Central bankers might have more to think about their monetary policy, because the Fed is pausing and the US dollar is surging.
The Fed is not the only central bank that has faced difficulties as a result of Donald Trump's victory.
We have spoken many times about how central banks, and particularly the Fed, seem to be basing policy on a more reactive response to the course of data than a proactive...
In the past couple of days, we’ve heard Bank of Japan and Bank of England governors suggest that policy rates will likely head for “neutral” as policy is adjusted. The...
Modest and steady rate cuts from G10 central banks, particularly the Federal Reserve (FED), are likely to keep riskier assets like equities and emerging markets well...
As central banks rev up their monetary policy easing cycles, thoughts will undoubtedly turn to the extent of rate cuts that we are likely to see over the cycle.
For much of this year the market has assumed that FED would be amongst the most cautious of the central banks when cutting rates. But just recently the momentum has...
There is clearly a sense that central banks are looking to cut policy rates, in many cases before inflation has reached target and a considerable time before central...
Austrian ECB member, and noted hawk Robert Holzman described the Fed as being the “gorilla in the room” when it comes to ECB decisions on policy easing.
Last week, we heard from policymakers at two European central banks; the ECB and the Riksbank. But while their economic situations and monetary policy outlooks appear...
There is an enormous focus on when central banks, particularly the Fed, will start to reduce rates and the number of likely cuts in 2024.
We often hear that movements in market interest rates, and other financial prices are “doing the central bank’s work”.
The Swiss National Bank destroyed this image with its surprise 25-bps rate cut. It is what other central banks might do?
That’s what we think other G10 central banks should – and will - do when they consider rate policy this year. It means that they should still push ahead with rate cuts...
Just as G10 central banks collectively tightened policy through 2022 and much of 2023, so markets anticipate a collective easing of policy starting in the next few...
There continues to be a good deal of focus on financial market pricing of central bank policy this year, particularly the Fed.
There continues to be a good deal of focus on financial market pricing of central bank policy this year, particularly the Fed.
As this is the last daily commentary of the year we thought that we’d outline some of our assumptions for next year and how these shape our predictions for financial...
Perhaps understandably, there’s been what might be called ‘rate-cut-creep’ in the markets as it seems that both analysts and market pricing have inched forward the...
Trust in the Fed Chair is the lowest it has ever been according to Gallup and if you think that this is only a problem in the US, just look at the UK where politicians...
It seems that developed-country central banks have finished their tightening cycle, with the exception of the BoJ which has yet to start. But those banks meeting this...
Central banks have come in for a lot of criticism for missing the surge in inflation.
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