Tag Archive: Eric Rosengren

Fed to Stand Pat, but Statement may be More Constructive

2016-07-26

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2016-07-26

The Fed's nervousness in June has likely largely eased on the back of better economic data and stable international climate. The Fed may reintroduce its risk assessment. Who are the possible dissents?

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FX Daily, April 18: Doha Failure Sets Tone

2016-04-18

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2016-04-18

Oil producers failed to reach an agreement yesterday at the meeting in Doha.  That is the main spur to today’s activity.  It is not that the outcome was a surprise.  One newswire poll found around half of the respondents thought an agreement was elusive.   Although not oil experts by any stretch, we too thought political … Continue reading...

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Dollar Retreat Extends

2016-02-04

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2016-02-04

The US dollar remains under broad pressure after yesterday's sharp decline.  Neither dovish comments by ECB President Draghi, nor the Reserve Bank of New Zealand have managed to reverse the gains of their respective currencies.   Similar, the rise in US yields and firm equities have failed to push the yen lower.  Investors and policymakers are …

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Hump Day’s Bump

2016-01-13

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2016-01-13

Many of the capital markets are enjoying reversals today.  Equity markets are mostly higher. The MSCI Emerging Market equity index is up more than 1%. Several key commodities, like oil and copper, are firmer.  Bond markets, outside the US, are firmer, with the Japan's 10-year yield slipping to new record lows slightly below 20 bp.   … Continue reading...

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Fed FOMC: Who is Hawk, Who is Dove? 2015 Update

fomc voters 2014 dove / hawk scale, dove centrist hawk
Composition of the Fed's Federal Open Market Committee (FOMC composition), needed to know if the Fed is opting for quantitative easing or not.

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Brad DeLong on Jackson Hole and Quantitative Easing

2012-08-22

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2012-08-22

Brad DeLong Daedalus
  Berkeley Professor Brad DeLong has delivered a nice allegorical entry in his type pad on a quick Quantitative Easing. Letting speak old greek mythological figures he hides his personal opinion. A half now completely written platonic dialogue on what the Federal Reserve is Doing — or not Doing — Right Now DeLong explains the …

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Fed Violates its Own Inflation Targets. Should QE3 Be Postponed?

2012-08-16

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2012-08-16

Fed's Fav Inflation Expectations WSJ
  At this year’s Jackson Hole symposium, Ben Bernanke promised to help the economy via further easing if  needed. We doubt his promises because because the Fed might contradict their inflation targets. Current levels of around 2 % for the consumer price inflation excluding food and energy (“core CPI“) and the deflator of the GDP …

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Quantitative Easing Indicators, June 2012

2012-06-10

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2012-06-10

5 year FAV Credit Suisse
The main drivers for demand for Swiss francs are the Euro crisis, but even more the behavior of American investors, who go out of the dollar in the fear of further bad US economic data and in the fear of Quantitative Easing. This will push down the dollar and safe-havens like the CHF, gold or the … Continue reading »

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