Deeper Analysis
What Harm Could a Small U.S. Interest Rate Hike Do in 2014?
February 21, 2014
This subject was broached today on Bloomberg Radio. There are many people, some even among Federal Reserve officialdom, who’d like to see a down payment on interest rate normalization be made sooner, lest people start to believe that officials opposed will always find reasons to argue that rate tightening is too premature. The 0-0.25% fed […] More
Foreign Exchange Insights and Next Week
Next Week
February 21, 2014
Central bank interest rate meetings will be held in Israel, Brazil and Colombia during the final week of February. A speech on Thursday by Chairperson Janet Yellen leads a lengthy list of Fed officials making public statements next week. Such also includes Rosengren, Tarullo, Pianalto, Evans, Lockhart, Plosser, Kocherlakota and Stein. Bank of England Governor […] More
New Overnight Developments Abroad - Daily Update
Canadian Dollar, Australian Dollar and Chinese Yuan Are Weaker
February 21, 2014
The loonie has traded 0.6% lower against its U.S. counterpart ahead of the release of Canadian retail sales later today, which probably did poorly. Canadian consumer prices also arrive. The yuan, off 0.2% today, will post its greatest weekly slide in a few years. Chinese stocks fell 1.0% on concerns about the growth outlook in […] More
