The Day Today

"The Day Today" - 23 Feb 2015

* BOJ Minutes: Further action will hinge on “inflation as a trend”. “Steady progress” is being made “in the conversion of the deflationary mindset” but a few members warned the “feasibility of continuing asset purchases…warranted attention,

Read more >

"Who are you going to believe?"

Compare and contrast –

Last night’s Fed Minutes from the Jan 27-28 meeting:

‘Many participants indicated that their assessment of the balance of risks associated with the timing of the beginning of policy normalization had inclined them toward keeping the federal funds rate at its effective lower bound for a longer time.’

Read more >