Central Bank Watch
Bernanke
July 13, 2011
Round one of the July Humphrey-Hawkins testimony revealed little that wasn’t already obvious from known information, such as lackluster economic data trends and past Fed communications like the latest FOMC minutes and the Chairman’s press conference last month. The FOMC bias continues to err on the side of insufficient growth in jobs and GDP. Growth […] More
Central Bank Watch
Thailand’s Eighth Central Bank Interest Rate Hike
July 13, 2011
By a unanimous vote, Thailand’s Monetary Policy Committee lifted its key interest rate to 3.25% from 3.0%. Seven earlier hikes from a cyclical 1.25% lower were implemented in July, August and December of 2010 plus January, March, April, and June of this year. Thai growth is solid in spite of the struggles of economies elsewhere […] More
New Overnight Developments Abroad - Daily Update
Calmer Conditions but Situation Still Fragile
July 13, 2011
The market’s angina of Tuesday has faded somewhat. The strength of Chinese data including second-quarter GDP surpassed expectations, and Italy’s lawmakers appear poised to approve austerity by the end of this week. More hope exists that the U.S. debt ceiling will be lifted before August 2. The Bank of Japan’s monthly assessment accentuated positive developments […] More
