Deeper Analysis
July 2024 in Figures
July 31, 2024
From a geopolitical standpoint, July was a tumultuous month. Britain got a new government, and the second round of French elections deprived the Far Right of the win that had seemed inevitable. U.S. Republican presidential candidate Trump barely escaped an assassination attempt, and President Biden gave up his quest for a second term, shifting the […] More
Central Bank Watch
FOMC Statement and Powell’s Press Conference
July 31, 2024
Today’s FOMC statement modified the prior statement of June 12 in two notable ways. First, labor market conditions depict less tightness, with job gains that were previously seen as strong being depicted now as having moderated and with the jobless rate still low but having moved up lately. Second and even more noteworthy, the last […] More
Central Bank Watch
Bank of Japan Announces Several Policy Changes
July 31, 2024
Just four months ago, the BOJ made a baby step toward normalizing its ultra-loose monetary policy, ending the negative 0.1% short-term interest rate that had prevailed since January 2016, lifting such to 0.0-0.1%. By a 7-2 margin with two dissents in favor of another baby step, the short-term call rate was raised to 0.25%, as […] More
