Fed’s Evans says ‘no compelling reason’ to hurry and raise interest rates

(Reuters) – Chicago Federal Reserve President Charles Evans said on Wednesday he was concerned the strong dollar’s “clear disinflationary pressure” could get embedded in expectations. That could make it even harder for the Fed to reach its 2 percent inflation target, he said, although the strength’s impact on inflation – lowering the cost of imports – would be short-lived…

BOJ’s Kuroda is committed to achieving 2% inflation target

(Reuters) – Bank of Japan Governor Haruhiko Kuroda came out fighting on Friday, giving a spirited defence of the economy’s performance after a run of weak data, and reiterated his readiness to expand stimulus if inflation faltered on the path to his 2 percent target rate…

U.S. producer prices slip 0.2% in May but inflation remains tame

(Reuters) – U.S. producer prices fell in May after two month of solid gains, but the decline was not enough to change perceptions that inflation pressures are steadily creeping up. The Labor Department said on Friday its…

Japan PM Abe hopes BOJ will steadily promote bold monetary easing

(Reuters) – Japanese Prime Minister Shinzo Abe expressed hope on Wednesday that the central bank will maintain its bold monetary stimulus to revive the economy and end deflation. “Japan is making steady progress toward beating deflation and reviving the economy due…

Daily Forex Market Review 12/13/13 (+35 pips)

Today’s Trade Result: +35 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Daily Forex Market Review 12/03/13 (+25 pips)

Today’s Trade Result: +25 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Daily Forex Market Review 11/14/13 (+55 pips)

Today’s Trade Result: +55 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Daily Forex Market Review 08/28/13 (+73 pips)

Today’s Trade Result: +73 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Fed could soon set inflation target

Shared by Henry

I believe Feds will use Inflation Target to calm the market that they are serious about curbing inflation, while using that as an excuse to launch QE3… Brilliant.
The Federal Reserve, long under attack by those who fear its polici…

Fed Said to Discuss Explicit Inflation Target

Federal Reserve officials are discussing whether to adopt an explicit target for inflation, a strategy long advocated by Chairman Ben Bernanke

Forex: British Pound Rally To Gather Pace, Euro Carving Out Top In May

Shared by Henry

Next week, the Uk will announce the yearly CPI which will be followed by the MPC Minutes Meeting where the Central Bank’s inflation target rate will be voted on.
The British Pound regained its footing on Wednesday as the Bank of Engl…

RBNZ Official Cash Rate Decision (Interest Rate) 12/09/09

3:00pm (NY Time)  RBNZ Rate Decision   Forecast 2.50%    Previous 2.50% ACTION: NZD/USD        BUY 2.75%     SELL Unchanged RBNZ is expected to keep rates unchanged at the current level of 2.50% once again during today’s rate decision, as unanimously agreed by all economists surveyed, according to Bloomberg.  As a matter of fact, there seems to be no fundamental reason supporting a rate hike for […]

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