $10.70, IPO priced at $10 »
10:27 01/22/21 01/2210:27 01/22/2110:27
PV
Primavera Capital Acquisition
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First Horizon sees FY21 net interest income down low to mid single digits »
10:27 01/22/21 01/2210:27 01/22/2110:27
FHN
First Horizon
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First Horizon sees Q1 NII down in mid-single digit percentage range »
10:26 01/22/21 01/2210:26 01/22/2110:26
FHN
First Horizon
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United Wholesale Mortgage, Gores Holdings IV close business combination »
10:25 01/22/21 01/2210:25 01/22/2110:25
UWMC
UWM Corporation
Gores Holdings IV
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Marathon Patent Group call volume above normal and directionally bullish »
10:25 01/22/21 01/2210:25 01/22/2110:25
MARA
Marathon Patent Group
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Cantor biotech, biophama analysts hold analyst/industry conference call »
10:25 01/22/21 01/2210:25 01/22/2110:25
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Navidea management to meet virtually with Oppenheimer »
10:23 01/22/21 01/2210:23 01/22/2110:23
NAVB
Navidea
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FedEx management to meet virtually with Oppenheimer »
10:21 01/22/21 01/2210:21 01/22/2110:21
FDX
FedEx
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MoneyGram expands Visa debit card deposit service across Europe »
10:19 01/22/21 01/2210:19 01/22/2110:19
MGI
MoneyGram
Visa
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Tabula Rasa HealthCare may have lost MTM deal at Aetna, says Baird »
10:18 01/22/21 01/2210:18 01/22/2110:18
TRHC
Tabula Rasa HealthCare
CVS Health
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Desktop Metal participates in a conference call with Benchmark »
10:17 01/22/21 01/2210:17 01/22/2110:17
DM
Desktop Metal
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NASDAQ market internals summary »
10:17 01/22/21 01/2210:17 01/22/2110:17
$NSD
NASDAQ Market Internals
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MoneyGram trading halted, volatility trading pause
10:16 01/22/21 01/2210:16 01/22/2110:16
MGI
MoneyGram
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NYSE market internals summary »
10:16 01/22/21 01/2210:16 01/22/2110:16
$NYE
NYSE Market Internals
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U.S. existing home sales rebounded 0.7% to 6.760 M in December »
10:15 01/22/21 01/2210:15 01/22/2110:15
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Fidelity National Information Services put volume heavy and directionally bearish »
10:15 01/22/21 01/2210:15 01/22/2110:15
FIS
FIS
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Week of 1/15 EIA Natural Gas Report to be released at 10:30
10:15 01/22/21 01/2210:15 01/22/2110:15
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