Central Bank Watch
October 29, 2026
A scheduled policy review was conducted today in Ukraine, an economy hit by the double-whammy of brutal and constant bombardment from Russia and the high elevation of energy prices that all countries are feeling. Officials at the National Bank of Ukraine had raised their discount rate twice before by half a percentage point each recently […] More
Tags: National Bank of Ukraine
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Uncategorized
October 29, 2026
All things considered, financial market reactions to today’s heavy flow of information have been subdued. The dollar is 0.1% above Wednesday closing levels against the euro and yen and unchanged relative to the Canadian dollar and sterling. After plunging sharply at first following the inconclusive Israeli election result, the shekel has recovered and showing scant […] More
Tags: European Central Bank, National Bank of Ukraine, U.S. GDP and PCE price deflator
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Central Bank Watch
October 28, 2026
The two-day FOMC statement ended with an as-expected decision to leave the federal funds target range unchanged at 3.75-4.00%. Unlike the unanimous 12-0 vote at the previous policy review in mid-September, today’s 10-2 decision included dissenting votes from Governor Lisa Cook and Cleveland Fed District President Beth Hammack. Cook has been the target of President […] More
Tags: FOMC statement and Warsh press conference
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Central Bank Watch
October 28, 2026
The Federal Open Market Committee can justify the widely expected decision of leaving the Fed funds target unchanged at 3.75-4.00% on the economic grounds that only six weeks have passed since the rate was increased in mid-September, considerably more information will be gleaned by the December review, and the fact that inflation according to the […] More
Tags: FOMC preview
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Central Bank Watch
October 28, 2026
The Bank of Canada updates macroeconomic forecasts in July, October, January and April. Given the sizable full percentage point increase in projected consumer price inflation in 2027 from 2.0% assumed at the July update to 3.0% this time, today’s 25-basis point interest rate hike to 2.5% looks like only the start of a tightening cycle. […] More
Tags: Bank of Canada interest rate hike
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New Overnight Developments Abroad - Daily Update
October 28, 2026
The evolution of oil prices continues to be a primary driver of financial market activity. Brent and WTI prices for crude oil rose overnight by 1.3% and 1.8% as investors reacted to an inconclusive Israeli election, a report that the U.S. is considering a brief military action against the Iran following next week’s midterms, and […] More
Tags: Australia CPI, Bank of Thailand, Namibian interest rate hike, Reserve Bank of New Zealand, U.S. goods trade deficit
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Larry's Blog
October 27, 2026
Two of President Trump’s most commonly used words are “deal” and “hoax.” A best-seller The Art of the Deal written in 1987 describes his business philosophy and tactics in great detail. On retrospect these forty years later, a parallel book that one might call The Art of the Hoax would be even more revealing about […] More
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New Overnight Developments Abroad - Daily Update
October 27, 2026
Financial markets have been choppy today as a number of potential market movers lie just ahead: Israel’s parliamentary election today represents a crossroads in the nation’s international image. From the what-else-is-new-department, there’s been conflicting chatter regarding the conflict in Iran. A rare publicized comment from the enigmatic new Supreme Leader Mojtaba Khamenei calling for an […] More
Tags: Israeli election today, National Bank of Kyrgyzstan, South Korean GDP and consumer confidence
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Central Bank Watch
October 26, 2026
The State Bank of Pakistan’s policy interest rate was raised 50 basis points to 12.0% by a vote of 9-1. This was the first increase since a 100 basis point increase back in April, which in turn represented a trend reversal from a previous rate cutting cycle that began in June 2024 at 22% and […] More
Tags: State Bank of Pakistan
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New Overnight Developments Abroad - Daily Update
October 26, 2026
(116) Oil prices remain a key driver of economic life around the world. At $115.2 and $101.9 per barrel, Brent and West Texas Intermediate crude costs remain above the $100/barrel threshold, but they are 1.3% and 2.0% below pre-weekend closing levels amid reports of some back-channel diplomatic efforts and news of near-normal traffic through the […] More
Tags: elections in Brazil and Serbia, German business climate index, State Bank of Pakistan
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