William Dudley: Hawks of same feather
May 20, 2016 12:02 pm UTC| Commentary Central Banks
Market should listen! Several policymakers in past several days, weeks have warned about June meeting being alive and there could be two or three rate hikes on the table. Names include, Boston FED chief Rosengren,...
China’s loans shrink on a successful bond swapping program
May 20, 2016 07:24 am UTC| Commentary Central Banks
Chinas loans shrank significantly in April, compared to that in March on an unsuccessful program adopted by the government to swap local government debt for cheaper municipal bonds. No less than RMB 350 billion of such...
ECB’s frustrations with governments unlikely to see an end
May 20, 2016 06:36 am UTC| Commentary Central Banks
In recent days, many policymakers in European Central Bank (ECB), including President Mario Draghi, Bundesbank chief Jens Weidmann have voiced against German criticism over how ECB policy is affecting savings, delaying...
May 19, 2016 12:39 pm UTC| Central Banks Commentary
Global markets turned weaker on Wednesday after a hawkish FOMC statement heightened the chances of a rate hike in June. US dollar rallied against most of the majors, with the dollar index trading above the 95 level. Dollar...
A resilient labour market unlikely to change RBA's outlook, further easing is on the way
May 19, 2016 10:40 am UTC| Insights & Views Central Banks
Report from the Australian Bureau of Statistics on Thursday showed Australias jobless rate came in unchanged at 5.7 per cent in April, compared to median forecast for a rise to 5.8 per cent. The bureau said its seasonally...
Rate hike odds improve sharply after FOMC minutes
May 19, 2016 06:26 am UTC| Commentary Central Banks
After yesterdays FOMC minutes gave clearest indication ever for a June rate hike, interest rates market have adjusted sharply in anticipation of such. As per the minutes, many participants believed a riser would be...
Fed signals rate hike in June on conditions of economic improvement
May 19, 2016 05:11 am UTC| Commentary Central Banks
The minutes of the April 26-27 Federal Reserve Open Market Committee Wednesday signaled markets of a possible rate hike in June, if the US economy good track of improvement. Investors and creditors have been warned of such...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects