Foreign Exchange Insights and Next Week
Focus to Shift From Fed Watching to Data Combing
August 26, 2016
In the week just ending, financial market participants were consumed with today’s scheduled speech by Janet Yellen at the K.C. Fed-sponsored Jackson Hole central banking symposium. The Fed Chair made some news by reporting progress toward the Fed goal of 2% inflation as well as its jobs growth mandate had occurred, and that the case for […] More
Foreign Exchange Insights and Next Week
Next Week
August 26, 2016
Central Banks: The annual Jackson Hole Symposium ends tomorrow. Monetary policy meetings are scheduled next week in Brazil, Israel and Colombia. Lacker and Kashkari are two of the Fed officials speaking publicly next week. So are DeBelle of the Reserve Bank of Australia and Nowotny of the ECB. British Holiday: Late summer bank holiday on […] More
New Overnight Developments Abroad - Daily Update
Rising Expectations of a Fed Rate Hike before Yearend
August 26, 2016
Today’s focus is on Janet Yellen’s address in Wyoming this morning. Ahead of that speech, markets are pricing more than even odds of a hike in the federal funds rate at one of the three remaining FOMC meetings this year and up to a 30% probability officials act at the September meeting. The dollar lost […] More
