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Written by Kathy Lien
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Monday, 28 September 2009 |
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Tags: Bank of Canada | Bank of England | Central Banks | ECB | Federal Reserve | Reserve Bank of Australia | Reserve Bank of New Zealand Volatility has increased in the currency market due to the significance weakness of the U.S. dollar. Central bankers across the globe are starting to become fidgety while traders and investors are on the lookout for intervention. Over the past 6 months, the dollar has fallen more than 10 percent against most of the major currencies. In some ways, a stronger currency has the similar effect on an economy as a rate hike but the difference is that central banks control the timing of a rate hike but not foreign exchange fluctuations. |
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Written by FED
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Thursday, 24 September 2009 |
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Tags: Ben Bernanke | Central Banks | Federal Open Market Committee | Federal Reserve Information received since the Federal Open Market Committee met in August suggests that economic activity has picked up following its severe downturn. Conditions in financial markets have improved further, and activity in the housing sector has increased. Household spending seems to be stabilizing, but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment and staffing, though at a slower pace; they continue to make progress in bringing inventory stocks into better alignment with sales. Although economic activity is likely to remain weak for a time, the Committee anticipates that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will support a strengthening of economic growth and a gradual return to higher levels of resource utilization in a context of price stability. |
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Written by Danske Bank
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Tuesday, 22 September 2009 |
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Tags: Ben Bernanke | Central Banks | FED | Fed Chairman | FOMC | U.S. dollar Economic data have continued to improve and we believe that this will be noted in the FOMC statement. Inflation pressures on the other hand remain subdued. Hence we expect the statement to reiterate that the Fed funds rate will be kept exceptionally low for an extended period. Any change to this sentence would be a big market mover. |
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Written by Federal Reserve
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Wednesday, 02 September 2009 |
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Tags: Ben Bernanke | FED | Fed Chairman | Federal Open Market Committee The Manager of the System Open Market Account reported on recent developments in domestic and foreign financial markets. The Manager also reported on System open market operations in Treasury securities, agency debt, and agency mortgage-backed securities (MBS) since the Committee's June 23-24 meeting. By unanimous vote, the Committee ratified those transactions. There were no open market operations in foreign currencies for the System's account during the intermeeting period. The Federal Reserve's total assets were about unchanged, on balance, since the Committee met in June, remaining at approximately $2 trillion as the System's purchases of securities were essentially matched by a further decline in usage of the System's credit and liquidity facilities. |
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Written by Reserve Bank of Australia
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Tuesday, 01 September 2009 |
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Tags: Reserve Bank of Australia At its meeting today, the Board decided to leave the cash rate unchanged at 3.0 per cent.With considerable economic policy stimulus in train around the world, the global economy is resuming growth. Growth in China has been very strong, which is having a significant impact on other economies in the region and on commodity markets. |
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Written by Federal Reserve
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Tuesday, 18 August 2009 |
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Tags: Ben Bernanke | Economic Recovery | FED | Federal Open Market Committee | Federal Reserve | FOMC | Monetary Policy | mortgage-backed securities Information received since the Federal Open Market Committee met in June suggests that economic activity is leveling out. Conditions in financial markets have improved further in recent weeks. Household spending has continued to show signs of stabilizing but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment and staffing but are making progress in bringing inventory stocks into better alignment with sales. |
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Written by Bank of England
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Wednesday, 12 August 2009 |
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Tags: Bank of England | Economic reports | Quarterly Inflation Report Much of the world economy remained in recession, with levels of activity in many countries significantly lower than a year ago. But there were more encouraging signs looking ahead. Financial market strains eased and bank funding conditions improved a little, although financial conditions remained fragile. Household and business confidence picked up somewhat from the very low levels observed in the financial crisis last autumn. |
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Fundamental 