German labor statistics

The Reaction to the Fed Statement

October 30, 2014

The FOMC communique was more hawkish than expected.  Weak growth in Europe and enhanced global market volatility since the prior policy meeting did not deter monetary officials from ending the third phase of quantitative easing  and declaring that U.S. deflationary risks had diminished.  There was also a shift in direction of dissenting votes on the […] More

Firmer Stocks, Dollar and Yen

May 28, 2014

Share prices have risen 1.0% in China and South Korea, 0.7% in New Zealnad and Taiwan, 0.6% in Hong Kong, 0.4% in Indonesia, and 0.3% in Australia.  In Europe, equities so far are up 0.8% in Italy, 0.3% in Spain, and 0.1% in Paris, London, Frankfurt and Zurich. The dollar is 0.1% softer against the […] More

Yellen Confirmed by Senate

January 7, 2014

The senate approved the nomination of Janet Yellen as the next Fed Chairperson by a comparatively underwhelming 56-26 margin.  Many Republicans opposed the choice on principle, and there were several absentees caused by America’s deep freeze that stymied traveling. The dollar rose overnight by 0.5% against the Australian dollar, 0.4% relative to the loonie, 0.3% […] More