Archive for January 17th, 2018

Deeper Analysis

Fed Beige Book Review

January 17, 2018

The Federal Reserve today released findings from its latest survey of regional economic conditions, known as the Beige Book.¬† It does this about two weeks prior to each of the eight scheduled FOMC meetings of the year. The latest report covers the period from roughly Thanksgiving to endyear. Economic growth was characterized a moderate in […] More

Central Bank Watch

Canada’s Third 25-Basis Point Central Bank Rate Hike in Six Months

January 17, 2018

The Bank of Canada’s Monetary Policy Council raised the overnight interest rate target to 1.25% from 1.0% today, following similar moves last September and July. A released statement revised upward projected GDP growth in 2018 and 2019 by 0.1 percentage point each to 2.2% and 1.6%. Growth has been led by domestic demand, whereas exports […] More

New Overnight Developments Abroad - Daily Update

Pause in the Action

January 17, 2018

Stocks show a calmer, healthier tone overnight¬†following Tuesday’s roller-coaster ride that saw the DOW initially soar over 200 points and break above 26K to 26,086 but ultimately crash to a 10-point loss on the day. Share prices eased just 0.5% in Australia, 0.4% in Japan, 0.3% in South Korea and Singapore but firm 0.2% in […] More