Gradual hikes needed amid very strong economy though. Meeting minutes from June 2018 FOMC meeting – price moves support outlook for 2% inflation As the Fed continues its path of gradual rate hikes, the Fed seems torn between the good and the bad. Whether it is two camps is not really sure. In a way,…
Raise 2018 hike projections from 3 to 4 at the last meeting Remember at the last meeting, the FOMC not only raised rates by 0.25% to 1.75%-2%, but also increased the projections for rate hikes in 2018 from 3 total to 4 total (they have done 2 so far).
Comments by ECB member Yves Mersch in Linz, Austria – Monetary policy can’t compensate for national shortcomings – Eurozone members must use expansion to reduce debt levels ForexLive
Comments by ECB member Ewald Nowotny in Linz, Austria ForexLive
This via Westpac on the Federal Open Market Committee minutes releases Thursday (in brief, bolding mine): ForexLive
Central banks should be trying to minimize volatility but the Bank of Canada has embraced it The Bank of Canada seems to view volatility is a virtue and it’s hurting the Canadian economy.
BOE governor Mark Carney is in a press conference taking questions now – There is always uncertainty when it comes to Brexit – It will be “pretty obvious” if UK is no longer on this Brexit path ForexLive
BOE governor Mark Carney comments in his speech in Newcastle There isn’t any firm clues that an August rate hike is coming, as the brushing off of the Q1 soft patch is not something new and calling for tighter policy is what hawks like McCafferty has been advocating for quite a while and it’s already…
BOJ board member Takako Masai with further comments Pretty much a reiteration of what Kuroda has previously said when it came to the removal of the FY 2019 timeframe for the inflation target. No surprises so far from Masai, as the BOJ tends to speak in unison when it comes to the message they want…
ECB chief economist Peter Praet spoke in Brussels earlier Reaffirming the slightly hawkish outlook on inflation that the ECB has right now. Nothing else from Praet other than that.