Deeper Analysis
October in Figures
November 1, 2017
Whereas September had experienced upward pressure on long-term interest rates, October had a slight downward bias. The rhetoric after central bank meetings in Japan and Euroland was a bit more dovish than expected, leaving an impression there will not be an initial interest rate hike in 2018 by either. Stock markets performed will during October, […] More
Central Bank Watch
FOMC Statement Conveys Little New Information
November 1, 2017
The FOMC statement was released at 18:00 GMT. Fifteen minutes later, key market prices — the dollar, 10-year Treasury yield, gold, oil and the DOW — were barely changed. The message was one of continuity. The November 1, 2017 FOMC statement reads almost identically to the one from the prior meeting on September 20. The current […] More
Central Bank Watch
FOMC Preview
November 1, 2017
A press conference is not scheduled for after the release of today’s FOMC statement, set for 14:00 EDT (18:00 GMT). By a unanimous vote , the federal funds target range of 1-1.25% was maintained at the last FOMC meeting on September 20. Nor is a change expected at this week’s meeting, but the statement will […] More
New Overnight Developments Abroad - Daily Update
Stocks and Commodities Up, Manufacturing PMIs Out, and FOMC Announcement on Tap
November 1, 2017
On this All Saints Day, the dollar rose 0.5% to a 6-month high against the yen and also posted advances of 0.4% against the Swiss franc while moving above par and 0.3% relative to the euro. The dollar is steady against the loonie, peso and sterling but has fallen 0.7% relative to the kiwi and […] More
