Central Banks

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A piece from Bloomberg on presidential pressure for low US rates and what the Federal Reserve  might do to demonstrate its independence Fed Chairman Jerome Powell and his colleagues on the Federal Open Market Committee may feel more inclined to demonstrate their political independence and hike rates when facing a close decision. “The president’s comments may
Powell from his interview with Marketplace radio We’ve seen wages move up ‘a little bit more’ in the past year Productivity has been very low  There is still a bit of a puzzle in that we’re hearing about labor shortages now all over the country in many, many different occupations in different geographies. And one
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
Central banks should be trying to minimize volatility but the Bank of Canada has embraced it The Bank of Canada seems to view volatility is a virtue and it’s hurting the Canadian economy. There is no value whatsoever in surprises, but Poloz seems to think it’s best never to send a clear signal and then
Sweden’s central bank announces its July monetary policy decision Prior -0.50% Rate increases may start towards the end of the year Inflationary pressures are moderate Deputy governor Floden entered a reservation against repo rate path in the report Floden advocated a repo rate path that indicated an initial increase of repo rate by 0.25% in
The Reserve Bank of Australia monetary policy decision and statement are due at 0430GMT I posted previews here: This now via Westpac: The RBA will hold rates unchanged at their July meeting, as they have since they last cut rates in August 2016. The Governor’s decision statement is likely to repeat the line that: “further