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Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Founder & Head of Research

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

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<ul>
<li>A more hawkish interpretation of the data in the statement appears to be more a justification for the FOMC’s decision</li>
<li>There is still scope for renewed Fed easing if either inflation or labor market data weakens, and we will see two months of employment and CPI data</li>
<li>The most significant adjustment to the FOMC statement was a removal of a reference to inflation making progress toward the 2% objective.</li>
</ul>


A more hawkish interpretation of the data in the statement appears to be more a justification for the FOMC’s decision
There is still scope for renewed Fed easing if either inflation or labor market data weakens, and we will see two months of employment and CPI data
The most significant adjustment to the FOMC statement was a removal of a reference to inflation making progress toward the 2% objective.


FOMC Still Data Dependent in Uncertain Policy Environment