FOMC Archives - Maritime Shipping News

Beware central bankers on monetarist war path, Communications can bite central banks, and more

19 February 2022

Beware central bankers on monetarist war path, Communications can bite central banks, and more

THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world

14-18 February 2022, Vol.13 Ed.7

Most-read Commentary

Beware central bankers on monetarist war path: Somehow the world has got through Covid-19, but no one knows how to tackle the next double crisis. Given this uncertainty, it’s surprising that developed countries have shown signs of rushing back to the ‘old normal’. Central banks...

https://allaboutshipping.co.uk/2022/02/19/beware-central-bankers-on-monetarist-war-path-communications-can-bite-central-banks-and-more/

How the Nixon shock set broad path for renminbi rise 50 years ago

12 August 2021

How the Nixon shock set broad path for renminbi rise 50 years ago

Mao Zedong and Richard Nixon

Thursday 12 August 2021 – Vol.12 Ed.32.4

Commentary: Renminbi’s rise, 50 years after the dollar-gold shock

By Meghnad Desai and David Marsh

President Richard Nixon, in his TV address on 15 August 1971, announced unilaterally that America was reneging on the gold-dollar link. The consequences remain with us today. Nixon gave countries their monetary sovereignty. It was up to them how to use it – with...

https://allaboutshipping.co.uk/2021/08/12/how-the-nixon-shock-set-broad-path-for-renminbi-rise-50-years-ago/

10 reasons why renminbi will keep rising, Views on the December FOMC meeting

14 December 2020

10 reasons why renminbi will keep rising, Views on the December FOMC meeting

Monday 14 December 2020 – Vol.11 Ed.51.1

Commentary: 10 reasons whyrenminbi will keep rising

By David Marsh in London

With the Joe Biden moving into the White House, there will be tension, even confrontation, over China’s foreign policy, technology and trade. But, based on statements from both sides, the relationship between them will be more organised, less chaotic and more stable than under Trump. Against this...

https://allaboutshipping.co.uk/2020/12/14/10-reasons-why-renminbi-will-keep-rising-views-on-the-december-fomc-meeting/

GLOBAL & REGIONAL DAILY (Friday 12 June 2020)

12 June 2020

GLOBAL & REGIONAL DAILY (Friday 12 June 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

June 12 2020

Global Markets

Oil prices resumed their downtrend, pressured by increased excess supply worries and fears about a second wave of COVID-19. Meanwhile, UST yields were higher on the day, but still not far from post-FOMC lows favored by global equity markets’ lackluster performance.

Greece

The Eurogroup that convened yesterday consented to the release of the 3rd tranche of the policy-contingent debt measures,...

https://www.allaboutshipping.co.uk/2020/06/12/global-regional-daily-friday-12-june-2020/

GLOBAL & REGIONAL DAILY (Thursday 11 June 2020)

11 June 2020

GLOBAL & REGIONAL DAILY (Thursday 11 June 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

June 11 2020

Global Markets

The FOMC stayed put on interest rates at this week’s two-day monetary policy meeting, which concluded late yesterday, with Chair Jerome Powell making clear that a rate hike remains a distant prospect amid historically high uncertainty. In reaction to the overall dovish outcome, USTs gained sharply and the USD lost some ground.

Greece

Today’s Eurogroup will discuss among others, the 6th...

https://www.allaboutshipping.co.uk/2020/06/11/global-regional-daily-thursday-11-june-2020/

Daily Overview of Global Markets & the SEE Region (Wednesday, 10 July, 2019)

10 July 2019

Daily Overview of Global Markets & the SEE Region (Wednesday, 10 July, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: All eyes today are on the Fed Chairman who will deliver his semi-annual testimony before the House Financial Services Committee at 16:00 CET, as investors anxiously wait to hear whether Chair Jerome Powell will confirm or refute expectations for policy easing at the upcoming 30-31 July FOMC meeting. Meanwhile, according to US money market forwards, the...

http://www.allaboutshipping.co.uk/2019/07/10/daily-overview-of-global-markets-the-see-region-wednesday-10-july-2019/

Daily Overview of Global Markets & the SEE Region (Thursday, January 31, 2019)

31 January 2019

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:In line with market expectations, the Fed kept the rate for the fud funds target rate unchanged at 2.25-2.50% at this week’s two-day policy meeting which concluded yesterday. However, the tone of the FOMC policy statement and the press conference following the conclusion of the meeting was more dovish than expected, supporting the prevailing market view that the current tightening cycle has probably come to an end. In reaction to the...

http://www.allaboutshipping.co.uk/2019/01/31/daily-overview-of-global-markets-the-see-region-thursday-january-31-2019/

Daily Overview of Global Markets & the SEE Region (Monday, January 7, 2019)

7 January 2019

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:In early European trade today, core government bond yields were off last week’s fresh lows in reaction to FOMC Chairman Jerome Powell’s dovish remarks at the American Economic Association’s annual meeting in Atlanta on Friday. The PBOC’s recent decision for a 100bp cut in the reserve requirement ratio and the release of a strong US employment report on Friday, which showed a higher than expected increase of 312k in December non-farm...

http://www.allaboutshipping.co.uk/2019/01/07/daily-overview-of-global-markets-the-see-region-monday-january-7-2019/

Fed signals slowdown in rate increase, Adapting to changing US-China relations

7 December 2018

Commentary: Fed signals slowdown in rate increase

By Darrell Delamaide in Washington

It came as a surprise when US Federal Reserve Chair Jay Powell said in a speech that there was no ‘pre-set path’ for interest rate increases. But his address capped a dovish turn in the panel, rather than breaking new ground. As it turns out, he was simply channelling the Federal Open Market Committee meeting from three weeks earlier. The FOMC is not bowing to criticism from US President Donald Trump. Rather, the...

http://www.allaboutshipping.co.uk/2018/12/07/fed-signals-slowdown-in-rate-increase-adapting-to-changing-us-china-relations/