Archive for October 12th, 2010

Central Bank Watch

FOMC Minutes: Some Inferences to Draw

October 12, 2010

On the key question about whether to launch QE2, the majority of U.S. monetary policy makers were predisposed to doing such, but a wait-and-see camp was larger than just Tom Hoenig, who continued to dissent in favor of a 25-basis point rate increase.  In the key passage below, “several” constitutes more people than “some,” the […] More

New Overnight Developments Abroad - Daily Update

New Wave of Risk Aversion

October 12, 2010

Typical of a more risk adverse market, the dollar is higher except against the yen and Swissy.  Stocks, commodity prices and sovereign bond yields are lower.  After a three-day weekend, the Nikkei dropped 2.1%.  The Paris Cac, British Ftse and German Dax currently show declines of 1.3%, 0.9%, and 0.6%.  Equities also fell by 1.7% […] More