Key excerpts from the Minutes:
On tapering: Moreover, investors may have perceived that Committee communications about the possibility of slowing the pace of asset purchases also implied a higher probability of an earlier...
View ArticleGoldman’s FOMC Post-Mortem: “Tapering Likely In September”
Via Goldman Sachs’ Jan Hatzius, BOTTOM LINE: Minutes from the July 30-31 FOMC meeting were generally consistent with our view that tapering of asset purchases is likely to occur at the September...
View ArticleThree Datapoints To Watch This Week & The Crucial August Jobs Report
The next Jobs Report (which comes out September 6) is going to be one of the biggest ones in a long time. There are two reasons for that: It’s the last jobs report before the big September Fed meeting...
View ArticleCall for agressive action over EM crisis
The world’s top policy makers must be more aggressive in handling the unfolding emerging markets crisis, the finance minister of Africa’s largest economy has warned, calling for greater action on...
View ArticleHere’s The Best Explanation We’ve Seen Of Why The Fed Will Reduce QE Even...
On Friday, the August Non-Farm Payrolls report came out and it was weak. Not only did it miss headline expectations, but there were significant downward revisions to past months. And yet despite that,...
View ArticleEurope close: Stocks mixed ahead of Fed stimulus
- Federal Reserve begins policy meeting - US inflation rises less than forecast - German sentiment improves - UK consumer prices grows at slower pace FTSE 100: -0.63% DAX: -0.13% CAC 40: -0.12% FTSE...
View ArticleEurope close: Stocks mixed as Fed’s Bullard signals October taper
- Fed’s Bullard signals October stimulus cut - Germans head to polls Sunday - Euro-area consumer confidence rises - EU changes budget policies to support periphery - UK public finances improve FTSE...
View ArticleUS PMI Misses Expectations To 3-Month Lows; Orders And Employment Tumble
Despite exuberance at European and Chinese PMIs, the US clean shirt just skidded with a miss. Against expectatins of a high YTD 54.0 print, PMI posted 52.8 – its lowest in 3 months and falling for the...
View ArticleAugust new home sales rise 7.9% in the US
Housing is still on the upswing. New home sales rose 7.9 per cent in August to an annualised pace of 421,000 units, topping Wall Street expectations. The report followed a somewhat disappointing...
View ArticleUS Fed’s Lacker says forward guidance could make it harder to withdraw stimulus
Speaking in Stockholm fwd guidance and large balance sheet could make it harder to withdraw stimulus in timely fashion fwd guidance on low rates could reduce economic activity by reducing expectations...
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