Central Bank Watch
Bank of Israel
August 29, 2016
Israel’s last central bank interest rate change occurred in February 2015. A 15-basis point cut then to 0.10% culminated 325 basis points of easing that had begun during 2011. This month’s statement from the bank of Israel notes that market-implied measures do not anticipate a rate hike before 2018, and the opportunity is not taken […] More
Deeper Analysis
Factors for the Fed to Consider
August 29, 2016
When the first and so far only federal funds hike of the current cycle was implemented last December, U.S. real GDP had only risen 0.9% at an annualized rate between the summer and autumn quarters. At the start of some previous tightening cycles, U.S. real GDP had advanced much more quickly than 0.9%, to wit […] More
New Overnight Developments Abroad - Daily Update
Continuing Reaction to the Fed’s Message from Jackson Hole
August 29, 2016
Investors are much more inclined to think a federal funds rate hike likely next month than before the slew of comments made at the Jackson Hole conference. In reaction, stocks and commodities are lower, and the dollar is mostly firmer. Dollar overnight gains amount to 0.3% against the yen, 0.2% versus sterling and the yuan […] More
