U.S. housing starts and building permits
European Price Data Released And Now Awaiting the Fed’s Opening Rate Cut Move
September 18, 2024
Fed officials have already signaled a readiness to begin a cycle of interest rate cuts starting today but the size of this opening gambit will only then be disclosed. Investors are also hoping to get a better sense of the likely path rates take during the coming 6-12 months. The rate change’s size and updated […] More
Japanese Surprise
December 20, 2022
At the last scheduled Bank of Japan policy review in 2022 and with Governor Kuroda’s decade-long tenure approaching its April 2023 end, the Board decided to double the allowable daily trading corridor of the 10-year JGB yield from +/-0.25 to plus or minus 0.50 percentage points around a central target of “around zero percent.” The […] More
Powell and Price Data in the News
July 17, 2019
President Trump needs a weaker dollar to reinforce his trade policy and enhance his reelection prospects. The means to a weaker dollar lies in getting the Federal Reserve to cut interest rates, if not by knuckling under verbal pressure then by packing the Fed Board with monetary policy doves. Powell overnight made comments suggesting that […] More
