The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” …
Category: Central Banks
The news broke that Trump is escalating his underhanded attacks on the Federal Reserve: NYT: Federal prosecutors open probe into Fed chair Powell amid renovation …
Summary: Powell says DOJ threatened criminal indictment Grand jury subpoenas served on Friday Issue linked to Senate testimony on Fed renovation Powell calls move unprecedented …
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that …
Summary: NYT reports federal prosecutors have opened a probe involving Fed Chair Powell Specific allegations and scope are unclear from the headline alone Context includes …
Mon: Japanese Holiday (Coming of Age Day); M2 & New Yuan Loans (Dec) Tue: EIA STEO; US NFIB (Dec), CPI (Dec) Wed: NBP Policy Announcement; …
Headlines from Barkin: Federal Reserve changes must be finely tuned to incoming data Both sides of central bank mandate face significant risks Unemployment remains at …
Headlines from Barkin: Federal Reserve changes must be finely tuned to incoming data Both sides of central bank mandate face significant risks Unemployment remains at …
It’s time for Fed not to lose sight of inflation mission Fed’s job and inflation mandates are somewhat in tension Need to be ‘laser focused’ …
Rate cuts by year-end Fed: 54 bps (86% probability of no change at the upcoming meeting) BoE: 43 bps (87% probability of no change at …