BoJ board member Seiji Adachi acknowledged that while there are early indications of a positive wage-inflation cycle emerging, these are not yet sufficient to consider exiting ultra-loose monetary policy. He emphasized the importance of continuing Read more…
Government policies are holding down inflation but electricity prices are starting to rise as rebates come to an end. The Monthly CPI Indicator rose 4.9% in the year to October, down from 5.6%yr in September Read more…
Chicago Fed President Austan Goolsbee, in an interview with Marketplace overnight, expressed concerns about the risks of maintaining high interest rates for an extended period. Goolsbee emphasized the importance of adjusting the level of restrictiveness Read more…
Fed Governor Michelle Bowman, in a speech overnight, noted that her baseline economic outlook anticipates the “need to increase the federal funds rate further”, to bring inflation down to 2% target in a “timely way”. Read more…
Fed Governor Christopher Waller, in his speech at the American Enterprise Institute think tank overnight, stated that inflation rates “moving along pretty much like” he expected and expressed increasing confidence in Fed’s policy’s effectiveness in Read more…
Australia monthly CPI slowed from 5.6% you to 4.9% yoy in October, below expectation of 5.20%. Excluding volatile items and holiday travel, CPI slowed from 5.5% yoy to 5.1% yoy. Annual trimmed mean CPI also Read more…
Key Highlights GBP/USD is aiming for more gains above 1.2750. A key bullish trend line is forming with support at 1.2600 on the 4-hour chart. Gold prices are accelerating higher above the $2,025 resistance. The Read more…
New Zealand Dollar surges sharply after hawkish RBNZ holds, which hints at another rate hike in Q2 next year. From a technical standpoint, NZD/USD’s rally from 0.5771 accelerates to as high as 0.6206 so far Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. It’s that time of year when temperatures start to drop in Read more…
Short description: The RBNZ left the OCR at 5.5% as expected but was more hawkish on future prospects. The RBNZ’s projections continue to reflect the risk of further increases in the OCR in 2024. An Read more…