Breaking up (with forward guidance) is hard to do
On the surface, the outcome of the 18-19 December Federal Open Market Committee (FOMC) meeting and Fed Chairman Powell’s press […]
On the surface, the outcome of the 18-19 December Federal Open Market Committee (FOMC) meeting and Fed Chairman Powell’s press […]
The primary themes impacting the yields of US Treasuries and the pricing of future levels of inflation (via breakeven inflation […]
It’s not the job of market participants to tell elected officials what to say or not to say, but it […]
Key takeaways: US interest rates have moved notably higher on the back of strong data and Federal Reserve communications that […]
Economic data releases during the summer of 2018 did little to upset the apple cart: they continued to point to […]
As expected, the US Federal Reserve (the Fed) raised the target for its federal funds rate by 25bp to 2%-2.25% […]
It would be an understatement to say that the Trump administration has presented challenges for the Federal Reserve. With the […]
The latest FOMC meeting of US monetary policymakers saw a further increase in the fed funds rate, while the guidance […]
When the Bank of Japan (BoJ) surprised markets by tweaking the yield curve control (YCC) framework at its meeting on […]
Trade conflicts are currently raising the risk of another round of currency wars. Market suspicion about the People’s Bank of […]
At the June Federal Open Market Committee meeting, policymakers raised the target range for the federal funds rate by 25 […]
Mario Draghi pulled off another conjuring trick at the press conference following the monetary policy meeting of the ECB’s governing […]
At the 13 June meeting, the Federal Open Market Committee raised the target range for the federal funds rate by […]
Once a year, the Governing Council of the ECB meets away from its base in Frankfurt. This year, the ‘away’ […]
On 9 April, Haruhiko Kuroda began his second term as governor of the Bank of Japan (BOJ), facing a familiar […]
A new era for US central banking began on 20-21 March as Federal Reserve chairman Jay Powell presided over his […]
The first few months of 2018 have brought confirmation of continued synchronised above-trend global economic growth, lifting the long shadow […]
Monetary policymakers at the Federal Open Market Committee (FOMC) have a problem and they have not been shy about highlighting it: […]