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 […]
Fed’s Powell: FOMC Must Focus on Protecting Jobs – Not Just 2% Inflation
Fed’s Powell sounds more concerned about slowing economy
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
BofA Global Research Fund Manager Survey: Investors Largely on Hold in June, Eye Fed Rate Cuts
investors waiting for rate cuts later in year
Update: BOJ Keeps Overnight Rate Target in 0% to 0.1% Range as Widely Expected, to Decide at July Meeting Specific Plan for Trimming Asset Purchases in Next 1 to 2 Years
BOJ leaves rates steady, eyes reducing bond holdings
INTERVIEW: Ex-BOJ Policymaker Kiuchi Sees Flexible JGB Purchase Program as Fine-Tuning Tool, Expects Only Gradual Rate Hikes to Below 1%
By Max Sato TOKYO (MaceNews) – The Bank of Japan is likely to maintain its “flexible” Japanese government bond purchase program as a “fine-tuning tool” so it can respond to both upside and downside risks to growth and inflation, instead of clearly reducing JGB buying from the current monthly pace of about ¥6 trillion, Takahide […]