U.S. PPI

Eye on The Fed, Alabama, and Some Data Releases

December 12, 2017

The Federal Open Market Committee begins a 2-day policy review that almost surely will lead to the third interest rate hike of 2017. The first two moves were enacted in March and June. This will be the final FOMC meeting presided over by Janet Yellen. A press conference is scheduled tomorrow, and new forecasts will […] More

Dollar, Pound and Most Equities Falter as a Ton of Economic Data Got Released

November 14, 2017

The dollar rose 0.7% against sterling while posting losses overnight of 0.7% against the euro, 0.4% versus the Swiss franc, 0.2% vis-a-vis the Australian dollar, and 0.1% relative to the yen, loonie, peso and yuan. The kiwi fell 0.5%. Share prices declined 0.9% in Australia, 0.6% in Indonesia, Singapore and Hong Kong, and 0.5% in […] More

Reaction to Trump Remarks Muted by Coming Holidays

April 13, 2017

President Trump gave an exclusive interview to the Wall Street Journal in which among other things he complained that the dollar was too strong, proclaimed that China is not a currency manipulator, and jaw-boned the Fed to keep interest rates low. Markets were closed today in Norway and Mexico. Good Friday observances tomorrow will shut […] More

A Valentine’s Day Full of Data and Other Developments

February 14, 2017

Market Movement: The dollar is higher against sterling but lower against the euro, Swissie, yen, and commodity-sensitive currencies. Oil and gold climbed 1.3% and 0.7% overnight. 10-year German bund and Japanese JGB yields rose a basis point, while the 10-year Treasury and British gilt slid a basis point. Japan’s Nikkei slumped 1.1%. Central Bank News: […] More

Awaiting a Likely Fed Rate Hike and Yellen’s Press Conference

December 14, 2016

The Fed’s announcement is due at 14:00 EST (19:00 GMT). A rate hike is like for the first time in a year. Chair Yellen’s press conference starts 14:30 EST. New forecasts will be unveiled. The dollar is down 0.3% against the euro and yen. Ten-year sovereign debt yields fell overnight by six basis points in […] More

Surprise, Surprise, Surprise!

July 14, 2016

Surprise #1: Latest U.S. presidential opinion polls show the race between Trump and Clinton too close to call in key swing states, despite much greater political ad spending by the Democrats. ┬áTrump said he will unveil his VP choice Friday at 11:00 am EDT. Surprise #2: ┬áRising from the ashes, Boris Johnson was named British […] More

Scent of Monetary Restraint Coming to the U.K.

June 13, 2014

The annual Mansion House Speech from Bank of England Governor Mark Carney suggested that the first hike of the central bank interest rate may happen sooner than markets are assuming and possibly before year-end.  Actions against house price inflation appear imminent but will be introduced in a measured way. Three other central banks overnight left […] More

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