Archive for May 25th, 2022

Central Bank Watch

FOMC Minutes

May 25, 2022

FOMC minutes from the meeting of May 3-4 confirmed that most members favored raising interest rates by an increment of 50 basis points rather than 25 bps in the next several meetings. No surprise there, as that’s essentially what Chairman Powell conveyed right after the meeting ended. The minutes also reveal a readiness if deemed […] More

Central Bank Watch

New Zealand Interest Rate Hike

May 25, 2022

The Reserve Bank of New Zealand’s official cash rate was raised by the expected amount, 50 basis points to 2.0%, but the released statement ramps up the commitment to restoring price stability. The Committee is resolute in its commitment to ensure consumer price inflation returns to within the 1 to 3 percent target range. Consistent […] More

New Overnight Developments Abroad - Daily Update

Stronger Dollar After Another U.S. Gun Massacre

May 25, 2022

The dollar strengthened 0.4% overnight on a weighted basis, rising 0.7% against the euro, 0.6% versus the Australian dollar, 0.4% vis-a-vis the Swiss franc, and 09.3% relative to the Canadian dollar, Russian ruble, Mexican peso and sterling. U.S. stock indices are essentially flat in futures trading, and so is the 10-year U.S. Treasury yield. The […] More

css.php