Archive for February 19th, 2015

Central Bank Watch

ECB and FOMC Minutes

February 19, 2015

The ECB meeting of January 22 authorized quantitative easing totaling 60 billion euros per month over the twenty months to September 2016.  This substantial loosening of monetary policy was taken in response to a weaker-than-hoped quantitative response by banks to initiatives launched last September, to newly arisen expectations of sub-zero CPI inflation “for some time,” […] More

New Overnight Developments Abroad - Daily Update

Market-Friendly News

February 19, 2015

FOMC minutes released late Tuesday revealed Fed policymakers are in no hurry to raise the fed funds rate, suggesting the first move may be closer to September than June.  Concern centers on signal of tightening while inflation is close to 1%.  Another worry is the Greek debt crisis. The ECB releases minutes of its January […] More