Flash News

TREE NEWS reports: Deutsche Bank Chief US Economist Matthew Luzzetti said the Federal Reserve’s latest dot plot came in slightly more hawkish than expected. The projection of the policy-rate path signaled less easing than markets had anticipated, Luzzetti said in remarks to Bloomberg Television. The dot plot is the Fed’s quarterly summary of officials’ individual rate expectations.

TREE NEWS reports: Former Federal Reserve Vice Chairman Richard Clarida, now PIMCO’s global economic advisor, said the PCE index overstates underlying US inflation. Clarida’s assessment was published as markets weigh the path of US price pressures and Fed policy.

TREE NEWS update: US Energy Secretary Wright spoke at a G20 event. No further details of the remarks were provided in the material. The appearance places the US energy chief at the Group of Twenty’s forum.

TREE NEWS update: Saudi Arabia, the UAE, Qatar, Bahrain and Oman raised interest rates by 25 basis points on September 16, hours after the US Federal Reserve announced its first rate increase in more than three years. Saudi Arabia’s central bank lifted its repo rate to 4.5% and its reverse repo rate to 4%.

TREE NEWS update: Federal Reserve Chair Warsh will hold a press conference at 02:30 Beijing time. The briefing is set for that time and no further details on the agenda or topics were provided. The event is scheduled to take place tonight.

TREE NEWS update: The Federal Reserve raised interest rates, its first hike since 2023, in a move Wall Street had almost unanimously priced in. Bitcoin spiked following the decision. No further details on the size of the increase or the market levels were provided.

TREE NEWS reports: KPMG chief economist Diane Swonk said the current period marks the beginning of a Federal Reserve rate-hiking cycle. Swonk described the U.S. economy as resilient but said that resilience does not “resonate” with many Americans, and that it is contending with shocks on both the supply and demand sides.

TREE NEWS reports: Former Fed Vice Chair Richard Clarida, now PIMCO global economic advisor, said the FOMC reached a consensus at its September monetary policy meeting, which he called significant. He said the 3.4% core PCE expectation is slightly high, and that the question is how stubbornly the shock will persist.

TREE NEWS reports: The Federal Reserve now expects the US unemployment rate to average 4.1% in 2026, revised down from its June projection of 4.3%. The central bank also sees unemployment at 4.1% in 2027 and 2028, and 4.1% in 2029, with the longer-run rate held at 4.2%.

TREE NEWS reports: The Federal Reserve now expects US GDP to grow 2.3% in 2026, up from its June projection of 2.2%. The central bank also lifted its 2027 forecast to 2.4% from 2.3%, kept 2028 unchanged at 2.2%, raised its longer-run estimate to 2.1% from 2.0%, and put 2029 growth at 2.1%.

TREE NEWS reports: The Federal Reserve now expects US core PCE inflation of 3.4% in 2026, up from its June projection of 3.3%. The central bank also lifted its 2028 forecast to 2.2% from 2.1%, while holding 2027 at 2.5% and projecting 2.0% for 2029.

TREE NEWS reports: The two-year US Treasury yield rebounded from a session low near 4.5975% to close in on 4.65% after the Federal Reserve released its policy statement. The Dow Jones Industrial Average turned negative, and gold slid from above $4,360 an ounce to below $4,320.

TREE NEWS update: The Federal Reserve’s Summary of Economic Projections now shows a federal funds rate of 4.1% for 2026, up from a June projection of 3.8%, implying one more rate hike over that period. The SEP also raised the 2027 forecast to 4.1% from 3.6%, the 2028 forecast to 3.9% from 3.4%, and the longer-run rate to 3.6% from 3.1%.

TREE NEWS update: The Federal Reserve raised its benchmark interest rate by 25 basis points to a range of 3.75%-4%. In its policy statement, the central bank said the increase will support inflation’s return to its 2% target.

TREE NEWS update: The US Federal Open Market Committee kept the lower bound of its federal funds rate target at 3.75%, matching expectations and up from the prior 3.5%. The decision leaves the policy rate floor a quarter-point higher than the previous reading.

TREE NEWS update: The US Federal Open Market Committee kept its target rate upper bound at 4%, in line with expectations and unchanged from the prior 3.75% upper bound. The decision leaves the Fed’s policy rate ceiling at 4% following the previous 3.75% level.

TREE NEWS update: The Federal Reserve Board and the Federal Open Market Committee released the economic projections from their September 15-16 FOMC meeting. The projections accompany the central bank’s latest policy deliberations, with the Fed’s quarterly Summary of Economic Projections typically covering growth, unemployment, inflation and the interest-rate path.

TREE NEWS update: The Federal Reserve has issued its FOMC statement. The statement follows the conclusion of the Federal Open Market Committee’s latest policy meeting. No further details were provided in the material.

TREE NEWS reports: Societe Generale’s Rajappa expects the Federal Reserve to raise interest rates again in December, with a possible further move in March 2027. The forecast points to a more hawkish policy path than current market pricing, though the material did not specify the size of either increase or the reasoning behind the call.

TREE NEWS reports: Ahead of the Federal Reserve’s policy statement, the 10-year Treasury yield fell 5.53 basis points to a session low of 4.9446%, while the 2-year yield dropped 5.9 basis points to hold near its low of 4.6017%. Spot gold rose 1.3% to hold near its session high of $4,360.85 an ounce. The S&P 500 gained 0.3%, the Nasdaq rose 0.6% and the semiconductor index added 1.5%, while the bank index slipped 0.6%.