Central Bank Watch
FOMC Minutes
April 10, 2019
Today’s published FOMC minutes from the March 19-20 meeting do not include startling revelations not covered at Chairman Powell’s press conference. It was one of the most newsworthy meetings in a considerably long time, as policymakers scrapped plans for rate hikes in 2019 and implied no more than one hike in 2020, announced a decrease […] More
Central Bank Watch
ECB Governing Council Meeting: No Change in Stance Was Expected, and None Got Delivered
April 10, 2019
At the ECB Governing Council meeting, the structure of Euroland central bank interest rates since March 2016 (a zero percent refinancing rate flanked by an overnight deposit rate of -0.40% and a marginal lending facility rate of 0.25%), was again retained, and forward guidance reaffirmed that rates would stay at present levels or lower at […] More
New Overnight Developments Abroad - Daily Update
ECB Left Policy Unchanged, and Now Investors Await FOMC Minutes
April 10, 2019
At noontime in NY, the dollar was trading at Tuesday’s closing level against the euro and loonie but had drifted lower by 0.4% against the Australian dollar, 0.3% relative to sterling, and 0.2% vis-a-vis the yen and kiwi. The dollar is down more sharply against the peso but up 0.2% versus the Swiss franc and […] More
