Greg Ip is the chief economics commentator for The Wall Street Journal (gated). He has weighed in on the FOMC decision coming up on Wednesday, September 18: The Federal Reserve’s interest-rate decision this week looks more difficult than it should be. The real question isn’t how much to cut, but where rates ought to be.

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The Federal Reserve is in its blackout period, which means no communication from Fed officials on their outlook for monetary policy. Going into the blackout Fed officials very much played won anything other than 25bp. And now this, the probability of a 50bp hik has surged. Its not unusual for ‘leaks’ to come though, if

No economist predict the BOJ would raise rates in September 28 of 52 economists (~54%) expect the BOJ to raise rates by year-end Median prediction for year-end interest rate is 25 bps higher at 0.50% Of those expecting a rate hike, 18 of 23 economists anticipate it to be in December The remaining 5 economists

Expects to reach inflation goal at the end of next year Just some token remarks there by Nagel. It just reaffirms the path that the ECB is on at the moment. This article was written by Justin Low at www.forexlive.com. Source link

ECB rate cuts are supportive of growth Current uncertainties emphasise the dependence on fresh data on the economy Will base decisions on assessment of inflation outlook, dynamics of core inflation, and also the strength of monetary policy transmission To sum up, he’s just saying that the ECB is on the right path in cutting rates.

The comments from Makhlouf are in-line with the views expressed by ECBs Lagarde. The ECB is sittiong on the fence and waiting….even if it might be uncomfortable. This article was written by Greg Michalowski at www.forexlive.com. Source link

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Dudley was president and chief executive officer of the Federal Reserve Bank of New York from January 27, 2009, through to 2018. He also served as the vice chairman and was a permanent member of the Federal Open Market Committee (FOMC). “I think there’s a strong case for 50, whether they’re going to do it

The WSJ Timiraos is out with an analysis of the upcoming Fed rate decision. The title of the article says it all with the author calling the decision a dilemma. That is does the Fed go big or small (or by 25 basis points or 50 basis points). Some of the highlights; Fed set to

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

I posted earlier on Citi dropping its call for a 50bp rate cut next week to 25 bp. Analysts there do expect 50bp in November and December though: Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve JP Morgan are sticking to its forecast for a 50bp rate cut next week

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Markets remain unstable and likely to stay that way for now Need to look at what is behind such volatility in markets Japan economic progress is on track based on recent data as set out in July Important to look at how economy, prices react to changes in short-term rates She is making sure that

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Bank of Japan officials see little need to raise the benchmark rate at the Sept 20 meeting, according to people familiar cited by Bloomberg. The report was out earlier and comes as no surprise given the market is pricing in virtually no chance of a move in Sept or October. “The bank needs to carefully

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate

Given Hunter’s role at the Reserve Bank of Australia I expect there will be comments of pertinence to traders. The RBA is focusing on bringing inflation back to target. The target band is 2-3% and 2.5% is the aim. The flip side of the mandate is to try to preserve as much of the gain

The Atlanta Fed GDPNow growth estimate for Q3 growth rises to 2.5% from 2.1% last. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.5 percent on September 9, up from 2.1 percent on September 4. After recent releases from the

Japan Chief Cabinet Secretary Hayashi Monetary policy should be considered, judged by BOJ, when asked about market expectations of further rate hikes by BOJ I remember BOJ governor Ueda has already said, with some conditions, BOJ is ready to go in that direction If economic situation requires stimulus, I would prefer increasing expenditure, payouts rather

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate

Mon: Apple iPhone Event; Japanese GDP Revised (Q2),Chinese CPI (Aug), EZ Sentix Index (Sep), US Employment Trends (Aug) Tue: EIA STEO, OPEC MOMR; Australian Business Confidence (Aug), German Final CPI (Aug),UK Unemployment/Wages (Jul), Swedish GDP (Jul), Norwegian CPI (Aug), US NFIB (Aug), Chinese Trade Balance, M2 & New Yuan Loans (Aug) Wed: UK GDP Estimate

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Critical challenge is: Not letting things turn into something worse If you look at the Beige Book, you can’t look at it as exciting, if anything it was a fair bit downbeat It suggests there are warning signs on the economy You only want rates to be this high as long as you have to

The good news is that the garrulous Federal Reserve speakers will be restrained over the next fortnight, the bad news is that the talk and speculation about the FOMC won’t stop. It looks like we’ve heard the final word from the FOMC and the backout starts at midnight ET. We’re left with a market pricing

There is an undercurrent in economic circles right now and it basically boils down to: The Fed should cut 50 bps but it will probably cut 25 bps. Rick Rieder from BlackRock was on Bloomberg earlier today making that point and CIBC touches on it in their review of the non-farm payrolls report, which they

The NFP is at 1230 GMT / 0830 US Eastern time: Goldman Sachs on what its gonna take from NFP for a 50bp interest rate cut from the FOMC What would it take from non-farm payrolls to get a 50 basis point cut? Preview: Why August non-farm payrolls frequently disappoint What would it take from