Banxico discussing proper policy action under an eventual hike by the Fed
Jun 18, 2015 18:13 pm UTC| Commentary
Banxico decided to keep the interest rate unchanged under a unanimous vote. However, members continue discussing different scenarios to an eventual policy reaction to a first hike by the Fed.The board acknowledges that it...
Chances to get a disbursement in time for Greece to repay the IMF on June 30 are now slim
Jun 18, 2015 17:26 pm UTC| Commentary
The timeline is getting very, very tight, see Compressed timeline for Greece. The Eurogroups meeting this Thursday could well be the last chance to get any disbursement ready in time for the bundled payment to the IMF on...
Russia's Real Sector data confirm recession intensification
Jun 18, 2015 16:57 pm UTC| Commentary
Russias May real sector data were mixed, but on balance slightly negative. Investment-production indicators deteriorated in May. Industrial production declined to -5.5% y/y and investment fell to -7.6% y/y, both worse than...
Energy prices provided a significant boost to U.S. headline inflation
Jun 18, 2015 16:17 pm UTC| Commentary
U.S. CPI inflation came in a little below expectations in May, although it still rose a healthy 0.4% m/m, providing further evidence that the short-lived and energy-driven disinflationary period is over. Core CPI rose 0.1%...
Gasoline prices push U.S. headline inflation higher
Jun 18, 2015 16:04 pm UTC| Commentary
U.S. consumer prices rose 0.4% (month-over-month) in May, below consensus expectations for 0.5%. Core CPI (excluding food and energy) rose 0.1%, also short of the consensus call for 0.2%. On a year-over-year basis, overall...
Jun 18, 2015 15:08 pm UTC| Commentary
Western Union notes: Mixed news on U.S. jobs and inflation added to the cloudy outlook for U.S. interest rates which did little to move the dollar from one-month lows.Core inflation ticked downward to an annual rate of...
Jun 18, 2015 15:07 pm UTC| Commentary
Western Union notes:The loonie jumped to one-month highs on the heels of a weaker U.S. dollar and an uptick in oil to above $60.The Fed left many guessing when it would finally boost its key rate for the first time in...