TEXT OF G20 COMMUNIQUE OF FINMINS, CENBANK GOVS
(MaceNews) – The following is the text of the communique issued Sunday after the meeting in Fukuoka, Japan, of finance ministers and central bank governors. The meeting was held in preparation for the summit of G20 heads of state that will be held in Osaka June 28-29. The final text, provided by the Japan Ministry […]
ANALYSIS: THE SADNESS OF BEING MERELY THE FEDERAL RESERVE
By Denny Gulino WASHINGTON (MaceNews) – Any clinical look at today’s economy and markets would have to acknowledge something unusual is happening, even that the world of money and international transactions may be hurtling into a future that is mottled with serious undefined risk. Mario Draghi said as much as he concluded his ECB news […]
ECB EYES NEW STIMULUS TO BOOST WEAKENING EURO ZONE ECONOMY
By Laurie Laird VILNIUS (MaceNews) -The European Central Bank has acknowledged the weakening euro zone economy, extending its forward guidance and reiterating the governing council’s pledge to deploy a range of unconventional measures should conditions falter further. The ECB kept its deposit facility rate at -0.4% at its latest governing council meeting, and vowed to […]
HIGHLIGHTS OF ECB’S DRAGHI Q&A: ‘MUST BE PREPARED’
–Markets Seem to See ‘Something Larger Than Simply Trade Disputes’ (MaceNews) – Here are some highlights of European Central Bank President Mario Draghi’s question and answer session Thursday: –Markets seem to see “something bigger than simply trade disputes.” We “have to take this reading seriously and be prepared.” –Don’t see signs of de-anchoring of inflation […]
FED’S BEIGE BK SURVEY SEES ‘SLIGHT IMPROVEMENT’
–Hardly a Mention of Trade WASHINGTON (MaceNews) – The modestly expanding national economy was on course through mid May, at least before the latest Mexican tariff threats and the massive Midwest flooding, showing a “slight improvement” with the possible exception of the St. Louis and Dallas districts, the Federal Reserve’s Beige Book survey showed Wednesday. […]
FED’S POWELL MAKES THE ‘FED PUT’ EXPLICIT RE TRADE TURBULENCE
–‘We Will Act as Appropriate’ to Sustain Expansion By Denny Gulino CHICAGO (MaceNews) – In a major announcement Tuesday, Federal Reserve Chairman Jerome Powell made the “Fed put” explicit, saying, “We will act as appropriate to sustain the expansion” in case of trade negotiation turbulence. He is making the remarks at a Chicago Fed conference […]
BANK OF CANADA’S WILKINS: ALBERTA BETTER AS OIL PRICES RECOVER
By Gordon Isfeld OTTAWA (MaceNews) – Canada’s number two monetary policy leader on Thursday highlighted some positive economic news for Alberta, a province that has weathered a big share of the country`s energy woes. “In terms of oil, prices have recovered from last autumn’s decline, production has started to increase, and profitability has started to […]
ANALYSIS: FIN RISKS ADD TO TRADE, INFL WORRIES TO STYMIE FED
By Steven K. Beckner AMELIA ISLAND, Fla. (MaceNews)– Nettlesome uncertainties about inflation, trade and now financial stability are keeping U.S. monetary policy stuck firmly where it’s at for the foreseeable future. For now, the economy is doing too well for the Federal Reserve to cut interest rates, but those concerns seem equally likely to prevent […]
STILL FACING CANADA FINANCIAL ‘VULNERABILITIES’
By Gordon Isfeld OTTAWA (MaceNews) – Canada’s financial system continues to face “vulnerabilities” related to household debt and “imbalances” in the country’s residential markets, even as regulators continue to tighten guidelines in mortgage lending. “New measures have curbed borrowing, reduced speculative behaviour in housing markets and made the financial system more resilient,” the Bank of Canada […]
ECB’S DRAGHI SEES ‘PERSISTENCE OF UNCERTAINTIES
–ECB Pledges to Hold Rates Steady to Yearend By Laurie Laird FRANKFURT (MaceNews) – The European Central Bank could ease the burden of negative interest rates on the region’s banks, raising concerns that prolonged weakness in the euro zone economy could require further stimulus measures, even the resumption and expansion of quantitative easing. The ECB […]