June FOMC Expected to Stay Unchanged, But Still Fluid Ahead of US Employment Data
Yesterday, market sentiment shifted towards a majority expectation of the June FOMC remaining unchanged. This change was in response to the support for holding off on rate hikes from a Jefferson Fed Board member and the President of the Philadelphia Federal Reserve, Harker. Prominent Fed watchers had also indicated a possibility of no rate hike. […]
Dollar’s strength in the region but nervousness in the dollar, ECB officials, and U.S. home prices.
Trading in overseas markets was quiet yesterday as the U.K. and U.S. markets were closed. Today, trading is likely to be more active as the U.K. and U.S. markets return to the market. The dollar is currently being bought. However, the dollar-yen exchange rate has sharply declined by more than 50 sen from the highs […]
How will today’s ECB fare as the How will today’s ECB fare as the US FOMC’s rate hike pause approaches?’s rate hike pause approaches?
As expected by the market, yesterday’s US FOMC announced a 25bp rate hike. However, while it suggested the possibility of keeping rates unchanged (pausing rate hikes) at the next June meeting, it did not explicitly say so. Chairman Powell denied the speculation of an early start to rate cuts that had been spreading in […]
What is ECB?
The ECB, or European Central Bank, is the central bank for the euro and administers the monetary policy of the 19 European Union (EU) countries that have adopted the euro as their official currency. These countries are collectively known as the Eurozone. Established in 1998, the ECB is headquartered in Frankfurt, Germany, and is one […]
What about the ECB Governing Council raising interest rates by 50bp at the timing of financial instability?
Today’s announcement of the results of the ECB Governing Council has attracted more attention than usual. Deep-rooted inflation is observed in Europe, and measures to curb inflation are urgently needed. The hawkish members’ calls for a 75 basis point hike were quelled by Lagarde’s message of a series of 50 basis point hikes. However, the […]
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 […]
There are also reports that the ECB is about to return to normal interest rate hikes after raising interest rates by 0.50%
ECB governors are beginning to consider raising interest rates at a slower pace than indicated by ECB President Lagarde in December. Bloomberg reported, citing people familiar with the matter. A 0.50 percentage point hike in February remains likely, but the prospect of a 0.25 percentage point hike at the next March meeting is gaining […]
After all the major central bank events have passed, what is the hawkishness of the central banks of each country for next year?
Monetary policy meetings of major central banks were held one after another this week. USA, UK, Europe, Switzerland, etc. Not coincidentally, both have announced rate hikes of 50 basis points. However, the degree of hawkishness for next year is likely to be quite mixed. The United States has raised its outlook for the terminal rate […]
Following the US FOMC, the Bank of England and the ECB announced monetary policy today
Following yesterday’s US FOMC, today the Bank of England and the ECB will announce their monetary policies. The FOMC raised interest rates by 50 basis points, as many expected. The pace eased after four consecutive 75 basis point hikes. However, this has already been factored into the market. The key terminal rate level was […]
Pay attention to the lectures of ECB officials today, ahead of next week’s ECB Governing Council meeting
The flow of the dollar market has stagnated this week. Observing the dollar index chart, the downward trend since November continues. However, this week has seen a lull in price fluctuations. Next week, the US FOMC, the UK Monetary Policy Committee (MPC), the ECB Governing Council and other major central bank policy-making meetings are lined […]