Wednesday, 03 November, 2021
FOMC: At 14:00EST/18:00GMT – FOMC rate decision and statement. No updated Summary of Economic Projections (SEPs). Chair Powell’s press conference will begin at 14:30ET/18:30GMT. Summary: It should be a more straightforward meeting with just the statement and Powell’s press conference to digest. Powell removed much of the guess work heading into this meeting at his appearance just ahead of the premeeting black out (10/22nd) in which he conceded he thinks it is time to taper, […] Read More
Tuesday, 02 November, 2021
https://www.ft.com/content/f993201b-2400-4c20-8d29-2d5bcfadfc59 The Bank of England should not raise rates yet Central bank should cease asset purchases and no longer reinvest maturing bonds THE EDITORIAL BOARD Add to myFT The bounceback has been much stronger than the Bank of England originally expected © Daniel Leal-Olivas/AFP/Getty Share on twitter (opens new window) Share on facebook (opens new window) Share on linkedin (opens new window) Share Save The editorial board 14 MINUTES AGO 0 Print this page Be […] Read More
Tuesday, 02 November, 2021
The Bank of England should not raise rates yet Central bank should cease asset purchases and no longer reinvest maturing bonds The editorial board 12 MINUTES AGO https://www.ft.com/content/f993201b-2400-4c20-8d29-2d5bcfadfc59 The arguments for and against the Bank of England raising its policy rate this Thursday are finely balanced. But ultimately members of the central bank’s Monetary Policy Committee should hold off and wait. While inflation has risen, and is likely to continue […] Read More
Wednesday, 20 October, 2021
Fed’s Quarles: taper test is met, Fed not behind curve – Reuters News Sentiment:Mostly negative 20-Oct-2021 18:00:00 Oct 20 (Reuters) – Federal Reserve Governor Randal Quarles on Wednesday said that while it’s time for the Fed to begin dialing down its bond-buying program, it would be “premature” to start raising interest rates in the face of high inflation that is likely to recede next year. The Fed had promised in December to keep buying $120 […] Read More
Tuesday, 19 October, 2021
Who and when: Philadelphia Fed’s Harker speaks at 8:50 AM ET (1250 GMT) SF Fed’s Daly speaks at 11 AM ET (1500 GMT) Federal Reserve Board of Governors Bowman speaks at 1:15 PM ET (1715 GMT) Atlanta Fed’s Bostic speaks at 2:50 PM ET (15850 GMT) Federal Reserve Board of Governors Governor Waller speaks at 3 PM ET (1900 GMT) More detail: Federal Reserve Bank of Philadelphia President Patrick Harker to give welcome remarks before […] Read More
Tuesday, 19 October, 2021
TEXT-Reuters interview with ECB policymaker Vasle – Reuters News Sentiment:Mostly negative 19-Oct-2021 12:00:01 Oct 19 (Reuters) – The following is the text of a Reuters interview with European Central Bank policymaker and Slovenian central bank Governor Bostjan Vasle. For an interview story, click on: (Full Story) Q: How did your view on inflation change in recent months? A: Inflation dynamics have changed quite significantly over the past year. We entered this crisis with relatively low […] Read More
Monday, 18 October, 2021
Governor of the Bank of England signals interest rate rise could come in November – The Telegraph 18-Oct-2021 07:02:36 Governor of the Bank of England signals interest rate rise could come in November And that’s why we at the Bank of England have signalled, and this is another such signal, that we will have to act. But of course, that action comes in our monetary policy meetings.” By Lucy Burton ANDREW BAILEY has given his […] Read More
Monday, 18 October, 2021
{GB} FT – Bank of England chief warns it ‘will have to act’ to curb inflation Andrew Bailey makes no attempt in speech to central bankers to quell expectations of rate rise this year The governor of the Bank of England warned on Sunday that it “will have to act” to curb inflationary pressure, making no attempt to contradict financial market moves that have priced in the first interest rate increase before the end of […] Read More
Friday, 15 October, 2021
{GB} JPM see reduced risk of 2021 hike JP Morgan note that they think the risk of a hike this year has fallen (particularly for November) after yesterday’s comments from Tenreyro and Mann. “On the surface these comments are not such a great surprise, as the doves are sounding dovish. But a rate rise this year would require either a narrow vote on the MPC in favor of a move, or at least one of […] Read More
Monday, 27 September, 2021
{US} **BANK VIEWS UST** • BofA (Mark Cabana, others, Sept. 24 report) o Factors that helped drive past week’s selloff included less-short positioning, Fed taper clearing a path toward rate hikes, improving economy and progress on an infrastructure bill o However “any sell-off is likely to be capped by strong domestic real money & overseas demand” o Favors near-term carry trades for limited near term upside; expects steeper 2s10s and flatter 5s30s as more hawkish […] Read More
