Japan Seeking to Keep Yen Bears at Bay with Threat of Forex Intervention
–Tokyo Would Need Washington’s Consent and Help to Have Much Impact -US Has No Compelling Reason Yet to Step into FX Market–Japan’s Dollar Selling Ammunition Limited to Its Foreign Reserves By Max Sato (MaceNews) – Japanese policymakers are using verbal warnings and inquiries on market levels to stop the yen from depreciating rapidly against the […]
BofA Global Research Fund Manager Survey: Investor Sentiment ‘Super Bearish’ in September
By Vicki Schmelzer NEW YORK (MaceNews) – Global investor sentiment was “super bearish” in September, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Accordingly, cash allocation rose to the “biggest overweight on record” and equity allocation fell to a “record underweight,” the survey said. Investors remained on high alert […]
ECB Lifts Interest Rates By 75 Basis Points; More Hikes in the Pipeline
By Laurie Laird LONDON (MaceNews) – The European Central Bank raised its three main borrowing rates by 75 basis points on Thursday and promised to tighten further with inflation at a record high and moving further from its target. “We are so far away from the rate that will return us to 2%,” said ECB […]
Bank of Canada Hikes Key Rate by 75 Bps to 3.25% in Front-Loading Tightening Drive 
–BOC: Key Rate Still Needs to Rise Further, to See How Much Higher It Should Go–BOC Repeats: Canadian Economy in Excess Demand, Inflation High and Broad–BOC: Economy to Moderate in 2nd Half of 2022 on Slower Global Demand, Tightening By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its policy interest rate […]
Bank of Canada Expected to Lift Key Rate by 75 Bps in Front-Loading Move to Fight Inflation
By Max Sato (MaceNews) – The Bank of Canada is widely expected to raise its policy interest rate — the target for overnight lending rates — by 75 basis points to 3.25% on Wednesday as part of its front-loading credit tightening drive to bring down decades-high inflation above 7% to its 2% target. The move […]
Williams: Funds Rate ‘Quite a Ways’ From Needed ‘Restrictive’ Stance
Size of Sept. 21 Rate Hike Will Depend on ‘Totality of The Data’ Funds Rate Likely Needs To Go Above 3.5% Next Year Throws Cold Water On Talk Of 2023 Rate Cuts By Steven K. Beckner (MaceNews) – New York Federal Reserve Bank President John Williams said Tuesday that short-term interest rates are “quite a […]
Atl Fed’s Bostic: Fed Will Keep Moving Expeditiously’ to Cut Inflation
–FOMC Must Guard Against Too Little, Too Much Tightening–Rates Must Become Restrictive to Bring Down Inflation By Steven K. Beckner (MaceNews) – Atlanta Federal Reserve Bank President Raphael Bostic said Tuesday that the Fed needs to keep raising interest rates “expeditiously” into a “restrictive” stance to reduce inflation, but he warned against raising rates too […]
Fed’s Powell Vows To Battle Inflation With ‘Restrictive’ Rates ‘Until Job Is Done’
No Clear Signal on Size of Sept. 21 Rate Hike; ‘Unusually Large” Move Possible Policy Will Need to Stay Restrictive ‘For Some Time,’ Involve Some ‘Pain’ By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell Friday strongly reaffirmed the Fed’scommitment to bringing down inflation Friday, vowing to move monetary policy into a “restrictive”posture […]
FOMC Minutes: Officials Eyed ‘Downside’ Growth Risks, ‘Upside’ Inflation Risks
– Policy Focus Remained on Curbing Inflation, But ‘Many’ Warned of Overdoing It – No Clear Signal from Minutes On Size of Sept. 21 Rate Hike By Steven K. Beckner (MaceNews) – Federal Reserve officials continued to tilt toward a tighter monetary policy at their late July Federal Open Market Committee meeting, but while they […]
BofA Global Research Fund Manager Survey: Investors Hopeful Inflation/Rate Shocks to Dissipate Soon
-Investors Stay Watchful For Recession By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in August were hopeful that inflation and rate shocks will dissipate in the coming quarters, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. At the same time, investors remained on high alert for recession, […]