Fed may delay hikes if core inflation continues to decline this year
Mar 23, 2015 18:29 pm UTC| Commentary
The FOMC dot plot released last week showed the apparent convergence of participants views on the medium-term rates outlook.All but two participants project Fed hikes by the year-end, with a large cluster (41%) projecting...
BoI will probably loosen again if the ILS strengthens
Mar 23, 2015 17:21 pm UTC| Commentary
The Bank of Israel (BoI) kept its base rate on hold today at 0.10%. In its statement, the MPC cited ILS appreciation of 1.9% during the past month as a factor.While deflation continued, near-term inflation expectations...
Rising incomes, low borrowing costs and job creation support a stronger U.S. housing market
Mar 23, 2015 17:09 pm UTC| Commentary
US existing home sales rose 1.2% in Feb to 4.88 mln units annualized. The increase failed to erase Jans 4.9% drop and it failed to break through the 5 million mark for the 2nd straight month.Looking past the monthly...
Mar 23, 2015 15:48 pm UTC| Commentary
Softer U.S. data and a cautious message from the Fed have put the dollar in a bit of a hole that it will look for a helping hand out of in U.S. data this week on housing, inflation and durable goods. Any evidence of a...
Mar 23, 2015 15:48 pm UTC| Commentary
Renewed pressure on the U.S. dollar helped the loonie hold about three cents under recent six-year lows above C$1.28. Oil though continues to serve as a headwind on the northern buck and keep it on vulnerable footing. Oil...
Mar 23, 2015 15:47 pm UTC| Commentary
The Aussie dollar kept to a higher orbit against the greenback, building on last weeks more than 1.5 percent gain which amounted to its best week in a year. But the Aussie sank to record lows against the kiwi dollar. New...
Mar 23, 2015 15:47 pm UTC| Commentary
The otherwise weaker U.S. currency eked out a gain against sterling which continued to suffer from scaled back expectations for a U.K. interest rate hike. Uncertainty ahead of Britains general election in early May served...
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’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects