Central Banks

Fed funds rate held in the 1.75%-2.00% range Highlights of the statement: Household spending has ‘grown strongly’ versus spending ‘has picked up’ previously Economic activity has been rising at a ‘strong’ rate versus ‘solid’ rate. Unemployment rate has ‘stayed low’ versus ‘declined’ 12-month inflation ‘remains near’ 2% versus ‘moved close to’ 2% No changes in guidance
FOMC statement from June 13, 2018 (I’ve highlighted some key passages) Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment
The Bank of Japan July monetary policy decision Headlines via Reuters: BOJ MAINTAINS LONG-TERM YIELD TARGET AROUND ZERO PCT, MAKES ITS POLICY FRAMEWORK MORE FLEXIBLE BOJ MAINTAINS SHORT-TERM INTEREST RATE TARGET AT -0.1 PCT BOJ CHANGES PLEDGE ON LONG-TERM YIELD TARGET BOJ: ADOPTS FORWARD GUIDANCE ON POLICY RATES BOJ: WILL MAINTAIN VERY LOW RATE LEVELS
The Federal Reserve’s Federal Open Market Committee meet on Wednesday While it is a busy day in Asia today I thought I’d take a moment for a look further ahead. I know there are those very interested in what is to come on the horizon; Via RBC, not looking for anything much of significance, which
The  International Monetary Fund with its latest on China Growth expected at 6.6% this year. This is an unchanged forecast from the Fund, their previous was in May, also at 6.6% IMF said China’s headline inflation is expected to rise gradually to around 2.5%, producer price inflation would moderate. IMF praised China’s progress on reducing financial
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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