FOMC likely to hike before year end

Sep 24, 2015 06:38 am UTC| Commentary Central Banks

The decision of the Federal Open Market Committee to maintain the policy target range of 0-0.25% at its September policy meeting prompted a sharp fall in US Treasury yields. The impact was particularly marked on...

ECB President Draghi’s speech in focus as EZ PMI shows slowdown in momentum

Sep 23, 2015 10:48 am UTC| Insights & Views Central Banks

European Central Bank (ECB) President Mario Draghi is scheduled to speak in Brussels before Committee on Economic and Monetary affairs (ECON) of European parliament at 13:00 GMT or 15:00 CET. Market will be focusing on...

RBI inflationary expectations should soften in September

Sep 22, 2015 21:15 pm UTC| Commentary Central Banks

Apart from the monsoon and Fed hike risks, most of the domestic pre-conditions laid out at the August review have been fulfilled. Commodity prices (INR terms) have eased further, with the CRB index (Thomson Reuters/ Core...

Receding risks of US rate hikes and catch-up in rains open the window for further RBI rate cuts

Sep 22, 2015 20:46 pm UTC| Commentary Central Banks

The Fed extended its on-hold stance in September, signalling the need for more data to justify rate normalization. Risks to global growth, primarily out of China, and heightened market volatility also received a mention....

Markets still on edge after Fed decision

Sep 22, 2015 20:16 pm UTC| Commentary Central Banks

Second quarter earnings growth varied widely by sector. Healthcare earnings grew 15.3% year over year while energy companies earnings were down a whopping 55.5%. With such a wide dispersion in company performance,...

A truncated Fed due to US growth concerns could be traumatic

Sep 22, 2015 17:53 pm UTC| Commentary Central Banks

If the Feds upcoming tightening cycle were to be abridged because US growth tipped lower, unable to cope with the strain of even a modest sequence of interest rate hikes it would, at best, be problematic and, at worst,...

Despite the hawkish Fed, USD weakness ahead

Sep 22, 2015 17:27 pm UTC| Commentary Central Banks

We are witnessing the dying embers of a USD rally that once burned so bright, and we may be on the cusp of a weakening USD trend. The baseline view is that once the hawkish consensus falters the USD will weaken. The...