Friday, 06 October, 2023
Why the Fed will again have to slash rates to zero and relaunch QE A very slow-burning fuse has finally, and suddenly, reached the powder keg AMBROSE EVANS-PRITCHARD 6 October 2023 • 6:00am https://www.telegraph.co.uk/business/2023/10/06/why-fed-will-again-slash-rates-zero-relaunch-qe/ The US economic expansion is being kept afloat only by extreme fiscal stimulus and war-time deficits, an astonishing state of affairs at the top of the cycle. The federal government is unable to fund this scale of borrowing from US domestic […] Read More
Wednesday, 27 September, 2023
{AU} Terry McCrann No rate rise Tuesday but still a chance in 2024 New RBA governor Michele Bullock won’t raise rates on Tuesday but surging wages – egged on by the off-the-leash IR minister Tony Bourke – could actually force hikes in 2024. September 27, 2023 – 4:53PM https://www.heraldsun.com.au/business/terry-mccrann/no-rate-rise-tuesday-but-still-a-chance-in-2024/news-story/9d51f1d977c535f8796cc70827f0ed76 Michele Bullock presides over her first meeting as Reserve Bank governor next Tuesday. She will lead her board to leave the official interest rate unchanged. Wednesday’s […] Read More
Thursday, 21 September, 2023
(BN) BOJ Meets With Focus on Yen, Ueda’s View on Rates: Day Guide (1) Read More
Thursday, 21 September, 2023
European Central Bank (ECB) interest rates have likely peaked and its next move is expected to be a cut, Greek central bank chief Yannis Stournaras told German newspaper Boersen-Zeitung, pushing back on colleagues keeping another hike in play. The ECB raised rates for the 10th straight time last week but signalled a pause, with markets taking its guidance to mean an end to the steepest pace of policy tightening for the 20-nation euro area. While […] Read More
Wednesday, 20 September, 2023
Quantitative strategists at BofA raised their year-end target for the S&P 500 to 4,600 from 4,300, saying that the net message of the bank’s five indicators — including on the macro cycle, valuations and positioning — is bullish. New target implies about 3.5% upside from Tuesday close Strategists led by Savita Subramanian also note that “AI is part of this,” as well as automation and labor efficiency They see better returns for the equal-weighted S&P […] Read More
Wednesday, 20 September, 2023
*GBP/USD EXTENDS LOSSES AFTER UK CPI, DROPS 0.4% TO 1.2346 Read More
Wednesday, 20 September, 2023
Goldman Raises 12-Month Brent Oil Forecast to $100 From $93 (Bloomberg) — Bank now expects “modestly sharper inventory draws,” analysts including Daan Struyven and Callum Bruce say in Sept. 20 note. Significantly lower OPEC supply and higher demand to more than offset higher US production “Overall, we believe that OPEC will be able to sustain Brent in an $80-$105 range in 2024 by leveraging robust Asia-centric global demand growth (1.8m b/d) and by exercising its […] Read More
Tuesday, 19 September, 2023
The Reserve Bank fears financial deterioration in China will batter the Australian economy as the OECD warns the Chinese government may have limited tools to counter the slowdown, which could act as a drag on growth globally. The Reserve Bank board considered raising interest rates by a quarter percentage point earlier this month due to the threat of inflation remaining too high for too long, but risks from China’s downturn and unknown effects of previous […] Read More
Monday, 18 September, 2023
RANKFURT, Sept 18 (Reuters) – European Central Bank policymakers want to soon start discussing how to tackle the multi-trillion-euro pool of excess liquidity sloshing around banks, with raising reserve requirements a possible first move, six sources told Reuters. The debate, likely to start at the ECB’s next meeting in Athens on Oct. 26 ot at an autumn retreat for policymakers, marks a new phase in its fight against inflation. The central bank for the 20 […] Read More
Wednesday, 13 September, 2023
ECB’s crucial 2024 projection to put inflation above 3%, source says – Reuters News Sentiment: Mostly Negative 12 Sep 2023 21:16:57 By Francesco Canepa FRANKFURT, Sept 12 (Reuters) – The European Central Bank expects inflation in the 20-nation euro zone to remain above 3% next year, bolstering the case for a tenth consecutive interest rate increase on Thursday, a source with direct knowledge of the discussion told Reuters on Tuesday. The ECB begins a two-day […] Read More
