Fed latest publications
I'm sure that you all know the story of the emperor who was told by a group of con artists that they would dress him in a suit that was invisible to stupid people. The trick took a long time to be revealed because the emperor, like many of his subjects, was reluctant to admit his own shortcomings despite the evidence.
Central banking forums are particularly interesting, providing as they do an environment where one can take a step back from the volatile present and, even more importantly, take perspective and ask oneself where it is that we are heading.
Just as current medicine cannot predict exactly when someone will suffer a stroke or cancer, economic science cannot predict precisely when the next recession, financial crisis or sovereign default will occur.
After weeks of disappointing data, rising trade tensions and renewed fears of slower global growth, the Fed set the stage for a monetary easing cycle, in line with our view.
Just under a year ago, the Federal Reserve (Fed) began a process to review its monetary policy strategy, tools and communication practices.
The decision by the United States to increase the trade tariffs for China once again has brought the trade truce to a halt and fired up China’s tit-for-tat policy.
Financial markets rattled for the third straight day as US-China trade tensions festered ahead of crucial negotiations between high-level officials in Washington, starting today. Trump’s rebuke that ‘China broke the deal’, accelerated the sell-off in equities.