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Wednesday, 17 July 2019 00:16 WIB

Federal Reserve Chairman Jerome Powell said Tuesday that the central bank now estimates that a key measure of core inflation increased in June to its highest level in four months but added that, despite the acceleration, inflation pressures œremain muted. In a speech to the Bank of France in Paris, Powell said the Fed currently estimates the change in the so-called core personal consumption expenditure (PCE) price index was 1.7% over the 12-months ended June. That is up from 1.6% in May and 1.5% as recently as March. The PCE price index is the Fed™s favorite measure of price...

RECENT NEWS
Fed's Powell says no immediate policy responses needed to economy
Monday, 11 March 2019 10:05 WIB | The Fed

Reuters reported that the Federal Reserve Chair Jerome Powell said the Fed doesnt see problems in the U.S. economy that warrant an immediate change in its policy and it will be careful not to shock financial markets as it stabilizes its bond portfolio. As per the news report, the Fed Chair appeared for a speech at the Stanford University during late-Friday and said, œWith nothing in the outlook demanding an immediate policy response and particularly given muted inflation pressures, the committee has adopted a patient, wait-and-see approach. Source: Reuters

ECB pushes out rate hike, offers cheap cash to banks
Thursday, 7 March 2019 22:20 WIB | Eropa Bank Sentral Eropa ECB

The European Central Bank changed tack on its tightening plan on Thursday, pushing out the timing of its first post-crisis rate hike until 2020 at the earliest and offering banks a new round of cheap loans to help revive the euro zone economy. The bolder-than-expected move came as the U.S. Federal Reserve and other central banks around the world are also holding back on rate hikes. It underlined how a global trade war, Brexit uncertainty and simmering debt concerns in Italy are taking their toll on economic growth across Europe. Whereas the bank had previously said rates would remain at...

RBA Holds Nerve on Rates, Waits to See Which Way Consumers Jump
Tuesday, 5 March 2019 11:13 WIB | RBA

Australias central bank held its nerve in the face of a credit squeeze and tumbling property prices, keeping interest rates unchanged as it waits to see how consumers respond. Governor Philip Lowe and his board kept the cash rate at 1.5 percent Tuesday -- as expected by money markets and economists -- saying in a statement: œthe main domestic uncertainty continues to be the strength of household consumption in the context of weak growth in household income and falling housing prices in some cities. The Australian dollar was little changed, buying 70.84 U.S....

Fed Chief Powell Says Economy Sending 'Conflicting Signals'
Tuesday, 26 February 2019 22:16 WIB | Federal Reserve

Federal Reserve Chairman Jerome Powell on Tuesday said the economy has been sending "conflicting signals" that justify a "patient approach" on future changes to interest rates. œWhile we view current economic conditions as healthy and the economic outlook as favorable, over the past few months we have seen some crosscurrents and conflicting signals, Powell said in testimony prepared for delivery to the Senate Banking Committee. The Fed chairman did not give a ringing endorsement of the economic outlook, saying only that in January œmy colleagues and I generally expected the...

BoE's Vlieghe: Likely to keep policy on hold or ease after no-deal Brexit
Tuesday, 26 February 2019 17:58 WIB | GDP Inggris U.K. Inflation Rate

The BoE Governor Mark Carney, testifying before parliament's Treasury Committee this Tuesday, said that we aren't seeing any liquidity stress in the market but stand ready to provide liquidity in all major currencies. Adding to this, the BoE MPC member Gertjan Vlieghe said that the direction of rate moves after non-deal Brexit will be a trade-off between supporting the economy and stopping temporary inflation overshoot. After a no-deal Brexit, likely to keep policy on hold or ease, Vlieghe added further. Meanwhile, the GBP/USD pair continued scaling higher and might now eye a...

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FISCAL
No-Deal Brexit Riskiest For Financial Stability: BoE's Carney
Monday, 25 February 2019 18:17 WIB

Bank of England Governor Mark Carney said on Monday that the possibility of Britain leaving the European Union next month without a transition deal ranked as the riskiest Brexit scenario for the...

MONETARY
Powell says the Fed is 'grappling' with whether to cut interest rates
Wednesday, 26 June 2019 00:28 WIB

Federal Reserve Chairman Jerome Powell on Tuesday suggested an interest-rate cut in July, widely expected by investors and economists, is not a done deal. While greater uncertainty about trade and...