U.S. inflation rate may gradually return to 2%

Oct 09, 2015 05:18 am UTC| Commentary

The Fed released the September FOMC minutes, which suggest that while the majority at the Fed were not too concerned about financial developments, they preferred waiting for additional information before raising rates....

Divided FOMC committee might not hike

Oct 09, 2015 04:42 am UTC| Commentary

FOMC committee is essentially divided between members who see the health of the domestic economy and continued improvements in labor markets as decisive and warranting a near-term rate hike and those who remain concerned...

More uncertainty stemming into UK from abroad

Oct 09, 2015 04:38 am UTC| Commentary

The MPC noted recent official estimates and survey data already point to a slight deceleration of UK growth, while the earlier sharp declines in the unemployment rate seemed to have levelled off.They warned a deterioration...

Growing concerns over stability of US inflation expectations

Oct 09, 2015 04:36 am UTC| Commentary

September FOMC minutes also reveal growing concerns amongst a sizable subset of the committee over the stability of inflation expectations. Some participants were concerned that downside risks to inflation could be...

FOMC, delay was not a “close” call

Oct 09, 2015 04:30 am UTC| Commentary

Since the September FOMC meeting, a number of FOMC participants have declared that the decision to not raise rates was "close." The minutes do not justify this interpretation of the meeting. As expected, most participants...

BoE's MPC meeting overview

Oct 09, 2015 04:26 am UTC| Commentary

The BoE kept its policy stance unchanged, and the balance of voting remained at 8 against 1 in favour of the status quo. The minutes of the meeting were fairly balanced, if not somewhat more dovish than anticipated, with...

BoE's dovish message, markets not pricing much tightening

Oct 09, 2015 04:25 am UTC| Commentary

While it is clear from the BoEs message they are not close to pulling the trigger, the current market pricing implies a first 25bp hike in prices only towards the end of 2016. Odds are the BoE will move much earlier than...