The May 25 week in the US starts off with the Memorial Day holiday, but it quickly speeds up from there. Regional conditions data for May are the highlight of the week, with reports from the Philadelphia, Dallas, Richmond and Kansas City Federal Reserve banks and the Chicago PMI on tap ahead of the ISM […]
A series of coordinated central bank actions around the world has failed to stave off another collapse in equity markets with volatility spiking once again and several indices down more than 5% on the day. The Federal Reserve cut rates by 100bp on Sunday and promised further QE initiatives, it also suggested in its forward […]
St Louis Federal Reserve Bank president James Bullard Wednesday cautioned markets not to assume that the Fed’s policymaking Federal Open Market Committee will cut interest rates again at its March 17-18 meeting. Bullard did not rule out another cut in the federal funds rate on March 18 in a telephone conference with reporters, but doubted […]
Today marks the conclusion of an acrimonious US Presidential race, with two candidates promising very different approaches to handling the US economy. As a result, analysts have been furiously mapping out the potential impacts of either result.
If Clinton wins:
Analysts at ING predict that in the case of a Clinton win USD will retrace its pre-election losses and re-couple with Federal Reserve expectations.
“Latest breakout of wage growth from post-crisis range means a Clinton win should see markets (fully) price in a Dec Fed rate hike,” they note.
The US Federal Reserve Board has announced that it will seek a $1.2 million fine and a permanent ban on employment in the banking industry for Chris Ashton, a former FX trader at Barclays.