A bear market in Japanese stocks is “almost inevitable” as a recent speech by US Federal Reserve Chairman Jeron Powell pulled the rug out from under the relief rally that markets have been on since mid-July, an executive said. equity strategy of Citigroup Global Markets Japan which is cited by the Bloomberg agency. According to […]
Tag: monetary policy
Bullard (Fed): Inflation will be more persistent than we expected
The president of the branch of St. Louis Federal Reserve’s James Bullard said Thursday that he expects high inflation to prove more persistent than many expect and that interest rates at their current levels may not be high enough to begin to reverse the upward trend in prices. In an interview with US network CNBC […]
Barkin (Fed): ‘Long time’ until next rate decision in September
Federal Reserve officials have “still a lot of time” before they need to decide on the exact rate of the next key rate hike at their Sept. 20-21 meeting, the Fed’s Richmond president said. , Thomas Barkin, on Friday, according to Reuters. With an unusually long gap between two meetings, the US central bank will […]
Bullard (Fed): I’m leaning towards a 0.75% rate hike in September – We need to reach 3.75%-4% by the end of the year
Its preference for a 75 basis point (0.75%) increase in the base rate against 50 bp. on behalf of the US Federal Central Bank, Federal Reserve, expressed the president of the St. Louis Fed branch, James Bullard. The member of the Federal Open Market Committee (FOMC), which makes decisions on the path of interest rates, […]
The big pitfall for the Fed
By Mohamed A. El-Erian Over the past 18 months or so, the quick and easy interpretation of inflation data has been proven wrong. Will things be different in the future? The markets certainly hope so. Federal Reserve officials seem more cautious — and rightly so. The markets’ latest change of narrative is not the best […]
Don’t rush to celebrate inflation – It’s still unpredictable
By Jonathan Levin US inflation has finally surprised markets in a positive way and traders are understandably excited that the worst of the upward price pressures may finally be behind us. However, the real turn to better days will come when inflation ceases to be generally shocking – positively or negatively – and can recede […]
Let’s not mince our words: the global recession is coming…
By Daniel Moss Ben Bernanke has never been a big fan of “labels.” In 2008, the then chairman of the Federal Reserve urged Congress not to get “stuck” in trying to define a recession. What mattered most was financial pain and financial hardship – and the study of how they came about and what to […]
Reuters: How the political scene and economy in Japan will be affected after the death of Shinzo Abe
The death of Shinzo Abe, who lent his name to “Abenomics,” a term for the policy mix that followed, makes any immediate challenge to his legacy highly unlikely, but could eventually allow Prime Minister Fumio Kishida to phase out the government’s spending and Abe’s monetary stimulus, according to a Reuters analysis. In a rare act […]
Goldman Sachs: Unprecedented systemic shocks to the economy
The current economic turmoil is one of the worst he has ever encountered in his career, Goldman Sachs chairman and COO president John Waldron said, echoing the positions of JP Morgan chief Jamie Damon for an impending “financial hurricane”. In particular, according to Reuters, the president of Goldman said at a banking conference that the […]
Strategic ambiguity end
By Marcus Ashworth Christine Lagarde violated one of the golden rules of central banking. In a blog post that came to light on Monday, the president of the European Central Bank actually gave clear future guidance on the possible course of interest rates in the coming months. With an ex-ante commitment to raising borrowing costs, […]