Archive for February 19th, 2014

Central Bank Watch

FOMC Minutes

February 19, 2014

The most interesting paragraph to be found in minutes from the Federal Open Market Committee meeting of January 28-29 revealed that a few committee members desire a federal funds rate hike by around mid-2014, but few in the Fed lexicon suggests two or three people from a total of ten voting officials plus eight non-voting […] More

Larry's Blog

Comment on Long-Term U.S. Unemployment and the Baby Boomer Generation

February 19, 2014

The lengthy duration of U.S. unemployment has lately captured greater attention than the overall jobless rate, which has fallen to just above the Fed’s original labor market threshold guiding monetary policy.  Within the segment of labor force members, who need a job but have been out of work for a half year or more, a […] More

Central Bank Watch

Central Bank of Chile Eases

February 19, 2014

Chile’s policy interest rate has been reduced by 25 basis points for the third time in five months, and the forward guidance retains an easing bias:  “The Board estimates that in the coming months it might be necessary to increase the monetary stimulus to ensure that projected inflation will stand at 3% in the policy […] More

New Overnight Developments Abroad - Daily Update

Difficulties for Emerging Market Currencies Despite Lower Chinese Money Market Rates

February 19, 2014

Bloody street unrest with deaths reported in the Ukraine and Thailand have generated selling pressure on a wide spectrum of emerging market currencies overnight, including the hryvnia, baht, rand, ruble, forint, zloty, and koruna. Investors await FOMC minutes due at 19:00 GMT today and in the meantime are perusing an unexpected rise in the British […] More

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