MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Speaking at an event with the University students in Norman Oklahoma, Dallas Fed president Robert Kaplan said that the Fed should increase interest rates sooner than later in the near future so that the central bank doesn’t fall behind the curve. These comments, however, doesn’t change our FOMC dashboard since Mr. Kaplan was already been considered as the hawkish member. The latest FOMC board looks like,
Doves – Lael Brainard, William Dudley, and Neel Kashkari.
Hawks – Janet Yellen, Charles Evans, Patrick Harker, Stanley Fischer, and Robert Kaplan
Unknown – Jerome Powell
Pls. note that one of the dovish members, Daniel Tarrullo has resigned and the position is yet to be filled.
However, the wordings surely changed the market outlook on rate increases from the Fed. The Federal funds rate future is currently predicting 31 percent probability of a hike in the March meeting, up from 26 percent a day before and 23 percent two days ago.
