17 April 2018
Markets and central banks
Kuroda begins second term at Bank of Japan
On 9 April, Haruhiko Kuroda began his second term as governor of the Bank of Japan (BOJ), facing a familiar […]
17 April 2018
26 March 2018
Markets and central banks
FOMC March 2018 – Chairman Jay Powell opens his account
A new era for US central banking began on 20-21 March as Federal Reserve chairman Jay Powell presided over his […]
15 March 2018
Markets and central banks
On track for interest-rate normalisation
The first few months of 2018 have brought confirmation of continued synchronised above-trend global economic growth, lifting the long shadow […]
09 March 2018
Markets and central banks
Will the Fed change its policy framework?
Monetary policymakers at the Federal Open Market Committee (FOMC) have a problem and they have not been shy about highlighting it: […]
05 March 2018
Markets and central banks
US inflation on a rising trend
Our outlook for US inflation and growth has brightened considerably since the start of 2018, so we have lifted our […]
23 February 2018
Markets and central banks
January FOMC meeting minutes: change is coming, slowly
The minutes of the January Federal Open Markets Committee (FOMC) meeting reveal policymakers at the Federal Reserve becoming increasingly confident […]
06 December 2017
Markets and central banks
Goodfriend appointment advances Fed overhaul
The reshaping of the leadership at the US Federal Reserve (Fed), the central bank of the world’s largest economy and […]
12 October 2017
Markets and central banks
September FOMC minutes: clearing the decks for a hike in December
Here is how we read the minutes of the policy-setting meeting of the US Federal Open Markets Committee (FOMC) held […]
29 September 2017
Markets and central banks
Rate rises from the BoE? One, at the most two and they’ll be done!
The Bank of England (BoE) caught most market participants off guard when, after the meeting of its Monetary Policy Committee […]
14 September 2017
Markets and central banks
US bond yields yoyo in early September
The first full trading week of September 2017 saw US interest rates breach the lower end of their recent range, […]
13 September 2017
Markets and central banks
European banking: set to shrug off slow revenue growth
European banks have frequently been in the headlines of the financial media this year. We have seen bank bailouts in […]
18 August 2017
Markets and central banks
How big an influence does central bank policy have on listed real estate?
The performance of global listed real estate markets will be sensitive to how central banks behave over the next few […]
01 August 2017
Markets and central banks
Seen as more dovish, Janet Yellen shifts focus back to below-target inflation
Fed Chair Yellen, delivering testimony to the US Congress, had been expected to stick to her guns with a hawkish […]
21 July 2017
Markets and central banks
Reflationary talk on the wane at the ECB’s monetary policy meeting
Overview At their monetary policy meeting in Frankfurt on 20/07/17 the European Central Bank’s (ECB) Governing Council announced that : […]
05 July 2017
Markets and central banks
Who’s right on the future trend in US inflation – the Fed or the market?
The gap between the US Federal Reserve’s (Fed’s) projection for its policy rate at the end of 2019 and what […]
23 June 2017
Investing
Fed balance sheet runoff and the outlook for MBS
Speculation about the Federal Reserve’s (Fed) balance sheet — and specifically, what the future path towards its normalisation may look […]
20 June 2017
Markets and central banks
Are central banks getting ahead of themselves?
Recent US economic data has clearly disappointed as shown by our economic surprise index (which calculates an average value for […]
15 June 2017
Markets and central banks
No lack of confidence in the inflation outlook at the US Federal Reserve
The Federal Open Market Committee (FOMC) shrugged off a third consecutive weak print for the core consumer price index (CPI) […]
