Tag : Janet Yellen

The thin line between complacency and clairvoyance

Blind, complacent, cool-headed, driven by moral hazard, clairvoyant? Or should we follow the example of the Bank for International Settlements and call it “dissonant”? Which term best describes this summer’s market behaviour?

 

Meetings at the summit

In the Eurozone, China and the UK, purchasing manager indexes for the manufacturing sector declined in February. In the United States, in contrast, the manufacturing ISM rose but still held below 50, the level separating industrial expansion from contraction.

 

Fed tightening nervousness

The FOMC is meeting next week on 16 and 17 September and nervousness in markets is on the rise. US FOMC is unlikely to raise rates next week. Low inflation and a rising market uncertainty give no reason to rush the normalisation.

 
 
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