Fed still awaits stronger data, maintaining its cautious stance
Jun 18, 2015 00:34 am UTC| Commentary
Although the tone of the June FOMC meeting was more dovish than markets likely expected given the improvement in recent data releases, there was no real news. Chair Janet Yellen continued to sound cautious, still seeing...
Fed still on track to hike this year, but gradualism is key
Jun 18, 2015 00:22 am UTC| Commentary
The main takeaway from todays FOMC meeting is that the hurdle for a lift-off in rates appears to be quite low; but the pace of tightening will be very gradual. The FOMC lowered its growth projection for this year to just...
Fed's dots to delay dollar rally for now
Jun 18, 2015 00:06 am UTC| Commentary
Chair Yellens insistence on seeing more decisive evidence of growth before raising rates, in addition to a shift in the composition of the 2015 dots weighed on the dollar after the statement and press conference.The...
Higher gas prices may have pushed up US CPI inflation
Jun 17, 2015 23:23 pm UTC| Commentary
May CPI data will be released on Thursday (08:30 ET). A 0.5% m/m gain is expected (in line with consensus) for a 0.0% y/y reading, mainly boosted by increased gas prices.Lower airfares may be a further damper. By contrast,...
Banxico board seems comfortable with its current stance
Jun 17, 2015 23:17 pm UTC| Commentary
The Banco de Méxicos (Banxicos) board of governors releases the minutes of its early June monetary policy meeting on 18 June. The board left the policy rate unchanged at 3.0% in June, matching the consensus...
Malaysia's inflation pressures likely remain low
Jun 17, 2015 23:09 pm UTC| Commentary
Malaysias Department of Statistics will announce May inflation data on 17 June.The implementation of a 6% goods and services tax (GST) in April has had less of an effect on inflation than initially feared. Inflation was...
Fed: No rate hikes just yet, but not far away
Jun 17, 2015 22:42 pm UTC| Commentary
As broadly anticipated, the Federal Open Market Committee (FOMC) left the federal funds rate unchanged at a range of 0 to ¼ percentage point today. It also maintained its policy of reinvesting principle payments on...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects