Central Banks

Fed’s Barkin speaking Inflation is low. That’s a victory, not a defeat Consumer spending is incredibly strong risks more tilted to the downside than balanced That’s a new way of looking at inflation this week…. Of course inflation used to be that invisible thief, that stole money from consumers pocketbooks.  Central banks and consumers alike
Bank of Japan Governor Kuroda speaking Japan’s economy has been expanding moderately as a trend, though exports, output have been affected by overseas slowdown Japan’s economy likely to continue expanding moderately as a trend, though affected by overseas slowdown for time being consumer inflation is moving in range of 0.5%-1.0% Japan’s financial system is maintaining
The RBA decision is at 0430 GMT Bank of America Merrill Lynch Global Research discusses its expectations for the RBA’s July policy meeting. “The Reserve Bank of Australia (RBA) looks likely to deliver back-to-back cuts. They have signaled that easier policy will be needed,so would presumably want to avert a surprise considering current market pricing and an unwelcome tightening of financial
Reserve Bank of Australia Governor Lowe spoke earlier, posts: While I focused on his policy comments the local press here in Australia, the Australian Financial Review, focus on some dissonance Lowe noted: “There are investors who think the outlook is sufficiently weak that they expect central banks right around the world to cut interest rates
The Reserve Bank of New Zealand  policy announcement is due June 26 at 0200GMT Earlier previews: Via BNZ (this in brief, bolding mine): Immediately after May’s Monetary Policy Statement (MPS) we highlighted that the Reserve Bank would be cutting rates again. At that time we noted that we were “ambivalent between August and November” with
Comments from Brainard: Recent risks have brought important downside risks for US economy, including policy uncertainty Recent US inflation indicators have been disappointing, making it important to sustain momentum Most likely path for the US economy remains solid The latest data suggest that consumer spending is robust, and consumer confidence is high Downside risks could
Comments by Fed vice chair, Richard Clarida, to Bloomberg TV US is close to 2% inflation target Outlook is for sustained economic expansion There is elevated uncertainty in the last six to eight weeks Uncertainty on trade is weighing on sentiment Says will act appropriately to sustain expansion Europe and Japan are well away from
Société Générale with their outlook for the BOJ remained on hold at the June monetary policy meeting The focus among market participants ahead of the meeting had been on whether the BoJ would give any signals that it will follow the recent dovish trend of global central banks.  However … Strong domestic fundamentals continue to
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Thoughts on the Fed decision a day later After some time to reflect on the FOMC decision, what stands out his how comprehensively and completely Powell folded. A shift to something more dovish was warranted but he completely threw in the towel. All the talk of transitory pressure pushing inflation lower was abandoned. He didn’t
I’ll just give the main points on this, via Commonwealth Bank of Australia Group economists expect the FOMC to cut the federal funds rate by 25 basis points to a target range of 2.00-2.25 per cent at the next meeting on July 30-31 further interest rate cuts are expected as US-China trade tensions weigh on US
Fed keeps rates unchanged.   Information received since the Federal Open Market Committee met in May indicates that the labor market remains strong and that economic activity is rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although growth of household spending appears