BoE cuts inflation and growth forecasts
The Bank of England cut its inflation and growth forecasts for 2016, at the same time the European Commission cut its forecast for UK growth too.
What Might the Fed Say This Afternoon?
It would be surprising if today’s statement did not include a comment more pronounced than a mere mention of “international developments”—the phrase that appeared in December’s press release.
Fed Cred: On the Hook for a December 16th Move
Provided that there are no violent swings in global financial markets and nothing changes the outlook for a slow, but steady return to 2% inflation, a December hike is likely to materialize.
U.S. Payroll Report Provides Ammunition for December Rate Hike By the Fed
Friday’s nonfarm payroll report in the U.S. provided an “all clear” for the Federal Reserve to undertake the first rate hike since 2006.
What Changed in October's Fed Statement?
The Committee expects that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators continuing to move toward levels the Committee judges consistent with its dual mandate.
Do Conditions Support a Rate Increase From the Fed?
Has there been “further improvement in the labor market” and should the Fed be “reasonably confident that inflation will move back to its 2 percent objective over the medium term?”
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