Archive for September 27th, 2022

Deeper Analysis

Rundown of Tuesday U.S. Data Releases

September 27, 2022

Home price inflation decelerated in July to a 15-month low of 16.1% according to the Case-Shiller index and to a 17-month low of 13.9% meaured by the FHFA index. The Dallas Fed manufacturing survey index weakened 4.3 points to a 2-month low of -17.2 in September, but the Richmond Fed manufacturing index recovered eight index […] More

Central Bank Watch

Nigerian Policy Rate Increase Also Greater than One Percentage Point

September 27, 2022

The policy interest rate of the Central Bank of Nigeria was hiked by 150 basis points to 15.5%, the highest level in over a decade and a half. The rate had been reduced by 200 basis points in 2020. Three increases this year since May total 400 basis points. CPI inflation of 20.5% last month […] More

Central Bank Watch

125-Basis Point Hungarian Base Rate Hike Exceeds Expectations

September 27, 2022

Hungary’s central bank base rate has been raised by a further 125 basis points to 13.0%. Although greater than analysts were anticipating, the increase didn’t keep pace with the 1.9 percentage point acceleration of Hungarian CPI inflation to 15.6% in August from 13.7% in July and 4.9% in August 2021. The base rate had been […] More

New Overnight Developments Abroad - Daily Update

Back and Fill

September 27, 2022

Today has been a day for counter-trend financial market movements. The dollar and sovereign debt yields are down. Stocks and commodities have rallied. The dollar has fallen 0.6% against the Swiss franc, 0.4% versus the euro and in weighted terms, 0.3% relative to the yen, and 0.2% against sterling. Bitcoin jumped 5.2% overnight, while prices […] More

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