Fed outlook: further delay is likely
Aug 21, 2015 16:53 pm UTC| Commentary Central Banks
The probability of a September hike in the fed funds rate has slipped below 50%. With the global growth outlook worsening and the dollar rising, a September hike could exacerbate declining risk appetite. Furthermore,...
Uncertainty set to keep Fed's finger off the trigger in September
Aug 21, 2015 15:28 pm UTC| Commentary Central Banks
Although domestic economic data is moving in the right direction, the increased uncertainty on global growth and inflation over the past month is likely to keep the Fed off the trigger at the September FOMC meeting. We...
Another BoC rate cut likely by year end
Aug 21, 2015 07:33 am UTC| Commentary Central Banks
The data focus in the Americas turns today to Canada. The key releases include July CPI and June retail sales. The market is looking for a drop moderation in retail sales, though headline and core inflation is seen rising...
Market attention remains on China and the Fed
Aug 21, 2015 07:28 am UTC| Commentary Central Banks
Moving on from Greece, market attention remains on China and the Fed. Following Chinas currency devaluation last week, the Chinese stock market remained very volatile this week, facilitating the downward pressure on global...
China onshore liquidity tightens due to PBoC’s intervention
Aug 21, 2015 07:17 am UTC| Commentary Central Banks
PBoC set USD-CNY fixing rate at 6.3864 this morning, compared with yesterdays closing rate at 6.3891. In general, CNY remained quite stable this week, which suggests that Chinas central bank could have sold USD to...
Norges Bank to lower short rates
Aug 20, 2015 09:24 am UTC| Commentary Central Banks
Norwegian economy growth has been below trend for a couple of years now and unemployment on the rise since 2013. This means that the economy already is in a situation with considerable slack and low wage pressure....
Aug 20, 2015 07:10 am UTC| Commentary Central Banks
Will the Fed hike its Fed funds rate in September? Perhaps - and perhaps not. That is what the Fed signaled to the markets in its July meeting minutes. Most FOMC members judged that the conditions for policy firming had...
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