Tagged: interest rates

The Day the Fed fired the starting gun

After several months of teasing the market, the Fed finally delivered its taper. A week before Christmas, this was a punchy move. The message was clear too. In his response to the first question,

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The Day Today 3 Sept

* RBA keep rates unch at 2.5% but omit the phrase “inflation outlook could provide some scope to ease policy further”. AUD rallied 50pts as this considered ‘not dovish’ although better to say it’s neutral ahead of the general election

* AUD retail sales +0.1% MoM vs +0.4% exp and flat prior

* AUD C/A wider at -9.4Bn vs -8.5bn exp and -8.7bn prior

* Japan monetary base +42%,

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Just a minute

Ah, the Fed Minutes. If only they contained no Repetition, Hesitation, or Deviation, we’d be able to see the wood for the trees. For all the worry over September tapering, 

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The more we hear, the less we know

Mark Carney’s first Treasury Select Committee hearing earlier this year was remarkable for one thing: his obsession with communication. The success of the Bank of Canada’s so-called ‘contingent commitment’ was taken up with aplomb by the Fed,

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