Speaking at the Kansas City Fed’s annual Jackson Hole symposium on Saturday, the president of the Swiss National Bank (SNB), Thomas Jordanwarned of the persistence of inflationary pressures. Featured Statements “Structural factors such as the transition to a greener economy, the increase in sovereign debt around the world, the demographic transition and, ultimately, also the […]
Tag: central banks
Handelsblatt: The big central banks must not show any weakness
It is perhaps the event of the year for anyone even remotely interested in monetary policy and its consequences for capital markets and the real economy, comments Handelsblatt. Around the world, trading rooms were on high alert as Fed Chairman Jerome Powell began his speech at the central bankers’ traditional meeting in Jackson Hole on […]
Silver sinks below $19.00 on Powell’s remarks and sour sentiment
The price of silver is preparing to end the week with losses of 0.64%. The president of the Fed, Powell, reiterated the objective of the US central bank to lower inflation, even if it generates “pain for households and companies” Encouraging US economic data weighed on white metal prices, which tumbled more than $0.30. the […]
NZD/USD Plunges to Six-Week Lows on Powell’s Remarks, Sentiment Sour
NZD/USD slumps more than 1% on Friday in a risk-off environment. Powell said it will “bring some pain to households and businesses” to achieve the Fed’s 2% target. US inflation readings show signs of peaking, while US consumer sentiment improves. The NZD/USD fell to fresh weekly lows of 0.8150 on Friday, following hawkish comments from […]
Fed: Be cautious about thinking that inflation has peaked — Loretta Mester
The president of the Cleveland Federal Reserve, Loretta Mester, He said on Friday that the July inflation report was good news, but added that he needed to see more convincing data to conclude that inflation was coming down, as reported by Reuters. Other points to consider “I think FOMC Chairman Jerome Powell sent a very […]
USD/JPY recovers 137.00 after Powell’s speech that strengthens the USD
USD/JPY advanced 0.56% on Friday amid a bear market environment. Fed’s Powell: “Restoring price stability will likely require maintaining a restrictive policy stance for some time” The money market futures odds of a 75 basis point Fed rate hike stand at 56.5%. The USD/JPY advances in the American session, following aggressive comments by Fed Chairman […]
GBP/USD remains volatile after Powell’s Jackson Hole speech, remains above 1.1800
GBP/USD traded in a range of 1.1820-1.1900 following Powell’s Fed speech. The tone of Fed Powell’s speech was hawkish but cautious, trying not to derail the markets. GBP/USD Price Analysis: Raised towards 1.1900 as Powell finished his speech, but has erased those gains. The GBP/USD reels as Fed Chairman Powell takes the dais at the […]
AUD/USD volatile, but likely to fall further while below 0.7000
AUD/USD tumbled in the middle of Powell’s speech. The hourly harmonic pattern is bearish and the focus is on the downside while below 0.7000. Jerome Powell’s aggressive speech has sent a bid to the US dollar and rattled financial markets with stocks down and bond yields higher. Given its high beta status, the Aussie fell […]
Powell Speech: Restoring Price Stability Will Require Restrictive Policy For ‘Some Time’
The chairman of the US Federal Reserve (Fed), Jerome Powelldelivers the keynote speech at the central bank’s annual Economic Symposium in jackson holein Wyoming. Featured Statements The central bank is moving monetary policy ‘on purpose’ to a level tight enough to bring inflation back to 2%. Restoring price stability will take some time and require […]
Fed: I would like our policy to become ‘marginally’ restrictive – Raphael Bostic
In an interview with Bloomberg TV on the sidelines of the Jackson Hole Symposium, Atlanta Fed President, Raphael Bosticsaid he would like the entity’s policy to become “marginally” restrictive. Featured Statements The economy has been producing a lot of jobs each month, we want to see that start to slow down. Current inflation levels were […]