U.S. labor market data
Escalating Fear of a U.S. and Global Inflation
March 10, 2023
The subordination of U.S. monetary policy to an automatic formula tied to money growth in the early 1980’s was a politically effective way to put the economy in a deep recession and finally set inflation on a downward course. Nothing that drastic has been done yet, but investors are increasingly convinced that price stability can […] More
Dollar Extending Gains Against Commodity-Sensitive Currencies
February 7, 2020
The dollar rose overnight by a further 0.7% against the kiwi, peso, Russian ruble, and Aussie dollar and by 0.5% relative to the Chinese yuan. The dollar dropped 0.3% versus the yen and 0.1% vis-a-vis sterling but is unchanged against the euro. Intensifying concern about the spreading coronavirus epidemic provided an excuse for profit-taking in […] More
