And Another Thing…

Because, if nothing else, this column is an information service, this will be brief and to the point – and, hopefully, informative. Are you wondering why we are seeing so many spoofing cases in the US? If you are then you’re probably thinking that the activity is out of control over there – and it […]
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US Second Quarter GDP Revised Up to -31.4%

Second quarter US GDP Wednesday was revised up slightly due to upward adjustments to consumption and residential fixed investment. Analysts will look past this data and toward the third quarter’s likely partial recovery. Second quarter GDP was revised up to a 31.4% decline from the 31.7% drop in the second estimate. Analysts had expected GDP […]
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ECB President Comments on Inflation Targeting

Europe’s top central banker Wednesday suggested that symmetrical inflation targeting could have merit in dispelling the low inflation environment suffered in advanced economies since the financial crisis. Addressing the ECB and its Watchers XXI conference in Frankfurt, ECB President Christine Lagarde noted that many central banks have explored a strategy to overshoot inflation to “explicitly […]
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BoE’s Haldane Sees No Current Need for Negative Rates

A top Bank of England (BoE) official Wednesday vigorously downplayed the need for sub-zero interest rates in the UK, citing an economic recovery that has far outpaced the Bank’s expectations. “At present, none of the conditions [that would necessitate negative rates] is, in my view, satisfied,” said Andy Haldane in a virtual speech to the […]
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BoE Chief Reviews Negative Rates; Downplays Cut

The Bank of England (BoE) is continuing to review the efficacy of negative interest in the UK, but the country’s leading central banker Tuesday downplayed the possibility of any policy change over the near term. The Bank is “doing the groundwork” on the benefit of sub-zero rates, but has “reached no judgement on whether or […]
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Eurozone Economic Sentiment Improves, But Pace Slows

Economic sentiment in the countries sharing the euro improved in September, but at a slower pace than in previous months, the European Commission reported Tuesday. The Commission’s Economic Sentiment Indicator (ESI) rose to 91.1 in September, an improvement of 3.6 points from the 87.5 result in August. By comparison, August improved 5.1 points over the […]
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US September Confidence Surges; Outlook Improved

The Conference Board’s US consumer confidence index Tuesday surged to a reading of 101.8 in September, the strongest reading since March, from an upward revised 86.3 reading in August. The Conference Board noted both the current conditions reading and future expectations rose solidly in the month, which should support spending. Analysts had expected the September […]
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ECB’s Schnabel Calls for a Euro Carbon Tax

A top European central banker Monday rebuked investors for underpricing the risk of climate change and called for a global carbon price to challenge the ecological and financial harm presented by global warming. “A global climate price is the most powerful way to correct market failure and to set in motion a process whereby firms […]
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ECB’s Lagarde Unveils New Transparency Measures

Europe’s top central banker Monday promised greater transparency in its communications with the European Parliament, stepping up efforts to enhance public accountability following a rebuke from a German court back in May. Effective immediately, the European Central Bank (ECB) will publish “the opinions of the ECB Ethics Committee for cases of conflict of interest and […]
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And Finally…

This is a tricky one is some sense – it always is when you target a hugely respected institution – but I have to ask, why did the Bank of England decide to tag on a warning about FX markets to its report into the misuse of its video and audio feeds? Now it has […]
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