The Day Today

The Day Today 21 Jan 2014

* A reminder that the Fed have started to roll back on their extraordinary stimulus, even if the jobs data did look a little off skew to many… Fed May Cut Bond Buying to $65b, Hilsenrath Says: WSJ http://on.wsj.com/LJGtl5   * NZD inflation comes in higher, +0.1% QoQ vs -0.1% exp and +0.9% prior, so…

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The Day Today 20 Jan 2014

* Ireland now ranked investment grade by all 3 credit rating agencies after Moody’s upgrade, thereby removing junk rating of the past 30 months {fifw NSN MZOYEL6JTSE8 <go>} * Sunday Times: Jobless drop to put Carney on the spot “Bank’s threshold for raising interest rates will be hit within months rather than two years” http://thetim.es/1mtsf5u…

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The Day Today Friday 17 Jan 2014

* BBRG survey: 60% of economists think BOE will change fwd guidance in Feb Inflation Report. One third see the 7% unemployment threshold reached in 1st half of this year, compared to only one month ago when NO economist saw it being breached until the 2nd half. {fifw NSN MZIA4V6K50YR <go>} * WSJ: U.K. Home…

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The Day Today 16 Jan 2014

* The Australian dollar falls to 3 year lows on poor jobs data; the economy lost the most full-time jobs in a year since 1992 – Job Slump Sends Aussie Lower as Rate-Cut Bets Revived {fifw NSN MZH7W56TTDS6 <go>} * Fed’s Beige Book relatively upbeat: “The economic outlook is positive in most districts, with some….expecting…

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The Day Today 15 Jan 2014

* Germany’s Economic Growth Slowed More Than Estimated to 0.4% Last Year {fifw NSN MZFNP46TTDSN <go>} * The new Fed voting members this year remind us why they are known as hawks: – Fisher: liquidity causing “beer goggles” and he wants QE ended as soon as practicable. He preferred a $20bn taper in Dec and…

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