Foreign Exchange Insights and Next Week

Next Week’s Menu: May 14 – 20, 2022

May 13, 2022

Central Bank: Monetary policy reviews are scheduled in the Philippines, Sri Lanka, South Africa, China, and Thailand. Minutes from this week’s Reserve Bank of Australia board meeting get published. Holiday: Several countries commemorate Buddha’s birthday early in the week. Scheduled U.S. Data Releases: Retail sales, industrial production, capacity usage, housing starts, building permits, existing home […] More

Next Week’s Menu: May 7 – 13, 2022

May 6, 2022

Central Banks: Monetary policies will be reviewed in Peru, Mexico, Serbia, Georgia and Malaysia. Bank of Japan Board minutes and Bank of Russia Monetary Report will be published. Lots of central bankers are scheduled to speak publicly during the week, including Williams, Kashkari, Waller, Mester, Daly and Bostic of the Federal Reserve; President Lagarde, VP […] More

Next Week’s Menu: April 30 – May 6, 2022

April 29, 2022

Central Banks: Monetary policy meetings are scheduled in the United States, Australia, U.K., Poland, Czech Republic, Brazil, Norway, and Iceland. Fed Chairman Powell and Bank of England Governor Bailey will be speaking publicly. The Reserve Bank of Australia publishes its quarterly Monetary Policy Statement. Holidays and Events: British early spring bank holiday on Monday. Japanese […] More

Next Week’s Menu:

April 22, 2022

Central Banks: Monetary policies will be reviewed in Japan, Sweden, Russia, Hungary, Kazakhstan, and Kyrgyzstan. As always, BOJ Governor Kuroda will preside over a press conference to explain the BOJ Board’s latest thinking. Holidays and Special Event: ANZAC day in Australia/New Zealand falls on Monday, and Japan observes Showa Day on Friday. The French presidential […] More

Circumstances and Results Surrounding Previous Times When the Fed Raised Interest Rates in Increments Greater than a Quarter Percentage Point

April 10, 2022

The last federal funds rate hike to exceed 25 basis points was an increase in May 2000 that culminated a tightening cycle of 175 basis points over a period of eleven months that began in mid-1999. The cycle commenced with the perception of a heightened inflation risk. CPI inflation at the time was only 2.0%, […] More

Next Week’s Menu: April 9 – 15, 2022

April 8, 2022

Central Banks: Monetary policies will be reviewed in South Korea, Israel, Canada, New Zealand, Ukraine, and at the European Central Bank. Governor Macklem of the Bank of Canada and President Lagarde of the ECB will hold press conferences, and the Bank of Canada policy meeting coincides with the publication of the quarterly Monetary Policy Report […] More

Next Week’s Menu: March 26 – April 1, 2022

March 25, 2022

Central Banks: Monetary policies are scheduled for review in the Czech Republic, Colombia and Thailand. The Bank of Japan publishes a summary of this past week’s Board meeting and the results of its quarterly survey of corporate conditions and expectations, known as the Tankan. New York Fed President Williams, Bank of England MPC member Broadbent, […] More

Next Week’s Menu: March 19 – 25, 2022

March 18, 2022

Central Banks: Interest rate-setting meetings are scheduled in Switzerland, China, The Philippines, Mexico, Norway, Hungary and South Africa. Bank of Japan minutes will be published. Event: The Council of European Union leaders is meeting late in the week. Scheduled U.S. Economic Data Releases: Quarterly current account and monthly durable goods orders, pending home sales, U. […] More

It Took Longer Than Generally Remembered for the Volcker and Greenspan Fed To Restore Price Stability

March 17, 2022

Several questions at Fed Chairman Powell’s press conference yesterday tried to elicit a response about whether it is possible to shrink U.S. inflation back to the target of 2.0% without nearly stalling economic growth or even putting the U.S. economy through a recession. Powell did not say definitively yes or no but gave reasons for […] More

Next Week’s Menu: March 12 – 18, 2022

March 11, 2022

Central Banks: The Federal Reserve and Bank of England are expected to authorize interest rate hike at their monetary policy reviews next week, while no changes are expected from the Bank of Japan Board, which also meets next week. BOJ Governor Kuroda has made clear that higher energy prices caused by Russia’s invasion of Ukraine […] More