French and German consumer confidence
Japanese Yen Retreats to 34-Year Low of 160.4 Per Dollar
June 26, 2024
The dollar continued to experience broad support this Wednesday on fading prospects that the federal funds rate target of 5.25-5.50% will be lowered soon. Federal Reserve Governor Bowman is the latest monetary official to call a rate cut now inappropriate, and she gave personal support to hiking the rate should a timely return to target […] More
Weak U.S. Data Elicits Investor Relief
August 29, 2023
When inflation reduction is the dominant policy priority, investors hope to see weaker-than-expected data like those released today. U.S. job openings, job hires, job separations, and job quits were each fewer in July than June; openings fell to a 28-month low. The Case-Shiller index of house prices in 20 U.S. metropolitan areas recorded a year-on-year […] More
Central Banks and Weak European Data in the Spotlight
June 26, 2019
The Central Bank of Iceland’s 7-day term rate has been cut 25 basis points to 3.75% following a 50-basis point reduction at the prior monetary policy review last month. These moves represent a trend reversal from a 25-basis point increase last November. In a released statement explaining the decision, officials anticipate a contraction of domestic […] More
