It's a maxim for private investors: Don't fight the Fed. The lesson may apply to central banks in developing nations as well, according to new research presented on Friday that concluded using monetary policy to fight a currency war may ultimately lead to self-inflicted wounds.
Two Fed officials offered contradictory views on the monetary-policy outlook in television interviews Friday. Louis Fed leader James Bullard again expressed support for lowering short-term rates in a CNBC interview Friday, but he also said the U.S. central bank could reverse that course of action depending on how the economy performs. Cleveland Fed leader Loretta Mester said that if the economy continues on its current path she would be unlikely to support a rate cut.
Tougher times may be coming. Enjoy the last ten days of summer. When you get back to your desk in September, start prepping your finances for a possible recession.
July New Business Volume Up 15 Percent Year-over-year, Down 5 Percent Month-over-month and Up 3 Percent Year-to-date The Equipment Leasing and Finance Associations Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for July was $9.4 billion, up 1...
* July core CPI +0.6% yr/yr, matches forecast. * July core-core CPI +0.6%, slightly faster than June. * Soft inflation pressures BOJ to ease further. By Daniel Leussink. Japan's core consumer inflation wallowed at a two-year low in July, increasing pressure for the central bank to acknowledge price momentum was slowing and expand its radical stimulus programme.
Egypt's central bank on Thursday cut the overnight deposit rate by 150 basis points to 14.25%, its first cut since February, after July inflation figures came in significantly below expectations. The overnight lending rate was cut by 150 basis points to 15.25%, the bank said in a statement after a meeting of its monetary policy committee.
Emerging markets faced plenty of headwinds in 2019. Emerging-market assets held by hedge funds rose to a fresh high in the second quarter in spite of market headwinds, according to an industry report out Thursday. Hedge funds held a record $239.3 billion, according to the HFR Emerging Markets Hedge Fund Industry Report.
Egypt's central bank on Thursday cut the overnight deposit rate by 150 basis points to 14.25% after July inflation figures came in significantly below expectations. The overnight lending rate was cut by 150 basis points to 15.25%, the bank said in a statement. Seven out of 13 economists surveyed by Reuters had said the bank's monetary policy committee would cut overnight rates by 100 bps.
LONDON, Aug. 22, 2019 Roots Analysis has announced the addition of "Cell Therapy Manufacturing Market, 2018 - 2030" report to its list of offerings. Given the commercial success of multiple cell therapies, such as RECELL® and YESCARTA®, and an evolving clinical pipeline, the opportunity for contract development and manufacturing organizations is anticipated to grow significantly.
Rates are approaching the lowest level in three years, but are they stimulating Americans' interest in buying homes? Mortgage rates slipped lower over the last week, a boon to those looking to buy a home or refinance. The 30- year fixed-rate mortgage averaged 3.55% during the week ending Aug. 22, down five basis points from the previous week, Freddie Mac reported Thursday.
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