Fed Chair Powell on the path for policy
At the Federal Reserve Bank of Kansas City’s Jackson Hole Symposium, Federal Reserve Chair Jay Powell gave a much-anticipated speech titled, Monetary Policy and Price Stability. Chair Powell spoke on the state of the economy, reiterating that “while the latest...
Additional China Stimulus Helps Stimulate the Aussie
Earlier today, China announced 19 additional policies to help the economy, worth $146 billion. These policies will primarily support infrastructure projects. After trouble in the housing market and a recent bout of poor data from China, including weak Retail Sales...
US: Second Estimate of Q2 GDP Still Points to Contraction in Economic Growth
The second estimate of second quarter real GDP declined by 0.6% quarter-over-quarter (q/q, annualized). This was a slight upgrade from the -0.9% reported in the advance estimate released last month. The reading came in a touch above the consensus forecast...
US: Second Estimate of Q2 GDP Still Points to Contraction in Economic Growth
The second estimate of second quarter real GDP declined by 0.6% quarter-over-quarter (q/q, annualized). This was a slight upgrade from the -0.9% reported in the advance estimate released last month. The reading came in a touch above the consensus forecast...
US: Second Estimate of Q2 GDP Still Points to Contraction in Economic Growth
The second estimate of second quarter real GDP declined by 0.6% quarter-over-quarter (q/q, annualized). This was a slight upgrade from the -0.9% reported in the advance estimate released last month. The reading came in a touch above the consensus forecast...
There’s No Stopping the Core Bond Sell-off for the Moment
Markets There’s no stopping the core bond sell-off for the moment. UK Gilts remain underperformers with UK money markets betting on aggressive BoE action (4.5% policy rate peak mid-next year). Double digit inflation and the political blame game put BoE...
Jackson Hole Clues to Direct Market Moves
Markets have clearly been anxious in the lead up to Jackson Hole, as investors and traders await the next policy clues out of Fed Chair Powell later this week. The declines in equities and bonds of late suggest that Powell...
Currency Pair of the Week: USD/CNH
With troubling economic data out of China leading to rate cuts, along with an expected hawkish speech from Fed Chairman Powell on Friday at the Jackson Hole Symposium, USD/CNH could be volatile this week. The US Dollar surged last week...
How will Jackson Hole Meeting Affect Markets?
What will happen? Federal Reserve Chair Jerome Powell will give a speech during the Jackson Hole Symposium on August 26 at 18:00 GMT+3. Analysts expect to hear statements about the future of interest rates and get hints regarding quantitative tightening...
The Weekly Bottom Line: How Quickly to Raise Rates? That Is the Question
U.S. Highlights Total retail sales were flat in July, marking a deceleration from June’s pace. However, sales in the control group, which exclude several volatile categories and are used in calculating GDP, rose a sturdy 0.8% m/m. Housing continued to...