Just like Christmas dinners, monetary policy meetings at central banks are often pictured as gatherings full of suspense, conflict and heated debates. Indeed, the decision on whether to raise interest rates after a period of cheap money has traditionally sparked heartfelt disagreement, and did so…
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A Brief History of Bank of England Dissents
It has been a tale of two meeting minutes for the GBPUSD today. The MPC Meeting Minutes were more hawkish as two members voted to increase rates NOW. The vote was 9-2 for keeping the status quo, but the tightening bias has officially started. Now the FOMC Meeting Minutes are also full of tweaks…
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A tale of two Meeting Minutes: GBPUSD lower on the day now
Top U.S. central bankers say the nation’s labor market is improving faster than expected, but the Federal Reserve is still not convinced it’s strong enough to alter interest rates anytime soon, according to minutes of the bank’s last big meeting in late July. And in an important step, the Fed has…
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Fed more divided on U.S. labor-market gains
Federal Reserve officials debated at their July meeting whether to move sooner than expected to start raising interest rates in light of an improving job market and rising inflation, but decided they needed more evidence before concluding that was the right approach. The minutes of the meeting, r…
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Hilsenrath: Fed Rate-Hike Timing Debate Intensifying
Federal Reserve officials came closer to agreement on an exit strategy from aggressive stimulus, while raising the possibility that it might occur sooner than anticipated, according to minutes of their July meeting. “Many participants noted that if convergence toward the committee’s objectives oc…
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Fed Officials Said Job Gains May Bring Faster Interest-Rate Rise
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US officials: Military weighs plan to send a small number of additional troops to Iraq.
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Japan mulls JPY 1trl war chest for stimulus
Much more time has been spent discussing the timing of the Federal Reserve’s first interest-rate hike than on how the central bank intends to do so. In part this could be due to the complex nature of the task. After six years of bond-buying, the Fed can no longer engineer a standard simple fed…
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Everything you wanted to know about the Fed’s exit plan but were afraid to ask
Forty-seven consecutive Federal Reserve Open Market Committee meetings resulting in an overnight target rate of 0.00 percent to 0.25 percent. Sixty-seven months of short-term interest rates being at near-zero levels. Over $3.5 trillion of growth in the monetary base. Effectively a promise not to…
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Five reasons the Fed should raise rates now
Forty-seven consecutive Federal Reserve Open Market Committee meetings resulting in an overnight target rate of 0.00 percent to 0.25 percent. Sixty-seven months of short-term interest rates being at near-zero levels. Over $3.5 trillion of growth in the monetary base. Effectively a promise not to…
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Five reasons the Fed should raise rates now
US traders are filtering into their desks this hump day to see some broad bullish price action for their home currency. With the exception of the pound, which has been supported by a hawkish “mutiny” in the most recent BOE minutes, all major currencies are falling against the US dollar. As a few…
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EURUSD Hits an 11-Month Low – Can the Fed Minutes Stem the Bleeding?
US traders are filtering into their desks this hump day to see some broad bullish price action for their home currency. With the exception of the pound, which has been supported by a hawkish “mutiny” in the most recent BOE minutes, all major currencies are falling against the US dollar. As a few…
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EURUSD Hits an 11-Month Low – Can the Fed Minutes Stem the Bleeding?
Market participants’ central estimate suggests British retailers enjoyed steady sales growth in July after slipping slightly a month before. A continuous deflation in UK shops, as reported by the British Retail Consortium (BRC), and a sharp deceleration of Consumer Price Index (CPI) inflation,…
Market participants’ central estimate suggests British retailers enjoyed steady sales growth in July after slipping slightly a month before. A continuous deflation in UK shops, as reported by the British Retail Consortium (BRC), and a sharp deceleration of Consumer Price Index (CPI) inflation,…
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UK retail sales to keep steady pace at Q3 start
Wall Street has become one of art’s biggest patrons, with the major corporate collections that some investment banks have gathered over the years. J.P. Morgan, UBS, and Deutsche Bank were listed in Forbes’ best corporate art collections in 2012. Deutsche Bank was included as the largest corporate…
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How One Wall Street Bank Put Together One Of The Biggest Art Collections In The World
Wall Street has become one of art’s biggest patrons, with the major corporate collections that some investment banks have gathered over the years. J.P. Morgan, UBS, and Deutsche Bank were listed in Forbes’ best corporate art collections in 2012. Deutsche Bank was included as the largest corporate…
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How One Wall Street Bank Put Together One Of The Biggest Art Collections In The World
Citibank is looking to sell its retail banking division in Japan, according to sources quoted by Reuters. One of the only foreign banks to have opened up retail banking services in Japan, the firm operates 33 branches in the country with around $35B in deposits as of the end of March. Based on…
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Citibank to Exit Retail Banking in Japan, FX Related Corporate Unit to Stay
Citibank is looking to sell its retail banking division in Japan, according to sources quoted by Reuters. One of the only foreign banks to have opened up retail banking services in Japan, the firm operates 33 branches in the country with around $35B in deposits as of the end of March. Based on…
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Citibank to Exit Retail Banking in Japan, FX Related Corporate Unit to Stay
The euro area reported its current and financial accounts for the month of June. Combined they make up the balance of payments. Traditionally, under the gold standard, the current account would be balanced by capital flows and the transfer of gold claims. In the modern era, some economists …
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EMU External Account Reviewed
The euro area reported its current and financial accounts for the month of June. Combined they make up the balance of payments. Traditionally, under the gold standard, the current account would be balanced by capital flows and the transfer of gold claims. In the modern era, some economists …
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EMU External Account Reviewed
