Yesterday’s US FOMC strengthened the dollar-selling trend, today’s Bank of England policy interest rate, etc.
At yesterday’s US FOMC meeting, a 25bp rate hike was announced, as was widely expected. After four 75bp rate hikes in a row, the pace has slowed down to 50bp hikes and now 25bp hikes. Headline inflation is clearly on a slowdown, but the level still requires continued interest rate hikes. It is also […]
Waiting for Congressional testimony from US Fed Chair Powell, where will the market react?
Today and tomorrow, US Fed Chairman Jerome Powell will give his semi-annual testimony to Congress. Much attention is being paid to today’s Senate Banking Committee, which is to be held first. There are many points to check, such as perceptions of inflationary trends, thoughts on the extent of interest rate hikes, and prospects for terminal […]
There is a possibility that the dollar will sell at the US FOMC and the euro will stand alone at the meeting of the British and European central banks
At yesterday’s US FOMC meeting, the interest rate was raised by 25bp as expected. At the press conference of FRB Chairman Powell, he showed a conventional attitude of suppressing inflation, continued to raise interest rates in the future, and showed a sense of caution against premature easing. However, it was in the early stages of […]
FRB Chairman Powell gave a lecture on the 26th, the Jackson Hole Conference
The Federal Reserve Board (FRB) will hold its annual economic symposium (Jackson Hole Conference) in Jackson Hole, Wyoming on the 18th from 25th to 27th by the Kansas City Federal Reserve Bank. He announced that he will give a lecture on the economic outlook from 11:00 pm Japan time. (Source: Reuters) It seems that USD […]
With the US inflation index slowing down every day, the dollar selling pressure has not yet changed to the FRB’s aggressive route.
This week, the US consumer price index and producer price index continued to show a slowdown in inflation. Both of these slowed down more than the market expected, and panicked dollar-selling reactions spread, especially when the consumer price index was announced. The dollar/yen was pushed further down after erasing the gains that followed last week’s […]
In the remarks of FRB Chairman Powell yesterday, the dollar began to rise again.
In the overseas market yesterday, the dollar-yen pair hit a high of just around 137 yen. Along with renewing the year-to-date highs, the dollar has strengthened and the yen has weakened since September 1998. At the ECB Forum, FRB Chairman Powell said, “The US economy is in a position to cope with monetary tightening,” reminding […]
The Fed chairman, ECB governor, and British central bank governor will meet together to see if the dollar’s appreciation will resume.
Today, FRB Chairman Christine Lagarde, ECB President Christine Lagarde, and European Central Bank President Bailey will participate in the ECB Forum debate. The market is likely to react sensitively to the strength of each monetary tightening stance and the degree of confidence in avoiding a recession. Observing the movement of the dollar index, basically an […]
To digest the ingredients released this week, including adjustments ahead of the weekend
In the overseas market after this, it seems that the development will include adjustments ahead of the weekend. While the tightening stance of the US and European financial authorities has become clear this week, the Bank of Japan has maintained its traditional easing stance, such as notifying continuous limit operations. FRB Chairman Powell said yesterday […]
Fed launches $600 billion corporate loan
The Federal Reserve Board (FRB) launched the “Main Street Lending Program (MSLP)” for SMEs on the 15th. This is the start of all emergency funding support for the new coronavirus measures. With a total of over $4 trillion (about JPY 430 trillion), it will have a risk of loss that a central bank has no […]