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Next Week’s Menu: July 26-August 1, 2025
July 25, 2025
Central Banks: Monetary policy reviews are scheduled at the Federal Reserve and in Japan, Great Britain, Brazil, Kyrgyzstan and Georgia. Fed Chairman Powell, Bank of England Governor Bailey, and BOJ Governor Ueda hold press conferences. The Bank of England’s quarterly Monetary Policy Report gets published. Federal Reserve forecasts don not get revised this time. Tariff […] More
Central Bank Watch
A Second Russian Central Bank Rate Cut
July 25, 2025
Whereas Ukraine’s central bank rate was left unchanged yesterday at 15.5%, the Central Bank of Russia today cut its key rate by 200 basis points to 18.0% as had been expected. Monetary officials there explained, “current inflationary pressures, including underlying ones, are declining faster than previously forecast. Domestic demand growth is slowing. The economy continues […] More
New Overnight Developments Abroad - Daily Update
Dollar and 10-Year Sovereign Debt Yields a Bit Higher, But Bitcoin and Gold Prices Slip
July 25, 2025
The weighted DXY dollar index climbed 0.4% overnight, lifted by a 0.5% advance against the yen and sterling but a smaller dollar gain of 0.2% relative to the euro and Swiss franc. The dollar rose 0.4% against the Australian dollar, 0.3% versus the Canadian and New Zealand dollars, and 0.2% against Mexico’s peso. Ten year […] More
