Energy prices bump key US inflation index up in November

Rising prices for energy and other goods nudged a closely watched measure of US inflation a little higher in November, according to new data published Thursday. The modest uptick could offer comfort to Federal Reserve policymakers who raised the benchmark interest rate this month for the third time in 2017 despite a long streak of weak… Please follow and like us:

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Who Is Going To Call The Top In Bitcoin? Morgan Stanley Says They Might Have A Model

In the alternative investment industry, there is an unpublished list of all-time excellent risk management trades. There is Balyasny Asset Management logically modeling in 2015 that the US Federal Reserve withdrawing quantitative stimulus might lead to a crash and adjusting its risk management overlay accordingly. There is Jim Chanos and Kynikos Associates calling out fraud at… Please follow and like us:

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US Fed nominee Powell: Case for raising rates in Dec ‘coming together’

President Donald Trump’s pick to lead the US Federal Reserve said Tuesday there is a strong case for raising the benchmark interest rate at the central bank’s December policy meeting. In an unusually direct comment for normally-reticent central bankers, Fed governor Jerome Powell told the Senate Banking Committee, “I think that the case for raising interest… Please follow and like us:

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The Drug Of Central Stimulus Will Ware Off Markets: Inflation Is Coming

Albert Edwards has peered into the future, and he sees the whites of inflation’s eyes. How can the head of the Societe Generale’s global strategy “team” tell? The very individualist Edwards notices that Americans are set to take more holidays than at any point in history. He then correlates union / worker power with inflation as… Please follow and like us:

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Non-renminbi bond floats catch HK fancy

The Hong Kong Special Administrative Region government may widen the ambit of profit tax exemption in the region to include the non-renminbi sovereign bonds issued by the central government, Paul Chan Mo-po, the city’s financial secretary, said. He made the statement during an investor meeting for the Chinese mainland’s planned $2 billion sovereign bond issue in… Please follow and like us:

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Central bankers bet weak inflation won’t last forever

The European Central Bank expects a pickup in inflation even though wages have remained weak during the current economic recovery, its vice president, Vitor Constancio, said Sunday. Constancio was joined in Washington by other central bank leaders, who likewise said they expected inflation to rise at some point despite its perplexing weakness across advanced economies. “The… Please follow and like us:

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China Credit Debt-Service Ratio: Healthy But For How Much Longer?

Despite all of the country’s problems, China has proved its doubters wrong during the past few years. Even though several prominent Wall Street analysts and hedge fund managers have speculated that the country is on the verge of a financial crisis, policymakers have successfully managed the country away from any severe crisis. GDP growth reached 7%… Please follow and like us:

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More US business economists see ‘downside’ economic risks

Amid uncertainty over President Donald Trump’s growth agenda, US economists increasingly are worried about risks to the economy, though they see little chance of a recession near term, according to a survey released on Monday. The National Association for Business Economists quarterly survey showed little change in the forecasts compared with June in key areas such… Please follow and like us:

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US Federal Reserve keeps interest rates unchanged

The US Federal Reserve kept its benchmark interest rate unchanged Wednesday and announced the gradual end to a crisis-era stimulus program in a sign the economy is on sound footing. The Fed statement following its two-day policy meeting noted that the devastation caused by Hurricanes Harvey, Irma and Maria are “inflicting severe hardship” on communities. However,… Please follow and like us:

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Federal Reserve will start reducing stockpile of bonds it bought to stimulate the economy

WASHINGTON — it bought to try to stimulate the economy, another milestone in the central bank’s efforts to return to a normal monetary policy after the Great Recession. The long-awaited reduction in the Fed’s $4.5 trillion balance sheet comes… Please follow and like us:

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Bank of England eyes rate rise as inflation surges

The Bank of England on Thursday hinted at an interest rate rise in the coming months as a Brexit-hit weak pound sends inflation soaring. Policymakers voted 7-2 to hold the BoE’s main rate at a record-low 0.25 percent — and unanimously to leave unchanged the level of cash pumping around the UK economy to help boost… Please follow and like us:

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British inflation jumps, pushing pound to one-year dollar high

Britain’s annual inflation rate accelerated in August, mainly on rising prices for motor fuels and clothing, official data showed on Tuesday, sending the pound to a year-high versus the dollar. The Consumer Prices Index (CPI) 12-month rate jumped to 2.9 percent in August compared to 2.6 percent in July, the Office for National Statistics said in… Please follow and like us:

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Potential GDP And Harvey

At a time when there’s more uncertainty than usual about what the U.S. Federal Reserve will do next and when the next interest raise will be, there’s even more talk about the economy’s potential. Where could the nation’s gross domestic product could be? How would a healthier consumer impact potential GDP? Get The REITs eBook in… Please follow and like us:

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Fed minutes show split on timing of asset reduction

WASHINGTON — Several Federal Reserve monetary policymakers wanted to announce last month exactly when they would start reducing the central bank’s trillions of dollars in assets, but most preferred to wait to see how the economy and financial markets were doing over the summer, according to an account of the meeting released Wednesday. In the formal… Please follow and like us:

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Stocks rise ahead of Fed update

European and US stock markets rose Wednesday as investors looked ahead to the release of Federal Reserve minutes for clues on the US interest rate outlook. “European stock markets remain strong as the bullish sentiment that returned to the markets at the beginning of the week is still with us,” said market analyst David Madden at… Please follow and like us:

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