If the FOMC wants to move away from a December liftoff?

Oct 28, 2015 06:12 am UTC| Commentary Central Banks

First, the Fed could insert a phrase that the pace of job gains moderated. The Committee used a similar phrase in April to signal that a June liftoff was becoming less likely. Second, it would probably keep the sentence...

FOMC contemplating a hike in October meeting seems unlikely

Oct 28, 2015 06:08 am UTC| Commentary Central Banks

It is very unlikely that the FOMC will contemplate a hike at the upcoming gathering. More critically, officials will have to decide whether they still consider a December rate hike as likely and, if so, come up with a game...

BoE's focus on UK CPI inflation

Oct 28, 2015 04:08 am UTC| Commentary Central Banks

In the three months to August, UK employment was 0.5% higher compared to the three months to May. The last observation in Q3 is still missing but this suggests that there was no productivity growth in Q3 (employment and...

Australia's core inflation set to fall below RBA target

Oct 28, 2015 04:04 am UTC| Commentary Central Banks

The headline CPI of Australia lifted 0.5% in Q3. Whereas, market was expecting for 0.7%. The annual rate is flat at 1.5%yr compared to 1.3%yr in Q1, 1.7% in Q4 and 2.3%yr in Q3. The core measures, which are seasonally...

FOMC Meeting: Preparing for December in October

Oct 28, 2015 00:05 am UTC| Commentary Central Banks

It is very unlikely that the FOMC will contemplate a hike at the upcoming gathering. More critically, officials will have to decide whether they still consider a December rate hike as likely and, if so, come up with a game...

Copom minutes to show BCB’s assessment of medium term inflation risk

Oct 27, 2015 22:34 pm UTC| Commentary Central Banks

The BCBs decision to leave rate unchanged was widely expected. The bank added a sentence to its short statement (The Copom emphasizes that monetary policy will remain vigilant to achieve this goal) that may arguably be...

Draghi magic still at work in European sovereign bond market

Oct 27, 2015 13:48 pm UTC| Insights & Views Central Banks

European bond markets are continuing their celebration of last weeks comments from European Central Bank (ECB) President Mario Draghi that ECB might be preparing for next round of easing. German securities are back...