Assets managed by official institutions have risen significantly in recent years making them a powerful force in financial markets. A […]
Weaker-than-expected US data in Q1 and broadly lower sovereign yields has fixated fixed income investors on how the FOMC will react to the recent data.
Spring is here. Equity markets are soaring, the euro is falling. It would appear that the European Central Bank (ECB) […]
US economic data—which had already been trending weaker—came in even worse than expected on Friday, April 3, with a disappointing […]
Since the end of the Bretton Woods exchange rate regime in 1973, the US dollar has undergone protracted periods of […]
Will the recent decline in inflation impact the path of US monetary policy rates in the near term? Inflation has […]
On March 18, the Federal Open Markets Committee (FOMC) statement came in firmly in line with market expectations, with the […]
The efficient market hypothesis (EMH), which posits that market prices fully reflect all available information, has inspired a lot of […]
The Federal Reserve Act requires the Federal Reserve Board to submit written reports to Congress containing discussions of “the conduct […]
The ECB has, for the first time, published an account of a monetary policy meeting held by its governing council. In so doing the ECB joins the ranks of other leading central banks and provides greater transparency on the factors affecting its decision making.
Summary Bund yields are now at levels implying that the eurozone has gone ‘Japanese’. We think this conclusion is premature. […]
The transition from an inflationary to a deflationary (or lowflationary) economic climate has brought with it a range of new […]
Here is our analysis of the situation regarding Greece following the meeting of the finance ministers of the eurozone (the […]
The Federal Reserve’s numerous forays into quantitative easing (QE) contributed to a global search for yield and notable capital flows […]
The week of 13-17 October saw a marked rise in volatility across financial markets, price declines on a wide range of risk assets and investor flight into safe havens such as US Treasuries and German bunds.
On the 16-17 September 2014, the FOMC held their monthly meeting. Steven Friedman reviews the FOMC minutes.
On 18 September, residents of Scotland will be asked, ‘Should Scotland be an independent country?’ Here’s a short overview of the Scottish referendum.
Inflation rates have fallen significantly in the eurozone this year and led the ECB to announce, on 5 June, a packet of measures to head off deflationary threats. The jury is now out on how effective these measures will be.