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Sat, May 04, 2024 09:23 AM All times are UTC

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Fed Hike Aftermath Series

Fed Hike Aftermath Series: Key commentaries from Fed’s Rosengren

Feb 16, 2017 08:27 am UTC| Commentary Central Banks

In a prepared speech in New York, Boston Fed President Eric Rosengren said that a potential overshoot of economic growth and inflation likely to call for a faster rate hikes from the US Federal Reserve than the central...

Fed should not risk falling behind the curve - Yellen

Feb 15, 2017 15:23 pm UTC| Commentary Central Banks

Federal Reserve Chair Janet Yellen in a testimony before the Senate on Tuesday reiterated the Feds December prediction of three increases in 2017, raising the Feds benchmark rate from its current range, 0.5 percent to 0.75...

Central Banking Series

Riksbank keeps interest rate and QE programme unchanged as expected, extends mandate that facilitates quick intervention

Feb 15, 2017 14:43 pm UTC| Commentary Central Banks

Swedens central bank in a unanimous decision left its policy rate unchanged at -0.50 percent and also left untouched the QE programme, which was extended in December to run throughout H1 2017. Swedens Riksbank executive...

Central Banking Series

Markets price in 34 pct chance of Fed rate hike at March meet after Yellen's upbeat economic assessment

Feb 15, 2017 12:34 pm UTC| Central Banks Economy Commentary

Federal Reserve Chair Janet Yellens congressional testimony gave a rather upbeat assessment of the US economy, consistent with the Feds expectation of further gradual increases in interest rates. In a testimony before the...

FxWirePro: CBR remains hawkish, what drives Russian central bank’s short-term cautious and medium-term constructive approach

Feb 15, 2017 11:55 am UTC| Economy Central Banks

The Gross Domestic Product (GDP) in Russia contracted 0.57 pct in the third quarter of 2015 over the previous quarter. Over a medium-term horizon, we remain constructive RUB. The fundamental drivers for the ruble over...

FxWirePro: Obtain optimal hedge in USD/RUB via “Diagonal Credit Call Spreads” to arrest both short-term bears and long-term upside risks

Feb 15, 2017 11:40 am UTC| Central Banks Research & Analysis Insights & Views

We encourage longs in USDRUB for long term investing amid short-term slumps, the broader setback to the dollar combined with upward pressure on oil prices to new highs this week have conspired to pull USDRUB lower in short...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: Three rate hikes odds move higher

Feb 15, 2017 10:37 am UTC| Commentary Central Banks

After Januarys lackluster jobs report, the probability of three hikes from the Federal Reserve in 2017 declined to 24 percent but after Federal Reserve chair Janet Yellen testified before congressional Banking committee...

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Economy

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Technology

Bitcoin Surges Over $63K Amid Revitalized ETF Interest

In a whirlwind of crypto markets, Bitcoin stormed past the $63,000 mark, fueled by renewed ETF activity. Ethereum mirrored the bullish sentiment, holding steady above $3,100. Solana, XRP, and Cardano followed suit, marking...

Tesla's Supercharger Shake-up Sparks Chaos: Suppliers in Limbo Over Email Directive

A turbulent email to suppliers reveals internal discord in the wake of Teslas sweeping Supercharger team termination. The abrupt restructuring has left projects in limbo, signaling potential operational turmoil within the...

US Loosens EV Battery Rules, Expands Tax Credit Eligibility Amid Controversy

Amidst escalating tensions over electric vehicle (E.V.) tax credits, the U.S. government has relaxed stringent regulations, potentially widening eligibility for tax credits up to $7,500. This move, aimed at accelerating...

SHIB, BONK, WIF's Sudden Price Jumps; What's Behind Them?

Recent surges in the cryptocurrency market have caught the attention of traders, particularly with tokens like Shiba Inu (SHIB), Bonk (BONK), and Dogwifhat (WIF) experiencing notable price hikes. Analysts attribute this...

Snowden Issues Final Bitcoin Warning, Takes Aim at Elon Musk and Puppy-Killing Politician

Edward Snowden, the famed whistleblower and advocate for privacy, sent shockwaves across social media platforms with his latest flurry of posts. Targeting Bitcoin developers, tech mogul Elon Musk, and South Dakota Governor...