U.S. and Chinese trade balances

Lessening Confidence that U.S., European, or Japanese Central Banks Will Ease Monetary Policy Soon or By Much

November 7, 2023

A big takeaway from the 1970s is that inflationary periods evolve in waves when monetary policy is sensitive to signs of weakening growth. That is why central bankers for the past year have been emphasizing a need not just for actual and expected price deceleration but strong confidence that inflation will return all the way […] More

A Busy Wednesday as Central Banks Compete with Data for Market Attention

September 7, 2022

Dollar strength continues, with another 20-year high touched overnight by the weighted DXY index. At 144.98, the dollar climbed 1.4% overnight and to its highest Japanese yen value since August 1998 when the Asian debt crisis was raging. The greenback also has advanced 0.8% versus sterling and 0.3% vis-a-vis the Canadian, Australian and New Zealand […] More