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European Central Bank policy meeting Thursday, 27 July 2023 – preview –

July 26, 2023

Nomura is anticipating the rate hike from the European Central Bank today to be the final move higher for this cycle, a hike of 25bp …

Central Banks

Goldman Sachs lowered their terminal RBA rate forecast to 4.6% (previously at 4.8%)

July 26, 2023

Yesterday we had the latest official inflation report from Australia: Australian Q2 Headline CPI 0.8% q/q (vs. 1.0% expected) Responses so far: AUD – decline …

Central Banks

ICYMI – NAB changed forecast for RBA next week to ‘on hold’ (prior was +25bp rate hike)

July 26, 2023

Justin had the news posted on Wednesday on the change of call from the National Australia Bank: NAB now sees no RBA rate hike in …

Central Banks

Fed takeaway: Powell wants to keep September in play

July 26, 2023

Two CPI reports, two non-farm payrolls reports. Those are the big numbers that Fed Chairman Jerome Powell highlighted between now and the September 20 FOMC …

Central Banks

What the Fed Chair said about various topics like employment, inflation, growth, policy

July 26, 2023

Below is a summary of the comments from the Fed Chair Powell according to topics Employment and Labor Market: There is a continuing strong pace …

Central Banks

Powell Q&A: We’re going to be going meeting-by-meeting

July 26, 2023

Inter-meeting data was broadly in line with our expectations CPI was a bit better than expectations We haven’t made any decisions about future meetings We’re …

Central Banks

Powell opening statement: The full effect of our tightening has yet to be felt

July 26, 2023

Without price stability, the economy doesn’t work for anyone We’ve covered a lot of ground and the full effect of our tightening has yet to …

Technical Analysis

Not much movement. Waiting for Powell.

July 26, 2023

EURUSD: The EUSUSD remains above its 50% midpoint of the July trading range. That level comes in at 1.10539. The New York (and London session) …

Central Banks

Watch live: FOMC press conference with Jerome Powell

July 26, 2023

Fed Chair Jerome Powell speaks for about an hour in his usual post-Fed press conference. The video is below but note this chart from Bespoke …

Central Banks

The full statement from the Fed July FOMC decision

July 26, 2023

Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Share Recent indicators suggest that economic activity has been expanding at a moderate pace. …

Central Banks

Federal Reserve interest rate decision: 25 bps rate hike to 5.25-5.50%

July 26, 2023

25 bps rate hike economic activity has been expanding at a moderate pace (vs modest pace prior) Repeats forward guidance that refers to “the extent …