Monday, 08 April, 2019
Only Donald Trump could nominate two such unsuitable candidates to the board of the world’s most powerful central bank. He has nominated Herman Cain, a former chief executive of Godfather’s Pizza who heads a political action committee raising funds to support Trump’s re-election, and Stephen Moore, an economist with the conservative Heritage Foundation who was an adviser to both Cain’s attempt to win the Republican nomination in 2012 and Trump’s campaign in 2016. Cain is […] Read More
Monday, 08 April, 2019
RBC Sees RBA Shifting to Easing Bias in May, Cuts in Aug. & Nov. 2019-04-08 04:03:46.158 GMT By Michael Heath (Bloomberg) — RBC economists led by Su-Lin Ong say there’s a risk interest-rate cuts could come sooner, depending on how the housing market unfolds. * Activity probably won’t be strong enough to prevent more significant weakening in the labor market. “A further weakening in the leading indicators of residential construction, house prices, household consumption and […] Read More
Monday, 08 April, 2019
Fed May Bow to Trump’s Call for Rate Cuts If Inflation Softens 2019-04-07 13:00:00.0 GMT By Rich Miller (Bloomberg) — With his call for lower interest rates, President Donald Trump has weighed into a debate inside the Federal Reserve about what central bankers should do about sub- par inflation. It’s not totally crazy to think he’ll eventually carry the day. In advocating easier credit, Trump and senior economic adviser Larry Kudlow have harped on the […] Read More
Monday, 08 April, 2019
The Wall Street Journal: With the Fed on hold, and its next move uncertain, investors want to keep their options open https 2019-04-08 08:15:05.492 GMT The Wall Street Journal @WSJ With the Fed on hold, and its next move uncertain, investors want to keep their options open on.wsj.com/2UnG0fR Sent via SocialFlow. View original tweet. Twitter profile information as of April 8, 2019 Description: Breaking news and features from the WSJ. Tweets: 272683 Following: 1126 Followers: […] Read More
Monday, 08 April, 2019
By Rich Miller (Bloomberg) — With his call for lower interest rates, President Donald Trump has weighed into a debate inside the Federal Reserve about what central bankers should do about sub-par inflation. It’s not totally crazy to think he’ll eventually carry the day. In advocating easier credit, Trump and senior economic adviser Larry Kudlow have harped on the paucity of inflation to justify their call for a change of course by the central bank, […] Read More
Wednesday, 03 April, 2019
Top US and Chinese officials have resolved most of the issues standing in the way of a deal to end their long-running trade dispute but are still haggling over how to implement and enforce the agreement, people briefed on the talks have said. Liu He, China’s vice-premier, was preparing to meet Robert Lighthizer, the US trade representative, and Steven Mnuchin, the US Treasury secretary, for a potentially climactic negotiation session starting Wednesday in Washington. The […] Read More
Wednesday, 03 April, 2019
MNI SOURCES: ECB Tiering More Likely If Rates Cut Further –Draghi Comments, Prompting Tiering Talk, Surprised Other ECB Officials –Tiering More An Option If Rates More Deeply Negative, Officials Say LONDON (MNI) – The European Central Bank would be more likely to tier its deposit rate if it cut it to more deeply negative levels, something which is not now probable, ECB sources told MNI, adding that comments by Mario Draghi which prompted speculation that […] Read More
Tuesday, 02 April, 2019
AUS rates – Bit of additional debate over RBA related semantics today with the spotlight on the inclusion of “The Board will continue to monitor developments and set monetary policy to support sustainable growth in the economy and achieve the inflation target over time.”. This all feels like splitting hairs to me with the line of least resistance and weight of demand favouring longs still in the front end. We have the budget to come […] Read More
Thursday, 07 March, 2019
101) EU Is Said to Make New Offer to U.K. on Brexit Backstop BN 17:37 102) *EU’S BREXIT OFFER IS SAID TO FALL SHORT OF WHAT U.K. DEMANDED BN 17:36 103) *EU IS SAID TO AWAIT U.K. RESPONSE ON NEW BREXIT OFFER BN 17:36 03/07/2019 17:37:43[BN] The two sides are trying to find a way to make the so-called Irish backstop more acceptable. The EU’s proposals focus on the bolstering the […] Read More
Wednesday, 06 March, 2019
The US Federal Reserve has announced that it will conduct a root and branch review of its monetary policy framework in the next 18 months. The results could be of first order importance for financial markets, especially the bond market. Richard Clarida, the Fed’s vice-chairman said last month that the motivation was not any great dissatisfaction with the present policy. Both of the twin objectives — maximum employment and stable prices — were close to target. […] Read More
