Cleveland Fed President Mester
Back and Fill
September 27, 2022
Today has been a day for counter-trend financial market movements. The dollar and sovereign debt yields are down. Stocks and commodities have rallied. The dollar has fallen 0.6% against the Swiss franc, 0.4% versus the euro and in weighted terms, 0.3% relative to the yen, and 0.2% against sterling. Bitcoin jumped 5.2% overnight, while prices […] More
Week Starts with Two Surprises
May 14, 2018
The governor of the Bank of France, who serves on the ECB Governing Council as well, indicated that not only is the European Central Bank likely to end its program of asset purchases later in 2018, but also that an initial interest rate hike will probably be engineered sometime next year rather than be delayed […] More
