Central Bank Watch
FOMC Statement, Updated Forecast, and Powell Press Conference
December 10, 2025
In the six weeks since the late October review of U.S. monetary policy, the dollar on balance moved hardly at all against the euro but rose 2.7% against the Japanese yen as can be seen at the bottom of the table below. The 10-year Treasury yield is now 15 basis points higher than then, while […] More
Central Bank Watch
Azerbaijan and Canadian Interest Rate Decisions in December 2025
December 10, 2025
the Bank of Canada’s overnight policy interest rate was left unchanged at 2.25% following today’s scheduled review today. That’s its lowest level since July 2022 and represents a cumulative decline of 275 basis points since June 2024. Today’s decision was not a surprise, since officials after its last cut (25 basis points in October) asserted […] More
New Overnight Developments Abroad - Daily Update
All Eyes on the Federal Reserve
December 10, 2025
This week’s FOMC meeting, whose interest rate announcement today will be made at 14:oo EST and likely involve a 25-basis point cut, is the last one of 2025. The first three scheduled meetings next year (Jan 27-28, Mar 17-18 and Apr 28-29) will be chaired by Jerome Powell. The appointed identity of Powell’s successor could […] More
