Central Bank Watch
FOMC: Market Reaction
June 24, 2009
The FOMC statement contained no significant surprises. Officials seem comfortable with how the recession and financial market strains are winding down and predicted subdued inflation “for some time” but without the risk of deflation that had been cited in the previous April 29th statement. Today’s wording did not clarify the timing for the start of […] More
Central Bank Watch
Polish Central Bank Rates Cut by 25 Basis Points
June 24, 2009
In a move that met analyst expectations, the National Bank of Poland cut its various short-term interest rates by 25 basis points. This was the first cut since March 25, although reserve requirements had been sliced to 3% from 3.5% in May. The key reference rate drops to 3.5% and has in total been reduced […] More
Central Bank Watch
Vital Market Signs At Previous Meetings of the FOMC
June 24, 2009
EUR/$ $/JPY 10Y, % DJIA Oil, $ 06/30/04 1.2173 109.44 4.63 10396 37.95 06/30/05 1.2090 110.89 3.96 10370 57.00 06/29/06 1.2527 116.07 5.20 11077 73.41 06/28/07 1.3452 123.17 5.10 13456 69.82 08/07/07 1.3749 118.55 4.73 13510 72.27 09/18/07 1.3888 115.75 4.51 13475 81.42 10/31/07 1.4458 115.28 4.42 13873 93.59 12/11/07 1.4682 111.49 4.11 13645 […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: OECD Upgrades Projected U.S. Growth
June 24, 2009
Investors await FOMC statement today around 18:15 GMT and also get U.S. data for new home sales, durable goods orders, and energy stocks. The dollar is unchanged against the yen, euro, and Swiss franc but has declined by 0.5-0.7% against sterling and commodity-sensitive currencies. Better tone in Asian stocks: Indonesia up 4.3%, Vietnam up 4.0%, […] More
