Australia CPI
Global Equity Prices Remain Highly Unstable
January 25, 2022
Five problems are contributing to stock market volatility around the world: The highest geopolitical tensions between the United States and Russia since the Cold War ended. A high probability that tomorrow’s Fed statement and press conference will signal a rate hike liftoff in March. Uncertainty over how inflation will evolve in 2022 after last year’s […] More
Two-Day FOMC Meeting Ends Today with Likely Same Dovish Message
July 28, 2021
Against the backdrop of rising Covid-19 infections in the United States, this isn’t the time for the Fed to express a lot of concern about inflation or to show greater urgency as official begin to contemplate a plan to taper monetary stimulus. In the three days of July 25-27, new U.S. coronavirus cases averaged 57.3k […] More
A Double Feature for Investors Today of Big Events: Powell then Biden
April 28, 2021
The FOMC wraps up its two-day policy review today. The policy statement, due at 14:00 EDT, will concede a brightening growth picture with accelerating inflation but is unlikely to modify forward guidance that welcomes a period of inflation somewhat above target rather than aiming to quash such quickly. Fed Chairman Powell’s press conference afterward begins […] More
Many Data Releases while Investors Monitor Coronavirus and Await FOMC Decision
January 29, 2020
China remains closed ostensibly for holiday but in reality due to the spreading coronavirus epidemic with the number of confirmed cases so far surpassing 6,000. Taiwan markets also were shut. The dollar firmed overnight by 0.3% against the kiwi, 0.2% relative to the euro, Swiss franc, loonie and Aussie dollar, and 0.1% vis-a-vis the peso […] More
Paused Rise of Dollar and Sovereign Debt Yields but Commodity Rally Continued Overnight
April 24, 2018
The dollar slipped overnight by 0.2% against the Aussie dollar and sterling and 0.1% versus the euro. The kiwi and yen fell 0.3%, while the loonie is flat. The ten-year Treasury yield eased back a basis point and, at 2.97%, remains below the key 3.0% threshold. Ten-year German bund, British gilt and Japanese JGB yields […] More
Sentiment Up Ahead of FOMC on Japanese Fiscal Indication and Apple’s 2Q Earnings
July 27, 2016
The FOMC will release a policy statement at 14:00 EDT (18:00 GMT). No rate hike is expected. Japanese Prime Minister Abe quantified the coming fiscal stimulus at a greater-than-expected JPY 28 trillion, or roughly $265 billion. However, it seems that only about half the total will involve “real money,” that is actual government deficit spending. […] More
Dollar and Bond Yields Up, Stocks Down
October 27, 2010
The dollar advanced 1.3% against the Australian dollar, 0.4% versus the Canadian and New Zealand dollars, 0.3% relative to the Chinese yuan, and 0.2% against the euro and Swiss franc. The dollar is unchanged against sterling and the yen. Ten-year sovereign bond yields have climbed five basis points in Japan and Germany and four basis […] More
