November 13, 2026
Speculation is in the air that monetary policies will be tightening, and that’s helping the dollar, whose rates already enjoy a premium in many cases. The Federal Reserve is universally expected to lift its 3.75-4.00% federal funds target in December, and market players see a small but not insignificant risk that the hike might exceed […] Read Article
November 13, 2026
Central Banks: Scheduled interest rate decisions in Hungary, Iceland, South Africa, Jamaica, Sri Lanka, China and Indonesia. Publication of minutes from the Reserve Bank of Australia and Federal Reserve. Williams, Hammack, Musalem and Paulsen of the Fed have speaking engagements; so do Governor Bullock of the Reserve Bank of Australia and Greene of the Bank […] Read Article
November 12, 2026
The National Bank of Serbia’s policy interest rate unexpectedly was raised by 25 basis points to 6.0%. Such was the first change since a fast trio of 25-bp declines in June, July and September of 2024. Serbian consumer prices leaped 0.8% on month in October, lifting their 12-month increase to a 14-month high of 4.4% […] Read Article
October 31, 2026
In October, peace in West Asia’s two wars proved elusive, sending oil prices sharply higher. West Texas Intermediate crude oil went up about 15%, for instance. The month will be also remembered for a rout of AI-related tech stocks and for the rising suspense surrounding the U.S. midterm elections, with President Trump sowing doubt about […] Read Article
November 13, 2026
The Central Reserve Bank of Peru late yesterday became the latest monetary authority with an increased policy interest rate. Such was increased by 25 basis points to 4.50%. The decision ended a 14-month stretch without any change in the rate and constitutes the first increase since January 2023. A campaign of 14 cuts began in […] More
November 12, 2026
The previously ubiquitous CEO of Nvdia Jensen Huang has resigned, shaking the tech world. Nvdia’s share price overnight had at one point tumbled over 10% in futures but recovered a net declined of 7% fifteen minutes into today’s trading day. Still that represents a 29% value loss since October 13. President Trump continues to claim […] More
November 11, 2026
While generally associated with attempted domestic policy initiatives that have exacted existential risk to sitting presidents such as reforming social security, medicare or immigration, two other factors have emerged in the post-WW2 era as even more suicidal to sitting U.S. administrations: inflation and forever wars. Last week’s midterm elections had elements of both. Excessive inflation […] More
November 11, 2026
The Bank of Mauritius repo rate was increased today to 5.0% from 4.75%. This was the the second such hike in 2026 and followed a single 50 basis point advance engineered in February 2025 that ended a 10-month stretch when the rate had bottomed at 4.0%. A statement released by this central bank from an […] More
November 11, 2026
The armistice that ended World War I was signed 108 years ago at the 11th hour of the 11th day of the 11th month of 1918. This anniversary of the end of the “war to end all wars” is commemorated as a holiday in France and Serbia. Today is a federal holiday in the United […] More
November 10, 2026
In response to a higher-than-anticipated U.S. consumer price inflation in October, U.S. share prices resumed a downward trajectory. The 10-year Treasury yield jumped to six basis points above Monday’s closing level, and the dollar strengthened as financial markets adjusted to a perceived 99% likelihood that the federal funds rate target will be lifted next month. […] More
November 9, 2026
(114) In weekend interviews aired on CNN and 60 Minutes, U.S. President confirmed that peace negotiations are continuing and that so long as that’s the case, a resumption of air strikes on Iran is “highly unlikely.” In response, the prices and West Intermediate and Brent crude oil are down so far today by 3.0% and […] More
November 6, 2026
Central Banks: Interest rate policies will be reviewed in Peru and Romania. Governor Bailey and chief economist Pill of the Bank of England and Goolsbee, Hammack, Williams and Daly of the Federal Reserve will be speaking publicly. Holiday and Events: France will be observing Armistice Day on November 11, the 108th anniversary of the end […] More
November 6, 2026
Other central bank interest rate announcements since Tuesday had revealed increases in the U.K., Sweden, Australia, Armenia, Czech Republic and Moldova, as well as decisions to leave rates steady in Malaysia, Uzbekistan, Norway and Brazil. However, from the Bank of Mexico late yesterday came unexpected and contrary news of a 25-basis point reduction in the […] More
November 6, 2026
Investors are groping to make sense of how the Republican Party’s broad and deep election losses might actually impact U.S. macro-economic, regulatory and foreign policies in the remaining two years of President Trump second term. It would be totally out of character for the president to capitulate, and it’s not clear that Democratic lawmakers will […] More
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