CANADA’S POLOZ DOVISH, FOLLOWING BOC STANDING PAT
–Cites Declining Oil, Continued ‘Froth’ in Housing By Peter Diekmeyer OTTAWA (MaceNews) – The Bank of Canada Wednesday kept its policy interest rate steady at 1.75% for a second straight session, as expected, and slashed its GDP growth projection for 2019 to 1.7% from 2.1%. The BoC cited numerous reasons for a more dovish tone in […]
FOMC MINUTES: PROSPECTS OF FUTURE HIKES ‘LESS CLEAR’
–Chairman Powell’s Switch to ‘Patient’ Actually No Switch at All By Denny Gulino WASHINGTON (MaceNews) – The latest Federal Open Market Committee minutes Wednesday acknowledged policymakers were “less clear” about the extent and timing of future rate hikes in light of concerns about global growth in mid-December and willing to be more “patient,” a fact […]
FED’S ROSENGREN: ‘NO BIAS’ TOWARD EASING, TIGHTENING
–Would Not Rule Out Altering Normalization By Anthony Mace BOSTON (MaceNews) – Fed policy-makers must pay attention to the gloomy message coming from financial markets, but underlying fundamentals point to better economic prospects, Boston Fed President Eric Rosengren said Wednesday. For now, there is “no bias toward tightening or easing,” and policy-makers will focus on […]