Fed Chairman Powell
Central Banks and Manufacturing PMI Reports in the Spotlight
August 1, 2019
The Bank of England Monetary Policy Committee left policy settings unchanged by a unanimous 9-0 vote as was expected. Today’s report coincided with the release of the quarterly Inflation Report. Projected growth in the U.K. last quarter was likely zero percent and that for 2019 has been lowered to 1.3%. The forecast assumes a Brexit […] More
Two Surprises
May 20, 2019
The new week is greeting investors with two unexpected developments, one political and the other economic. The right-of-center Liberal-National coalition government of Australia was headed for defeat in parliamentary elections according to previous opinion polls but instead defeated its Labour Party opponent. Scott Morrison will remain prime minister, and he campaigned on a promise of […] More
Dollar Rises as Powell Testimony Continues
July 18, 2018
The dollar is unchanged against the yen but extended its rise otherwise by gaining a further 0.6% against sterling, 0.3% versus the loonie, Aussie dollar and yuan, 0.2% relative to the euro and 0.1% vis-a-vis the Swiss franc and kiwi. The U.S. currency also strengthened overnight against a broad spectrum of emerging market currencies like […] More
