Central Bank Watch
FOMC Minutes
February 19, 2014
The most interesting paragraph to be found in minutes from the Federal Open Market Committee meeting of January 28-29 revealed that a few committee members desire a federal funds rate hike by around mid-2014, but few in the Fed lexicon suggests two or three people from a total of ten voting officials plus eight non-voting […] More
Larry's Blog
Comment on Long-Term U.S. Unemployment and the Baby Boomer Generation
February 19, 2014
The lengthy duration of U.S. unemployment has lately captured greater attention than the overall jobless rate, which has fallen to just above the Fed’s original labor market threshold guiding monetary policy. Within the segment of labor force members, who need a job but have been out of work for a half year or more, a […] More
Central Bank Watch
Central Bank of Chile Eases
February 19, 2014
Chile’s policy interest rate has been reduced by 25 basis points for the third time in five months, and the forward guidance retains an easing bias: “The Board estimates that in the coming months it might be necessary to increase the monetary stimulus to ensure that projected inflation will stand at 3% in the policy […] More
New Overnight Developments Abroad - Daily Update
Difficulties for Emerging Market Currencies Despite Lower Chinese Money Market Rates
February 19, 2014
Bloody street unrest with deaths reported in the Ukraine and Thailand have generated selling pressure on a wide spectrum of emerging market currencies overnight, including the hryvnia, baht, rand, ruble, forint, zloty, and koruna. Investors await FOMC minutes due at 19:00 GMT today and in the meantime are perusing an unexpected rise in the British […] More
