Sep 18, 2015 17:18 pm UTC| Commentary
Although some market participants are disappointed by the Feds further delay in raising interest rates, the key issue for markets is not when hikes begin, but how quickly they proceed once they begin. Once hikes begin,...
Fed rally to be short-lived; LATAM to underperform
Sep 18, 2015 16:48 pm UTC| Commentary
The Fed delivered a dovish stance at its monetary policy meeting on Thursday which should provide a short-lived relief for EM. The Feds concerns come down to two factors: China and the dollar. Here it is important to note...
Risk averse yellen puts off raising rates
Sep 18, 2015 16:33 pm UTC| Commentary
Federal Reserve Chair Janet Yellen held off raising rates Thursday citing uncertainty abroad as the main factor. Yellen stated recent turbulence among various foreign economies, specifically Chinas growth decline and...
US Leading Economic Index(r) rose modestly in August
Sep 18, 2015 16:08 pm UTC| Commentary
The Conference Boards leading economic index rose 0.1% m/m in August, in line with our forecast (0.1%) and slightly below consensus expectations (0.2%). In addition, the value of the July index was revised up to unchanged...
The Fed is on hold, still time to add risk on dips
Sep 18, 2015 16:02 pm UTC| Commentary
The Fed has once again lowered its dots and inflation projections for the coming years; the longer run Federal fund rate is now at 3.5% (was 3.8% in June). Economists think the Fed is preparing the floor for a smooth and...
Will the Fed fall behind the curve?
Sep 18, 2015 15:51 pm UTC| Commentary
Yesterdays FOMC meeting surprised with a more dovish message than expected with focus on global growth risks and a downgrade of the inflation forecast.The labour market also got some attention as Janet Yellen made clear...
Inflation pressures in the CEE region remains muted
Sep 18, 2015 15:41 pm UTC| Commentary
In August, oil prices played an important role in price dynamics in the CEE region. Brent oil prices dived to 42 USD/barrel, their lowest level since March 2009, which was reflected in lower inflation rates in the CEE...