Central Bank Watch
50-Basis Point Czech Interest Rate Cut’s Size Exceeded Street Consensus
June 27, 2024
Many forecasters were expecting the Czech two-week repo rate to be reduced by only 25 basis points. The koruna has depreciated like many other currencies against the dollar, and expectations about future Fed easing have been scaled back. The surprise 50-basis point cut was the fourth this year of that size and brings the decline […] More
New Overnight Developments Abroad - Daily Update
Debate Night and So Much More
June 27, 2024
Tonight’s first of two scheduled prime-time debates between Joe Biden and Donald Trump has financial market participants on edge. So do upcoming releases of U.S. GDP, personal consumption, and and the PCE price deflator as well as French parliamentary elections this weekend. Japanese Finance Minister Suzuki protested the yen’s further drop to 160.8 per dollar, […] More
