10 February 2017
Markets and central banks
The tensions within ‘Trumponomics’
Donald Trump swept into office riding a pledge to bring manufacturing jobs back to the United States through a combination […]
10 February 2017
15 December 2016
Markets and central banks
December FOMC: diluting the fiscal punch bowl
The decision on 14 December 2016 by the FOMC to raise the target range for the US federal funds rate […]
07 December 2016
Markets and central banks
The consequences of Carrier
The Carrier Corporation’s decision to limit planned offshoring of jobs to Mexico is unambiguously good news for the workers involved. […]
16 November 2016
Markets and central banks
The Trump tantrum in the bond market – will it continue?
The election of Donald Trump as the next US President has led to a significant regime shift in the outlook […]
30 August 2016
Markets and central banks
At Jackson Hole, a likely US rate rise and other key messages from the Fed
At the 25-27 August Jackson Hole Symposium, US Federal Reserve Chair Yellen broke little new ground – beyond confirming that […]
21 June 2016
Markets and central banks
June FOMC: searching for economic momentum
Takeaways: The communications released following the 15 June Federal Open Market Committee (FOMC) meeting portrayed a Committee that is much […]
16 June 2016
Markets and central banks
Deploying helicopters for economic stimulus
Takeaways: The economic malaise that followed the financial crash of 2008 has prompted central banks around the world to explore […]
10 June 2016
Thought leadership and the outlook
Why has market focus shifted from the Chinese yuan?
Since late March 2016, the People’s Bank of China (PBoC) has set the reference US dollar renminbi exchange rate (CNY) […]
06 June 2016
Markets and central banks
A hiccup in the US labour market?
The US labour market theme of the past 18 months had been that despite the manufacturing and energy sector recession, […]
27 May 2016
Markets and central banks
US taper tantrums and rate resets
In recent months, many investors have greatly reduced the odds of the Federal Open Market Committee (FOMC) maintaining a steady […]
18 March 2016
Markets and central banks
March FOMC: global risks come to the fore
The messages from the March FOMC meeting reveal a US rate-setting committee that is much more attuned to the risks […]
14 March 2016
Investing
What ever happened to the reform of the US GSEs?
In the aftermath of the financial crisis, public discourse in the US reflected a growing consensus that policy preferences of […]
26 February 2016
Markets and central banks
Outlook for US monetary policy – February 2016
Just two months after starting a policy tightening cycle in December, the Federal Open Market Committee (FOMC) finds itself in […]
19 February 2016
Markets and central banks
January 2016 FOMC minutes: uncertainty takes center stage
The January 2016 FOMC minutes portray a Committee wrestling with a more uncertain economic and policy outlook due to tighter […]
12 January 2016
Markets and central banks
December 2015 FOMC meeting: “gradual” guidance works its charms
On 16 December 2015 the Federal Open Market Committee (FOMC) took the historic step of raising the target range for […]
08 January 2016
Markets and central banks
December 2015 FOMC minutes: time to validate reasonable confidence
There was very little new information about the policy outlook in the December FOMC meeting minutes. On the surface, it […]
04 December 2015
Markets and central banks
The ISM schism
Weak global demand, low energy commodity prices and a strong US dollar have continued to put pressure on the US manufacturing and mining sectors in the US.
23 November 2015
Markets and central banks
October FOMC minutes: stale information on lift-off, but some fresh news on the longer run outlook
The October FOMC minutes seem to suggest a higher level of confidence to start policy normalisation in December, despite certain earlier data weaknesses.
