Bank of Canada Trims Policy Rate Further by 25 Basis Points to 4.50% on Easing Inflation, Cooling Economy; Leaving Door Open for More Cuts
–BoC: Excess Supply Lowers Inflationary Pressures but Shelter, Some Other Services Holding Inflation Up–Governor Macklem: Downside Risks Taking on Increased Weight in Monetary Policy Deliberations–Macklem: Need Growth to Pick Up So Inflation Does Not Fall Too Much, Even as We Work To Get Inflation Down To 2% Target By Max Sato (MaceNews) – The Bank […]
Ex-BOJ’s Momma Sees BOJ Cautious About Rate Hike Timing amid Slow Services Price Rise; Not in Position to Act on Weak Yen
–Momma Expects BOJ Rate Hikes in September, January but Warns of Economic Uncertainty–Momma Estimates BOJ’s Own Measure of Underlying Inflation at 1.5%, Still Below 2% Target–Momma: Central Banks Alone Cannot Anchor Inflation; Need Fiscal, Tax Policy Backup for Wealth Redistribution By Max Sato TOKYO (MaceNews) – The Bank of Japan will remain cautious about following […]
Fed’s Waller: Rate Cuts ‘Getting Closer’ But Need ‘More Evidence’ of Disinflation
– Timing of Rate Cuts Depends on How Favorable Inflation Data Look – More Focused on Risks to Employment Side of Fed Dual Mandate By Steven K. Beckner (MaceNews) – Federal Reserve Governor Christopher Waller said Wednesday he believes the Fed is “getting closer” to cutting short-term interest rates, but said he still wants to […]
Preview: Gradual Easing in Inflation, Softer Economic Climate Raise Odds of Bank of Canada Rate Cut Next Week
By Max Sato (MaceNews) – Sticky but easing inflation, rising unemployment and slower growth prospects have raised the possibility that the Bank of Canada’s policymakers will lower the short-term interest rate target next week, following up on their initial rate cut last month. The CPI report for June released Tuesday showed the annual inflation rate […]
Bank of Canada Q2 Survey: Business Outlook Remains Pessimistic amid Weak Demand, High Interest Rates, Leading to Slower Capex
Bank of Canada survey shows inflation expectations down
Fed’s Powell: FOMC Must Focus on Protecting Jobs – Not Just 2% Inflation
Fed’s Powell sounds more concerned about slowing economy
Preview: BOJ June Quarter Tankan to Show Major Manufacturers’ Sentiment Up Slightly on Resumed Vehicle Output
Japan business expectations mixed
Fed Governors Reaffirm 2% Inflation Pledge but Diverge on Policy Focus
Fed officials appear to split on policy focus
Bank of Japan June Meeting Summary Shows Members Agree High Costs Hurting Consumers but Divided over How to Proceed on Next Rate Hike
Bank of Japan officials split on next rate hike
Host of Fed Officials Voice Go-Slow Approach to Making Monetary Policy Less Restrictive
Fed officials want to see more progress on inflation before rate cuts