Larry's Blog
Power Pitching and Home Runs on Display in the MLB 2022 Post-Season
November 3, 2022
Viewers of the World Series between the Philadelphia Phillies and the Houston Astros this week were treated to a barrage of power hitting and power pitching on adjacent days this week. In the first five innings of game 3 on Tuesday, five different Phillies’ players hit home runs against Houston pitcher Lance McCullers. No pitcher […] More
Uncategorized
75-Basis Point British Central Bank Rate Hike Decided by 7-2 Vote
November 3, 2022
The Bank of England’s Monetary Policy Committee voted 7-2 to lift the Bank Rate to 3.0%, its highest level in 14 years. The dissenting opinions favored smaller hikes of 50 bps by one and 25 bps by the other. This was the first time in over three decades that the Bank Rate has been raised […] More
New Overnight Developments Abroad - Daily Update
More Central Bank Rate Hikes and Dollar Rises to a Two-Week Weighted High
November 3, 2022
Big jumps in the dollar are continuing in the wake of yesterday’s sobering Federal Reserve press conference. The greenback is stronger than Wednesday closing levels by 1.5% against sterling, 1.0% versus the kiwi, 0.9% relative to the Swiss franc and Australian dollar, 0.6% vis-a-vis the euro and Canadian dollar, and 0.3% against the yen. Since […] More
Central Bank Watch
Incremental Size of Norwegian Rate Hike Reduced but Normalization Process Not Over
November 3, 2022
The Bank of Norway’s policy interest rate had been slashed early in 2020 from 1.50% to zero percent, where such remained from May of that year until a 25-basis point increase in September 2021. Two more 25-bp increases were done in September and December of last year, and with inflation intensifying, a trio of 50-basis […] More
Central Bank Watch
Malaysia’s Fourth 25-Basis Point Central Bank Rate Hike Since May
November 3, 2022
The overnight interest rate of Bank Negara Malaysia was raised by another 25 basis points as expected to 2.75%, which brings such back to its level in February 2020 after the first of four cuts early in the pandemic. The rate had been 1.75% from July 2020 until May 2022. A released statement projects continuing […] More
