As usual, the Bundesbank remains opposed to the most aggressive measures taken by Draghi to loosen monetary policy. Buba Weidmann was particularly opposed the lowering of collateral standards, it was reported today. From a bullish perspective, the discord suggests the … Continue reading
Around the same time the LTROs will expire, perhaps not coincidentally.
Via our friends at CSPAN.
Doing less policy action at this time could risk weakening already slow expansion, causing unwelcome disinflation US outlook not bright enough to support increase in rates before late 2014 Recent oil spike, housing rents could complicate inflation picture if they … Continue reading
Thank goodness for that. All that trying to guess the number shit does my head in. Expects ECB to say inflation well anchored Expects funds from 2nd LTRO to go to non-financials Discussion of exit from non-standard measures likely Doesn’t … Continue reading
Circa 1.3310. Lending pairing some tenuous support. We’re at 1.3317 from session low 1.3307. Well you knew they’d turn up at some juncture, didn’t ya? Talk of large 1.3340 vanilla expiry later today, for what’s that worth. As regular readers … Continue reading
Encouraged by growth in employment Says his policy path calls for a first rate increase this year More optimistic than he was in August
Basically at breakeven after Beige Book.
Manufacturing continuing at steady pace Consumer spending generally positive Real estate market has improved somewhat in most districts Wage pressures genrerally contained We don’t need no stinkin’ QE… Full report here.
Wary of using the Fed’s balance sheet regularly Unemployment seen around 7.8% at year-end I’m not sure who I have a bigger man-crush on, Plosser or Fisher. I sent them both Hoodie-Footies for Valentines day…
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