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Euro reverses early spike, closes near unchanged at 1.08, 2/22/24
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Key facts: For the December 2023 quarter compared with the September 2023 quarter, unless otherwise stated: • total volume of seasonally adjusted retail sales was $25 billion, ...
post: Fed’s Harker: Wants to Avoid Premature Rate Cut, Data Will Drive Fed Actions Fed’s Harker: Rate Cut Timing Possible for Second Half of the Year post: FED'S HARKER: WE ARE CLOSE TO CUTTING, JUST GIVE US A COUPLE MEETINGS.
Most Latin American currencies eased on Thursday against a stronger dollar, with Mexico's peso slipping after a surprise drop in consumer inflation bolstered bets on local ...
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Thank you, Gianluca, and thank you for the opportunity to speak to you today.1 Let me begin by recognizing the Department of Economics at Princeton for its history of nurturing and supporting scholars in reaching their full potential. Some of the most important, transformative conversations I have had in my career have happened on this campus and with economists making significant contributions to the field. Let me start with the last time I was here. When I was a post doc at Stanford, I emailed Alan Krueger out of the blue and attached an early version of a new paper, asking him if he would meet with me for an hour to discuss it. Because of his experience with large data sets, and his curiosity, thoughtfulness, and generosity, one hour turned into three hours. And he brought along a new assistant professor, Dean Karlan. Not only did I learn a tremendous amount from Alan during that encounter, almost ten years later, I learned even more from him working as a senior economist at the Council of Economic Advisers when Alan was Chair. It is a great legacy of your department that you provided the conditions and support for Alan to make his seminal contributions to economics. I think similar conditions were in place at Princeton to allow Sir Arthur Lewis, the only person of African descent to receive the Nobel Prize in economics, to be productive and thrive. While I never met him, Sir Arthur has been an inspiration throughout my career, and I am grateful for his contribution that was aided by Princeton. The good work done here continues with the subject at hand today. The focus of this conference on macrofinance in the long run provides a good opportunity to reflect on what has changed and what has not changed since the onset of the pandemic four years ago. A feature of the past few years has been heightened uncertainty about how the economy would emerge from the turmoil of the pandemic and the subsequent recovery. I will talk about some types of uncertainty I see as having diminished recently and others that remain elevated. Then I will conclude with a discussion of my views on current monetary policy. post: Fed’s Cook: ‘I Would Like to Have Greater Confidence That Inflation’s Converging to 2% Before Beginning to Cut the Policy Rate’ Fed’s Cook: Disinflationary Process Has Been, and May Continue to Be, Bumpy and Uneven, as Highlighted by Last Week’s CPI & PPI post: FED'S COOK: RESTRICTIVE MONETARY POLICY AND FAVORABLE SUPPLY DEVELOPMENTS HAVE PUT US IN GOOD POSITION TO ACHIEVE BOTH SIDES OF FOMC’S MANDATE. post: Fed’s Cook: Forecast of 12-Month PCE Inflation Converging to 2% Target Over Time Still Seems Reasonable as Baseline Outlook Fed’s Cook: Believe Our Current MonPol Stance is Restrictive post: FED'S COOK: I AM NOW WEIGHING THE POSSIBILITY OF EASING POLICY TOO SOON AND LETTING INFLATION STAY PERSISTENTLY HIGH VERSUS EASING POLICY TOO LATE AND CAUSING UNNECESSARY HARM TO THE ECONOMY.
A look at the day ahead in Asian markets. Investors in Asia could not be going into Friday's trading in more bullish spirits as the U.S.-led surge in mega tech fuels a global ...
The risk-on rally across on Thursday helped the ASX 200 extend its gains overnight. The 4-hour chart shows a strong rally from the 200-day EMA and 61.8% Fibonacci level, although ...
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- Posted: Feb 22, 2024 4:59pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,207
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