The FOMC strengthened its language towards the possibility of a rate hike and gradual policy normalisation in the 16-17 October meeting statement.
Markets have continued their grind upwards over the week commencing 19 October, marking a good period for risky assets as the ECB will have wanted.
CPI prints for Germany, the UK and the US have all told a similar story: headline inflation is neutral to falling, while core inflation is rising modestly.
An overview of the Inquire Europe and UK joint Conference in Athens on 4 to 6 October 2015.
Minutes of the 16-17 September FOMC meeting, published on 8 October, showed a Committee struggling to deal with the ambiguity of recent US economic data.
Recent surveys revealed that monthly jobs growth has averaged under 150 000 over the past 2 months, down from 200 000 in the first half of the year.
The Bank of England’s chief economist Andy Haldane thinks aloud about money and the future of monetary policy.
Greece is becoming cautiously opptimistic as Alexis Tsipras eases out former Finance minister, Yannis Varoufakis, replacing him with Euclid Tsakalatos.
Following the 16-17 September FOMC meeting, the Fed has released its latest dot plot, showing members’ prediction for fed fund rates over the coming years.
The FOMC decided upon a hawkish hold at the September meeting, instead of beginning policy normalisation, releasing a subdued projection for policy rates.
Anxiously watched by markets, the decision was taken by the Fed not to hike rates at the September FOMC meeting, despite recent economic improvements.
With recent economic data being generally supportive of a tightening, all eyes are currently on the Fed over the possibility of a historic change in policy.
The low inflation environment looks set to stay as the ECB targets the ambitious goal of maintaining rates below but as close to 2% as possible.
Will the Fed raise interest rates to signal the ‘progress in healing the trauma of the financial crisis’ that chair Yellen announced in June 2015?
Global central banks have reacted to the PBOC’s announcement to devalue the Chinese yuan, with several signs of discomfort towards the policy action.
The July Federal Open Market Committee minutes reflect doubt over Fed Chair Yellen’s approach to the inflation outlook and downside risks to growth.
The FOMC note that a policy rate rise would occur with an improvement in the labour market, likely to be in September, followed by a gradual normalisation.
China’s recent renminbi devaluation should not be seen as the latest policy tool in dealing with weak growth and deflation pressures, argues economist Chi Lo.