Forex News
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A recent move by the Federal Reserve to grant a little-known bank access to its vast lending and credit facilities is sparking questions about possible conflicts of interest and favoritism at the nation’s central bank, FOX Business has learned. Numisma, a small bank based in Greenwich, Connecticut, received conditional approval for a so-called master ...
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Antonio Brown is broke. The controversial and erratic former NFL receiver filed for federal bankruptcy in Florida on Monday and owes nearly $3 million to eight creditors, according to a Times Union report. The former owner of the Albany Empire Arena Football League team cannot pay at least three six-figure civil judgments. That includes the $1.2 million ...
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In what had long been celebrated every May 30 to honor America’s fallen soldiers, Memorial Day officially became a federal holiday in 1971, observed on the last Monday in May. Businesses increasingly have chosen to stay open on the holiday, leading to what is now one of the biggest retail sales and travel weekends of the year. Here’s what is open and closed ...
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It is our great pleasure to welcome distinguished speakers and guests to our 29th BOJ-IMES Conference. We would like to thank you all for your participation. I would also like to thank my old friend, John Taylor, who was the very first Mayekawa Lecturer in 2008, for coming back to our conference to deliver his second Mayekawa Lecture later. While we hold our research conference almost every year, this year's conference is unique in that it is held as part of our "Broad Perspective Review" of monetary policy. The review aims to further deepen our understanding of various unconventional monetary policy measures over the past 25 years and to gain insights that will be useful for future policy conduct. This conference will cover two main themes: "Price dynamics" and "Effects of conventional and unconventional monetary policy instruments." We very much look forward to lively discussions with you today and tomorrow to gain further insight into these themes. To set the stage, let me start my remarks with the recent changes in our monetary policy framework, followed by my reflection on the past 25 years condensed into 20 minutes. post: BOJ GOVERNOR UEDA: RE-ANCHORING INFLATION EXPECTATIONS NECESSARY post: BOJ GOVERNOR UEDA: CHALLENGE IS TO DETERMINE NEUTRAL INTEREST RATE
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The entire world economy is at risk from a glut of cheap Chinese exports, France’s Finance Minister Bruno Le Maire said in tandem with a barrage of joint criticism from the Group of Seven. “We have an issue with the economic model in which China is producing more and more cheaper industrial devices because it could be a threat not only for the EU, not only ...
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The meaning of the word "inflation" has changed. It used to mean rising prices; now it means high prices. Why it matters: Pedants, economists, and style-guide editors might not like it, but if you want to understand what people mean when they complain about inflation, you need to understand how the vernacular has evolved over the past couple of years. The ...
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The meaning of the word "inflation" has changed. It used to mean rising prices; now it means high prices. Why it matters: Pedants, economists, and style-guide editors might not ...
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This week on Macro Sunday the team touches upon the Ethereum & Bitcoin ETF, freight rates, copper tourism & much more.
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Investors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will be cutting interest rates. A batch of ...
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It is our great pleasure to welcome distinguished speakers and guests to our 29th BOJ-IMES Conference. We would like to thank you all for your participation. I would also like to thank my old friend, John Taylor, who was the very first Mayekawa Lecturer in 2008, for coming back to our conference to deliver his second Mayekawa Lecture later. While we hold our research conference almost every year, this year's conference is unique in that it is held as part of our "Broad Perspective Review" of monetary policy. The review aims to further deepen our understanding of various unconventional monetary policy measures over the past 25 years and to gain insights that will be useful for future policy conduct. This conference will cover two main themes: "Price dynamics" and "Effects of conventional and unconventional monetary policy instruments." We very much look forward to lively discussions with you today and tomorrow to gain further insight into these themes. To set the stage, let me start my remarks with the recent changes in our monetary policy framework, followed by my reflection on the past 25 years condensed into 20 minutes. post: BOJ GOVERNOR UEDA: RE-ANCHORING INFLATION EXPECTATIONS NECESSARY post: BOJ GOVERNOR UEDA: CHALLENGE IS TO DETERMINE NEUTRAL INTEREST RATE
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Finance leaders of the Group of Seven (G7) advanced nations on Saturday reaffirmed their commitment to warn against excessively volatile currency moves, language Japan sees as a ...
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It is my great pleasure to welcome all of you to this conference. As Governor Ueda mentioned in his opening remarks, the Bank of Japan is conducting the “Broad Perspective Review” of our monetary policy over the past 25 years. In short, it has been a battle against persistent deflation and a battle with the zero lower bound. Let me start by giving an overview of the inflation picture during this period. Please look at Chart 1. Japan’s deflation started in the late 1990s and continued for 15 years. The average inflation rate was just minus 0.3%. It was a mild but persistent deflation. To tackle this situation, the Bank introduced the 2% price stability target and Quantitative and Qualitative Monetary Easing, or QQE, in 2013, and a negative interest rate policy and Yield Curve Control, or YCC, in 2016. As a result, we succeeded in achieving a situation without deflation, but the average inflation rate was 0.5%, which fell short of our 2% goal. Recently, inflation rate has risen to around 3%, following the gl post: BOJ DEPUTY GOVERNOR UCHIDA: DEFLATIONARY BATTLE NEAR CONCLUSION post: BOJ DEPUTY GOVERNOR UCHIDA: BANK OF JAPAN OVERCOMES ZERO LOWER BOUND post: UCHIDA: CHALLENGE REMAINS TO ANCHOR 2% INFLATION post: BOJ'S UCHIDA: HIGHER MENU COSTS, TOGETHER WITH MILD INFLATION, HAVE SLOWED THE PACE OF PRICE ADJUSTMENT
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The EUR/USD managed to bounce back on Friday, following its losses in the day before. The single currency has been declining inside what could be either a short-term bear channel or a potential bull flag. It looks like we could find out which one it is in the week ahead, as we have some key inflation data coming from the both the US and Eurozone to look ...
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Just seven days after the Florida-based SurgeTrader announced that Match-Trade Technologies had terminated its license, the prop trading firm has decided to cease operations. It appears that SurgeTrader was cut off from alternative platforms that could have allowed it to continue serving retail traders. SurgeTrader announced that it has definitively ended ...