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Next Week’s Menu: September 28-October 4, 2024
September 27, 2024
Central Banks: Monetary policies are to be reviewed in Romania, Poland and Iceland. The Bank of Japan’s quarterly Tankan survey of corporate conditions and expectations will be published. So will a summary of this month’s Board meeting. Chairman Powell heads a long list of Fed officials slated to speak publicly that includes Williams, Collins, Barkin, […] More
Central Bank Watch
Mexican Central Bank Cut
September 27, 2024
The Bank of Mexico‘s policy rate was cut late yesterday to 10.5% from 10.75%. That was the third reduction following others of 25 bps done in August and March of this year. A peak of 11.25% had been maintained for a full year from March 2023 until March 2024. Core Mexican CPI inflation is now […] More
New Overnight Developments Abroad - Daily Update
China and Japan Grab the Early Focus, but U.S. Personal Consumption and PCE Deflation Are Now On Deck
September 27, 2024
China’s previously announced 50-basis point cut in the required bank reserve ratio and several interest rate cuts took effect today, lending further support to that country’s stock market. The Shanghai Composite index and Hang Seng index of Hong Kong closed 2.9% and 3.6% higher today. The need for policy stimulus was underscored by the release […] More
