The Bank of Korea is done with its interest rate-cutting cycle and is likely to keep interest rates unchanged in 2026, with risks now tilting toward a hike as the next move as growth strengthens, according to Nomura https://t.co/fojHug8B7Y ...

Governor Kazuo Ueda is widely expected to raise the Bank of Japan’s key rate to the highest level in three decades on Friday https://t.co/f5vs7ub0JT ...

picked up to 0.71% YoY in November from 0.25% in October, driven by persistent food price deflation and weak core inflation. Most economists said headline inflation appears to have bottomed out in October on account of lower food prices and one-time GST cut adjustment and expect it to inch up but will be below RBI’s 4% medium-term target. RBI has cut the repo rate by 125 bps since the easing cycle began in February stating that it is to support growth as inflation remained benign.WHY A PAUSE NOW? , on the ...

Welcome back. Our next guest issued a dissenting vote at last week's big Fed meeting, pushing for even steeper rate cuts. Joining us here at Post 9 in a CNBC exclusive is Federal Reserve Governor Steven Myron.Governor, it's great to have you back at Post 9. Welcome. >> Good day.Thanks for having me back. >> So, I know you just gave this big speech at Columbia about inflation. And before we dive into that, maybe you could just explain why you dissented for even sharper rate cuts when some of your colleagues ...

The dollar index (DXY00) today is down by -0.24%.  The dollar is moving lower today after the Dec Empire manufacturing survey of general business conditions unexpectedly contracted, a dovish factor for Fed policy.  Also, the strength in stocks today has reduced liquidity demand for the dollar.  The dollar dropped to its low after Fed Governor Stephen Miran said the Fed's policy stance is unnecessarily restrictive on the economy. The dollar is also under pressure as the Fed boosts liquidity in the financi ...

Nigerian inflation eased more than anticipated in November, strengthening the case for policymakers to resume interest-rate cuts when they next meet in February https://t.co/SIZDNM0Sur ...

Let's focus on this busy roster of central banks data. What do you think has the power to surprise Paul. Where are we going to see some volatility being created.Yeah. Hi there. Well, so lots of potential volatility in the fixed rate space this week.It all spins around off of the Fed. Of course, the Fed cutting last week, but then sort of signaling that it might be going on hold for a little bit of time. So that gives the market a time to calibrate where other central banks are going relative to the Fed.The ...

Summary of Key Points from the December FOMC Meeting Industry Overview - The document primarily discusses the Federal Reserve's monetary policy decisions and economic outlook, impacting the financial services and investment banking sectors. Core Points and Arguments 1. **Rate Cut Announcement**: The Federal Reserve reduced the target range for the federal funds rate by 25 basis points to 3.5-3.75% with a focus on data dependency for future adjustments [6][9][10] 2. **Dissenting Opinions**: There were three dissents during the meeting; two members favored holding rates steady while one member advocated for a larger 50 basis point cut [6][20] 3. **Labor Market Concerns**: Chair Powell indicated that the labor market is showing signs of cooling, with unemployment rising by 0.3 percentage points since June [26][30] 4. **Inflation Outlook**: The Fed noted a slight decrease in inflation pressures, particularly in services, while goods inflation remains influenced by tariffs [28][29] 5. **Future Rate Cuts**: The Fed is expected to consider further cuts in January and April, contingent on labor market stability and inflation trends [9][30][34] 6. **Economic Projections**: The Fed upgraded its growth projections for 2026 and 2027, reflecting a more optimistic outlook despite ongoing risks [35][37] 7. **Reserve Management Purchases**: The Fed will initiate purchases of Treasury bills at a pace of $40 billion per month to maintain ample reserves, which is distinct from quantitative easing [12][15][77] 8. **Market Reactions**: The announcement led to a positive response in agency mortgages and a rally in Treasury yields, indicating market confidence in the Fed's approach [58][97] Additional Important Content 1. **Data Dependency**: The Fed emphasized a return to a data-dependent approach for future rate adjustments, raising the bar for further cuts [16][24] 2. **Unemployment Rate**: The unemployment rate is now viewed as being above the longer-run estimate, which could signal potential concerns for future economic stability [18][19] 3. **Balance of Risks**: The Fed sees risks to growth and inflation as more balanced than in previous assessments, indicating a shift in outlook among FOMC members [37][39] 4. **Trade Ideas**: Recommendations for investors include maintaining long positions in UST 5-year notes and entering buy contracts for FFJ6, reflecting expectations of future rate cuts [69][75] 5. **Housing Market Challenges**: Powell acknowledged ongoing challenges in the housing market, suggesting that a 25 basis point rate cut may not significantly impact housing demand due to low supply and existing low-rate mortgages [101]

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RISK ON. RISK OFF. WE'RE SITTING JUST AT ABOUT 92,289 BUCKS.BECKY. >> THANK YOU ANDREW. RIGHT NOW WE WANT TO GET OVER TO STEVE LIESMAN.HE IS AT THE CHICAGO FED ECONOMIC OUTLOOK SYMPOSIUM THIS WEEK WITH BANK PRESIDENT AUSTAN GOOLSBEE. STEVE, TAKE IT AWAY. >> HEY, GOOD MORNING, BECKY.AND THANK YOU. JUST BEFORE I GO, I START HERE, JEFF SCHMIDT, THE KANSAS CITY FED PRESIDENT, ANOTHER DISSENTER OUT WITH A STATEMENT AT THIS HOUR SAYING THE REASON HE DISSENTED. INFLATION IS TOO HIGH, THE ECONOMY SHOULD CONTINUE MO ...