Latest News & Insights
Could Iran sanctions advance yuan globalization?
In principle, Iran could sell its oil for yuan, running the transactions through China-based financial institutions, futures markets and clearing institutions.
Where have the world’s consumers gone?
Low wage growth may morph from an inexplicable aspect of the current economic setting to a driving force behind a credit crunch and broad contraction of aggregate demand.
Removing stimulus versus becoming restrictive
The possible need for policy to get restrictive, not just neutral, is likely to become a regular talking point for Fed officials in the months ahead.
We continue to view trade tensions as the main source of downside risk for the U.S. economy in the months ahead.
#ECB decision couched in conditionality reflects uncertainty in outlook, but further decay in #Eurozone economy may change ultimate outcome. Sovereign bond prices/yields should be unaffected as #ECB is now buying other paper. Dip in the Euro reflects absence of rate hike. #draghi
Median Fed official estimate for UE in Q4 of this year was cut to 3.6% from 3.8%. The UE rate has continued to fall more rapidly than expected, consistent with officials continuing to underestimate how accommodative policy has been -- and still is?
Median Fed official estimate for UE in Q4 of this year was cut to 3.6% from 3.8%. The UE rate has continued to fall more rapidly than expected, consistent with officials continuing to underestimate how accommodative policy has been -- and still is?
The fed funds rate is continuing to rise under Chairman Powell, but the uptrend in the length of the statement is being reversed: The number of words dropped to 285 from 385 in May.