Many market participants skeptical of Fed hike

Jul 31, 2015 07:52 am UTC| Commentary Central Banks

The signal yesterdays GDP data for Q2 sent out was that US economy is humming. Even though GDP growth corresponded more or less to expectations at 2.3% qoq annualised. As a result there is not much left of the collapse...

Central Bank of Russia may go for rate cut

Jul 31, 2015 07:46 am UTC| Commentary Central Banks

The recovery of the ruble ran out of stem intraday yesterday, as a result USD-RUB is once again aiming for the 60 mark. Today attention is focussing on the central banks rate decision. The majority of analysts expect a...

FOMC: Only 'some' further progress needed for September rate hike

Jul 29, 2015 20:31 pm UTC| Commentary Central Banks

The statement from the July FOMC meeting was very little changed compared with the previous meeting in mid-June but it included an important some in anticipation of the first rate hike: The Committee anticipates that it...

Mexico's inflation likely to accelerate

Jul 29, 2015 10:38 am UTC| Commentary Central Banks

Banxico recently adjusted its monetary policy meeting calendar in order to make a decision right after the FOMC meetings. Banxico will meet on July 30 that is one day after the todays Fed decision, which will be held...

BoE warns against financial services regulation

Jul 29, 2015 08:11 am UTC| Commentary Central Banks

Sir Jon Cunliffe, deputy governor for financial stability at the BoE, has warned against watering down financial services regulation to boost short-term growth. Barclays notes his statement that while some fine tuning...

Fed likely to take time to firm up rate hike decision

Jul 29, 2015 03:43 am UTC| Commentary Central Banks

For the FOMC tonight, its all about forward guidance. At Yellens congressional testimony two weeks ago, the Fed Chair neither ruled out a September hike, nor signalled September was a done deal. A September hike is...

FOMC preview: Fed to keep September hike in play

Jul 28, 2015 23:02 pm UTC| Commentary Central Banks

The Fed is unlikely to make any policy changes at this weeks FOMC meeting, which concludes tomorrow. However, we would see a FOMC statement asserting that economic activity has continued to expand and that underutilization...