The Fed’s Last Stand: When Politics Hijack Monetary Policy
For the better part of the past few decades, the spectre of “fiscal dominance” has remained largely confined to the ivory towers of academia—at least...
Category: Monetary policy
The FED hold interest rates
The Federal Open Market Committee (FOMC) voted last week to keep the federal funds rate steady within the range of 4.25% to 4.5%. They also...
The Fed’s minutes Confirm a wait-and-see strategy
According to the minutes from the Federal Open Market Committee (FOMC) meeting on 28-29 January, policymakers agreed that provided the economy remains close to full...
A FED lost in translation
Federal Reserve Chairman took to his usual stage in Congress, once again proving that when it comes to monetary policy, ambiguity is an art form....
The ECB’s Latest Experiment in Monetary Alchemy
The European Central Bank has once again cut borrowing costs—for the fifth time since June—citing stagnant economic growth and inflation inching tantalisingly close to its...
The Fed’s Masterclass in Mixed Signals: No Rush, No Clarity, No Problem?
In yet another dazzling display of monetary ambiguity, Federal Reserve Chair Jerome Powell has assured the world that the central bank is in no hurry...
BOJ Rocks the Boat with a 17-Year Rate High
The Bank of Japan surprised the market by hiking its key interest rate to 0.5%, the highest level in 17 years, and adopting a notably...
Central Banks A drift in Uncharted Waters
The decades preceding the pandemic may have had their rocky moments, but they now enjoy a retrospective glow of tranquillity. That era, marked by subdued...
Betting Against the Tide: Fed’s Next Move Could Be a Hike
It’s a bold, reckless wager, but a faction of bond market traders seems to believe that the Federal Reserve’s next rate decision might defy the...