Central Bank Watch
Bank of Canada Keeps Interest Rate Reduction on Hold
June 4, 2025
As many analysts were expecting, Canada’s policy interest rate was left unchanged at 2.75% today. Officials had also paused policy easing at the previous review in April, interrupting a string of rate cuts begun in June 2024 from a cyclical high of 5.0% maintained since July 2023. Canadian consumer price inflation had crested in mid-2022 […] More
Deeper Analysis
An Unflattering Picture Depicted by the Latest Federal Reserve Beige Book of Regional Economic Trends
June 4, 2025
Before each of the scheduled FOMC meetings, each of the twelve districts survey contacts in their districts for impressions regarding economic activity, labor market conditions and price trends. Responses are summarized in the Beige Book, published today and covering the period from the prior meeting up to May 23rd. In the Boston, New York, Philadelphia, […] More
New Overnight Developments Abroad - Daily Update
A New South Korean President, Central Bank Developments, Service Sector PMIs, and Anticipating U.S. Jobs Data
June 4, 2025
Lee Jae-Myung, a former human rights lawyer who successfully led opposition to South Korean martial law and favors pragmatic diplomacy, has been elected to a 5-year term as the country’s next president. The South Korean Kospi stock market index jumped 2.7% today, and the won appreciated 0.9% against the dollar on the lessening of political […] More
