Last week’s US payroll data was somewhat mixed but, on balance, seemed to tip the debate about 25-bps or 50-bps, for the Fed’s first rate cut on September 18th towards...
While attention is undoubtedly on the prospect for the first rate cut from the Fed later this month, the ECB could deliver its second rate cut in the cycle on Thursday.
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...
According to experts, the recent interest rate cuts by the European Central Bank (ECB) and the Bank of Canada (BoC) are important moves that signal a broader trend of...
According to experts, the recent interest rate cuts by the European Central Bank (ECB) and the Bank of Canada (BoC) are important moves that signal a broader trend of...
The idea that G10 currencies will not fall against the US dollar as others lead the Fed with their easing cycles will be tested again this week as the ECB and Bank of...
Euro/US dollar has basically not moved for eighteen months and yet the market narrative about monetary policy from the two central banks has shifted a lot this year with...
The monetary easing cycle within the G10 countries is slowly kicking into gear.
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.
Our understanding of this week’s Fed policy statement and press conference from Chair Powell is that the bank is still minded to ease.
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.
Financial markets continue to look for the Federal Reserve and the ECB to begin monetary policy easing cycles in June, while expectations for the Bank of...
A plethora of central bank meetings this week threatens to temporarily reverse the significant fall in currency market volatility that has been in place for some time.
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...
Currency markets have been remarkably stable; particularly the key currency pairing, euro/dollar. But why is that, and is it likely to persist?
Inflation is crucial, and, on this score, the risk is that the Fed will have to keep rates higher for longer; not the ECB.
The UK and euro zone are going to stay in a very low-growth funk rather than bound out of the economic downturn as they did when Covid restrictions were lifted.
If you look at market pricing of rate policy this year, you will see that it projects that the ECB will start to reduce rates a little later than the Fed and cut rates...
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.
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