Signs The BOJ Could End YCC
BOJ Governor Kazuo Ueda has repeatedly said that there are no changes to monetary policy planned for now, but the data line up is showing a different picture. The BOJ announced it was conducting a review of monetary policy, which isn’t expected to be concluded until next year. Comments from the central bank have doubled down on the narrative that no changes will happen until that review is concluded. But, it’s not unusual that reality interrupts central bank plans. This week has brought a trove of data from Japan in the lead-up to the release of inflation figures tomorrow. Many of them have surprised to the ... (full story)
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The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than ...
post at 11:12am: BOC'S GOV. MACKLEM: I EXPECT INFLATION TO CONTINUE COMING DOWN IN LINE WITH FORECASTS. post at 11:13am: BoC’s Macklem: April CPI Data Were Stronger Than Expected, Food Price Inflation Much Too High post at 11:14am: BoC’s Macklem: Using Pause to See Whether We’ve Raised Rates Enough post at 11:15am: BOC'S GOV. MACKLEM: THE JUNE RATE DECISION WILL BE GUIDED BY ECONOMIC DATA. post at 11:16am: BoC’s Macklem: Far Too Early to Be Thinking of Interest Rate Cuts
Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers answer reporters’ questions following the release of the Financial System Review.
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Turkey’s gross foreign exchange reserves posted a record fall in the week before Sunday’s inconclusive elections, as the central bank expanded efforts to support the lira. The ...
post at 1:28pm: *McHenry: Nothing Close to Being Done on Debt Ceiling Talks
Sam Zell, the billionaire investor who called himself “the Grave Dancer” for his bets on distressed assets, including a losing wager that drove the Tribune Co. into bankruptcy, ...