US jobs soft, but no reversal

Oct 29, 2015 05:00 am UTC| Commentary

The Fed acknowledged that job growth slowed and the unemployment held steady since December. But they still stressed the cumulative improvement in labor market conditions, suggesting that may be enough - or nearly enough -...

U.S. Q3 GDP tracking 1.4% after advance September trade data

Oct 29, 2015 04:59 am UTC| Commentary

The Census Bureaus advance estimate of the U.S. goods trade for September showed that the nominal trade deficit narrowed sharply to $58.6bn on the month, considerably more than our ($63.0bn) and consensus ($64.3bn)...

Fed pries door open for December hike

Oct 29, 2015 04:53 am UTC| Commentary Central Banks

The pretty clear-cut change in the forward-looking portion of the statement suggest that the 2015 hikes are not off the table as far as the Fed is concerned. While this decision will continue to be development-dependent,...

Fed's rate hike likely in Q1 16

Oct 29, 2015 04:53 am UTC| Commentary Central Banks

The October FOMC statement was somewhat more hawkish than expectation. Without a press conference and with only six weeks having passed since the September meeting, it is assumed that FOMC members would be unlikely to have...

RBNZ likely to cut OCR again

Oct 29, 2015 04:39 am UTC| Commentary

There were no major surprises in todays RBNZ OCR Review - the OCR remained on hold at 2.75%, the RBNZ reiterated that some further reduction in the OCR seems likely, and the easing bias was more tentative than the previous...

RBNZ likely to cut OCR again

Oct 29, 2015 04:39 am UTC| Commentary

There were no major surprises in todays RBNZ OCR Review - the OCR remained on hold at 2.75%, the RBNZ reiterated that "some further reduction in the OCR seems likely", and the easing bias was more tentative than the...

Fed likely refocusing on the positives, downplaying the negatives

Oct 29, 2015 04:26 am UTC| Commentary Central Banks

The rest of the FOMC statement other than the rate decision was broadly neutral. The economic assessment was mixed, with softer language on the labor market (the pace of job gains slowed) but firmer language on domestic...